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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
May 18, 2010 12:50
Nicholas Nassim Taleb is always interesting:
http://www.youtube.com/watch?v=OVxcDgfTzuk

[Covers much more than just Euro ).


Don't look to him for easy answers though.
Xaron
Munich, Germany
Posts: 528
14 years ago
May 18, 2010 12:47
Yes that's the question. A retracement must come sooner or later. Looking at the weekly and monthly this looks really perky.

Regarding the PIIGS: This is fully priced in.
INGbalek
Trencin, Slovakia
Posts: 120
14 years ago
May 18, 2010 12:45
@all..
there r still PIIGS..
Still a lot of BIG troubles to be REVEALED..

All of u know, that the market CANT have just one direction..retracements r needed..i preffer tradong the trend, thats why i let the market makes the retracement 4me...

U guys, where do u SEE the roof on this current retracement?
My opinion is 1,2750, the Mount everest...1,2650...mont blanc...1,2550 Eiffel tower...i d like Mont blanc to be mounted:-)
montmorency
Abingdon, UK
Posts: 610
14 years ago
May 18, 2010 12:23
Even Jim O'Neil thinks it might go down to 1.20.
mondo
portsmouth, UK
Posts: 22
14 years ago
May 18, 2010 12:00
not to mention the dovish stance of the R.B.A
mondo
portsmouth, UK
Posts: 22
14 years ago
May 18, 2010 11:57
station dealer ,xaron what about inflationary pressures in china and there fiscal tightening surely this will lead to declines in commodities and commodity related currencys, also do you believe we wont hear any more bad news out of the e.u?
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
May 18, 2010 10:56
If I were asked to vote whom trust more GS JPM or politics I'd clearly vote GS JPM.
If economy politics had ever functioned eurozone had no problems today.
I think with politically designed and dominated currency one cannot rule out anything.
Always expect the Spanish Inquisition, as Monty Python said.
Xaron
Germany
Posted Anonymously
14 years ago
May 18, 2010 10:36
I'd like to add that the ECB in the past always was more hawkish than the markets thought they would be. ;)
Xaron
Munich, Germany
Posts: 528
14 years ago
May 18, 2010 10:36
I agree Stationdealer. Do you mind if I ask you about your targets in euro, pound, kiwi and aussie?
Stationdealer
UK
Posted Anonymously
14 years ago
May 18, 2010 10:28
Catnip if the good prof is right then so-long to your deflation concerns, and if you ask me that can not happen over night or without Bundesbank announcing it to the parliament and to other commercial banks. Any such concerns in my view are absolutely absurd and unfounded.

However the that's true xaron while Fed may keep rates lower for this year, ECB and BOE may likely raise interests rates to hinder the rise of inflation. All those people who right now are thinking well the commodities are down, rates are low there will be no risk in the coming months and years frankly their all wrong. Politicization has already begun in EU. Inflation will still be a concern, wage driven inflationary risk may arise, commodities will rise again, while unemployment will remain higher much of this years specially in the US. Regulation overall is the next risk people should look out for, fun's over boy. Greece will confirm their payments tomorrow 19th may and euro will continue to rise until next week.

Last week i talked about the true contrarin Jim O'neil of GS to come out and give his veiws on the EUro situation guarantees in an interview on bloomberg that the Euro will not fall below 120.

Frankly i dont need to know anything more, Jim has spoken people wakey wakey stop beliving in rumours and do what needed to be done. I've already liquidated all my shorts and now in long on euro, pound, kiwi, aussie and oil
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