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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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cat0nip
Frankfurt, Germany
Posts: 1632
12 years ago
Sep 15, 2012 11:36
Yes the usual rets make trading difficult. Draghi and Bernanke so far provided time for politics to get off their rockers. But how much time? USD was broadly sold off but that could be short lived if presently ongoing Ezone conference produce nothing but paper. I expect that will be so, the EUSD rally could as well continue or see sharp reversals in a general upward trend until US elections.
DaveO
UK
Posted Anonymously
12 years ago
Sep 15, 2012 0:06
Yes big surprise from Ben. Today EU hit the 78.6% ret of the move down from the 1.3484 Feb high, within 7 pips from 1.3175. Weekly trend resistance line broken, drawn from the 2nd Sept 2011 high.

For bulls I see powerful confluence of weekly resistance at 1.3450 to 1.3540 zone next. Beyond that the next level would be 1.3840. Usual rets along the way. Bears would need to see a break back below 1.2650 level.
Qingyu
manchester, UK
Posts: 1763
12 years ago
Sep 14, 2012 11:04
china dont like cpi. how could they do?
cat0nip
Frankfurt, Germany
Posts: 1632
12 years ago
Sep 14, 2012 8:21
wow the Fed surprised big... Dr. Ben delivered more than bulls even expected. Thus a couple of losses with sl hit. Now its China's turn to deliver.
Sir Ignore
United States
Posts: 3068
12 years ago
Sep 14, 2012 4:43
Si Digi...good call...
digi
toro, Canada
Posts: 1040
12 years ago
Sep 14, 2012 3:06
3005 there is

subbie got banged up pretty badly
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Sep 13, 2012 16:15
and Ben not gonna like the oil price and recent inflation.
cat0nip
Frankfurt, Germany
Posts: 1632
12 years ago
Sep 13, 2012 13:59
Economist Sinn pointed to a snare trap for Merkel in the text of the verdict of constitutional court.
Of course Merkel and other politicians could get lost in a revolving door so it takes some time until they realize it. Thus the euro bullishness will wane soon. Another profitable trade is shorting italy and spain bonds.
cat0nip
Frankfurt, Germany
Posts: 1632
12 years ago
Sep 13, 2012 13:49
I am not in for a surprise from Fed. All what has been said in terms of stimulus, and extension of ZIRP, has been said at the minutes. So what is left for a surprise? Can only be sell the fact or disappointment.
I run a short trade again with a sl 2945.
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Sep 13, 2012 10:57
skipper, the sun shines on ye righteous, envy.
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