Forum > View Topic
by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
Gunz..ok I'll drop legal pot from my pres platform..if you advise..
item #2 flat fed income tax.
item #3 term limits
item #4 treat women better
running on pot party platform...
holdin long eur/chf and usd/chf
what abt it subz??
he can't use the charts coz it's too sophisticated for him... in his own words... he's MM...
he should just flip coins... which will definitely have much better hit rate than his current method... :)
doing your daily exercise?? rolling on the floor?
next best thing is... banging head on the wall.... probably you do that a lot as well.... :)
MEGA MORON!!
In my post I have not said anything about price charts levels etc. I am only saying your reasoning to short EUR is wrong.
Let me ask you a very simple question.
What has changed in the EUzone debt situation from a week ago when EUR was at 1.3550 and now when EUR is at 1.3830?
It is ridiculous to trade such ST moves based on fundamental analysis.
You can have the same reasoning to short EUR a week from now when for example it is at 1.4200.
It is really a waste of time to discuss this with you.
It seems you are prejudiced vs all other trading approaches except yours.
My approach is not heavily based on technical analysis but on sentiment. And I have explained below why your reasoning to short EUR is wrong.
Anyway good luck.
You can have different reasons to short EUR here but the reason that EUR debt problems are much bigger than these in the USA is not credible anymore. You see the news flow. Everyday we have regarding EUzone debt woes and yet EUR is climbing vs USD. Besides there is much talk that March will be a tough month for EUzone sovereign debt because of refinancing. And yet the EUR is up. So what? You think that only you and Catnip know about the EUzone debt problems and the other market players do not know about them? I mean these EUzone debt woes are already priced in. This is not new news.
Find something new.
the source is the renowned weekly Wirtschaftswoche, from Feb 21st 2011 .
According to that non performing claims of Bundesbank reached a record of Eur 338 bln per end of december 2010. It remains unclear how could the Bundesbank lend a total of 386 bln to cash strapped Ezone banks? The loans went to Greece ( Eur 93 bln) Spain ( unknown around 90 bln)
Portugal ( around 60 bln) and Ireland ( 150 bln).
The problem is haircut. These claims will be cut and only Germany is liable! Not the ECB.
At the moment an emergeny debate is going on in the parliament. Was Merkel informed?
I tell you if that goes bad Euro value is nil.