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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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montmorency
Abingdon, UK
Posts: 610
14 years ago
Jun 1, 2010 18:17
Cable and AUD/USD also bounced, so perhaps it's USD weakness rather than Euro resilience at this point.
Stationdealer
London, UK
Posts: 715
14 years ago
Jun 1, 2010 16:53
but caution remains same from 12235, as long as your not sure that it will break on the day below 121 levels 120 area point the sense in trading that. Why take chances.
Stationdealer
London, UK
Posts: 715
14 years ago
Jun 1, 2010 16:50
Lagarde: Exporters Not Complaining Now
French finance minister Lagarde says that exporters were complaining about EUR/USD at 1.45 but they are not complaining now so the lower euro must be working for them.
Too bad it took a catastrophic sovereign debt crisis to realign currencies to more traditional values
EUR/USD is consolidating at 1.2295.


OOPs TYPO Err0R, thats 12140
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Jun 1, 2010 16:35
EUR doesn't bounce strongly ... a good indicator is EURPLN ( ZTY) be careful with eur long the banks don't perform well and apparently UBS is in some trouble.
Stationdealer
London, UK
Posts: 715
14 years ago
Jun 1, 2010 16:32
Observe the CME's COT chart to get a better understanding.

Price will bounce every time below 12240, area below remains vulnerable even banks are not risking it anymore.
Nathan Hole
New York, United States
Posts: 16
14 years ago
Jun 1, 2010 16:24
yeah still waiting ... calls seems underpriced so definetly not a good entry point
Stationdealer
London, UK
Posts: 715
14 years ago
Jun 1, 2010 16:19
They say they dont ring a bell at tops and bottoms, but todays price action may considered the next-best thing, as the euro absorbs all manner of bad news and bounces strongly
Stationdealer
London, UK
Posts: 715
14 years ago
Jun 1, 2010 16:16
Nathan! My personal advice do not sell any thing below 1.2240 level
Nathan Hole
New York, United States
Posts: 16
14 years ago
Jun 1, 2010 13:22
Hey guys , need a little bit of advice

When i heard spain got downgraded friday , i wanted to sell some calls on Eur/USD, but was late at the airport and figured ill think about it today.

its trading 1.2167 when i last checked. kind of feel its a bit too late to start selling calls on july/august.

What do u guys reckon
Dodger
London, UK
Posts: 139
14 years ago
May 30, 2010 6:20
I have never personally had any dealings with the ratings agencies,however my contrarian mind keeps telling me the guys presently pronouncing the ill health of various sovereign debt and thus influencing all markets are the same guys who a few years back were rating packages of sub-prime mortgage debt AAA??? Should they really still have the credibility to move markets???
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