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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
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DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 31, 2011 19:17
Aye Aye skipper, you still a landlubber?
Sir Ignore
United States
Posts: 3068
13 years ago
May 31, 2011 19:12
Hello..the thorn in cat's paw is that fx traded in pairs, not single assets
as he wud prefer if he traded at all.... irrational behavior puts him over da edge of night..
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 31, 2011 19:07
For EU I am still hankering after the 4447 to 4455 cluster next. Below 4255 another matter
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 31, 2011 19:01
Catnip, you shouldn't over
estimate the mkt's intelligence any more than you would overestimate Merkel or the vast majority of her peoples' intelligence. Mkts can remain irrational for longer then we might like and we trade accordingly.
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
May 31, 2011 18:27
EUR relative strength was almost unchanged but USD rs fell hard on Friday .
Anyway what could the FED do to make room , i.e. to sell assets with good profit?
The simplest solution is the best: to deprive investors of alternatives.
Thus bond prices will rise and USD will rise. It cannot be otherwise.
Qingyu
manchester, UK
Posts: 1763
13 years ago
May 31, 2011 17:06
ashraf, 200 pips movement could be self-reflection.
Ashraf Laidi
London, UK
Posts: 0
13 years ago
May 31, 2011 16:30
Catnip,

If you read carefully what i said (or if you subscribed to my analysis). i DID mention what Fitch said about Greece (positive comments helping EURUSD), but yes, the dismal figures from the US also help weigh on USD>

But if you insist on attributing every single move to fundamentals, then why did EURUSD rally nearly 200 pips on Friday to close right at its 55 dma? There was nothing from Germany yet then.


Ashraf
subway90
Posts: 1078
13 years ago
May 31, 2011 16:06
CAT...

parity? your call on it's 2nd year and going strong.... :)
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
May 31, 2011 15:27
this 100% chart-astrology free algebraic method is fine: 1.44 IS the turning point.
Ashraf has it wrong EURUSD has little to do with US economic data but much with Ezone hanging on a thin thread. It is not logical but consequent. Greece haircut imples Ireland ...Portugal...Spain... haircut. Ezone banks dead. Greece new bailout implies Portugal..Ireland..Spain..bailout: ECB and EU dead.
Sir Ignore
United States
Posts: 3068
13 years ago
May 31, 2011 14:14
4366...good stop for longs..

1 and 4 long..233 from 1 hr mid

current 4401
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