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Posts by "shane"
222 Posts Total by "shane":
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Posts by Anonymous "shane":
I agree but you forgot wheat, rice, sugar and the safe heaven Gold. The agricultural countries will be the safe heaven 10 years from now . All these analysts share with us only a very short term view with us and brainwash us. Ashraf is a bit different and he may be right as a dollar bull for next few years and as small traders we dont need to have in our focus the macro out look, but still we must know the facts and fact is that euro is going down for now.
Greece will have its toll on euro and i am for seeing 1.21 soon and may be lower but still i am already putting on strategies to go long euro with minimal risks. Sooner or later we will see a good rebound as nothing goes down forever 1.23 i see as a good point to buy.
Do our long term strategist change there economic policies with every change in trend, I dont think so. Euro will resume its uptrend and we all will be happily buying euro soon and will forget what happened with euro.
The only stable economies with strong currencies will be Franc, Aud and cad . Commodity prices are likely to rise in future in long term as the world demand is bound to rise with time and thus boosting these currencies who have good fundamentals and stable economies. Unlike the dollar, euro and pound.
The system needs a change otherwise today it is greece and tomorrow it can be UK or US.
Central banks are diversifying there reserves buy buying gold and euro in the past this completely suggests that US dollar is not the right horse to bet on.
i got out with small profits, i dont think so we will have any reliefs soon, however i am doing it very safe moving my sl to break even after 10 pips.
I suggest if you wanna buy something against dollar than euro is not the right choice, look at chf.