Posts by "ginger"

Big fall in the Euro today - looks like the bearish trend will continue for some time yet and the rise last couple of days was a dead cat bounce due to funds repositioning activities. Looking forward to 1.33 then 1.32 followed eventually by 1.30 and 1.25.

Ross we still have another few weeks before Ashraf's forecast of 1.32/1.30 play out, so patience is needed - I for one am topping up on Euro/$ shorts as the Euro climbs higher. I just can't see the rise as sustainable. Next few trading days all depend on the NFP data but whatever the outcome medium term (i.e. next couple of months) I see a rise in the $ weighted index to 83-85 level and Euro at 1.30-1.33 level, so am sticking to my strategy resolutely for now - fundamentals must win out in the end in favour of the $, what happens in the middle is "noise".

macrosam what makes you think it'll go as high as 1.38? I think 1.3640 max (Ashraf has already advised that 1.3540 is now new resistance). Must say I'm surprised by the strength of the Euro advance today, but short term relief rallies like this allow you to increase the short position, I'm still short, expecting 1.30 by end of April/May time.

Great battle between bull and bears at 1.3514 level

profit taking took some shine off the S&P with VIX up around 4%. Ratio still above 65. Is the S&P finally about to turn lower? I'd say more money will be taken off the table tomorrow before the long Easter break - we could be looking at sub 65 again soon.