I believe in some kind of correction as well for now. Might go down to low 1.30 figures (maybe 1.32 or so) before heading higher. In the long run I still stick to my 1.50+ target for this year.
catnip I totally agree to your view about the EU debts problems but I always miss the US part of it. You can't trade the Euro only but the pair EUR/USD. And what I see here is that the EU takes actions against their debts situation while the US does nothing regarding this. That's a quite dangerous situation for the US.
catnip, you're right with out politicians. And sometimes I even think they do it just to keep the value of the Euro low. ;)
chloethebull, I'm almost a perma Eurobull in the long term. Or wait, better a Dollar bear, that fits it better. :D And yes I was wrong on friday and lost quite some money. Still up 18% for January so not that bad. ;) Sometimes I'm too impatient.
Hmm... catnip. You often tell us about the horrible EU debts situation. But I never hear something about the more horrible US debts situation. ;)
Euro will trade above 1.50 this year. Why? Because the FED will print as if there is no tomorrow. QE3 will come, ECB will hike and all this huh and hoh about the EU contagion is soo overdone... Smart money flows already out of the dollar. You will never see such an opportunity to get out of the Dollar for decades.
Yes Gunjack, I stick to my longs. Will be above 90 in a few months again. That's a long term play. I'll scale in more down the way to 79/80. I doubt the BOJ will allow it to go deeper. And yes, I think the BOJ will win this fight. A lot of negative stuff has been priced in the Dollar now...
Lol, you're right, Ashraf. Don't take it personally please. ;) I don't think we will necessarily see lower levels for now. The BOJ will kick in again and they will win the fight in the long run. I see the USD/JPY above 90 within the next months again.
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(10 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(10 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(10 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (10 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (10 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (10 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(10 months ago)
How bitcoin halvingreduces bitcoin inflation below that of gold and how its "hardness" can beat every other asset & currency over time. Watch here.
كيف تنخفض نسبة التضخم في بيتكوين تحت نسبة تضخم الذهب و ما يعني "صلابة" بيتكوين كعملة او إرادة؟
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Bitcoin versus Miners Performance
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chloethebull, I'm almost a perma Eurobull in the long term. Or wait, better a Dollar bear, that fits it better. :D And yes I was wrong on friday and lost quite some money. Still up 18% for January so not that bad. ;) Sometimes I'm too impatient.
Euro will trade above 1.50 this year. Why? Because the FED will print as if there is no tomorrow. QE3 will come, ECB will hike and all this huh and hoh about the EU contagion is soo overdone... Smart money flows already out of the dollar. You will never see such an opportunity to get out of the Dollar for decades.