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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
Remember my target for Nov was 1,36 when EURUSD was 1,42 and for dec initially 1,32 and later ye 1,20 . I think a recovery is possible above 136 by end Nov if geopolitics cease .
usTNotes projected at 126 while eurusd projected at 132.300.
in case that help dont forget
CIBOULETTES ET AIOLI au service mentawai.
You are doing a great job here man. keep it up.
back in Nov 2 when i called for long USDCHF, the market went against me so i said HEDGE THAT long USDCHF bia SHORT EURCHF abt the same time when EURUSD was near 1.43. Many people did not like that because they expected EURUSD to continue rising.
But EURUSD STARTED TO FALL, as USDCHF FINALLY began rallying.
I did make a TYPO earlier today and I said the crosses meant long EURUSD but then I CORRECTED IT that means I MODIFIED that means IT WAS AN ERROR that means it WAS CORRECTED WITHIN 10 MINS AND THE LATEST IS UP ON TWITTER.
Ashraf
short EURCHF: you sell EUR to buy CHF
that yields EUR buys CHF buys USD ::EUR buys USD that is EURUSD short
Now you are saying you said to short the EURUSD??? Not true, not true. Look up your tweets and and IMTs and you will see.
LONG $USDCHF + SHORT $EURCHF = Synthetic SHORT $EURUSD
It's just a matter of time before USDCHF regains 0.9950s after CHF gives in to USD strength.
EURCAD HotChart did not lie. EURGBP shorts in latest long article back below 0.85.
Ashraf
German Chancellor Angela Merkel said the prospect of serial European bailouts was exceptionally serious, sending the euro to a three-month low as officials estimated saving Ireland will cost 85 billion euros ($114 billion).
Well arithmetic is beyond a politician's mental capacity.... 85 bln Euros ... jolly good joke.
A Total bailout is underway and that is Eur 150 bln. 85 bln do not suffice for bank bailout.
The ECB will have to buy Irish bonds.