Posts by "xaron"

2.0 for the Euro in 2011? Holy moly. I'm a real Euro bull but 2.0? Maybe if hyperinflation starts in US (which is not going to happen that soon)...

1.42 would not be a problem. Cheaper levels to buy. ;) Technically you're right. I just often wonder why everyone looks at Greece and Spain (plus Italy and Ireland) and no one looks at California, NY and so on. But hey, maybe I'm the last one who just sees the awful debts stuff going on.

Look, I know that the EU is in deep sh!t as well but as long as even the US don't want a strong dollar I'd never fight against their printing press.

The US has to refinance $2 trillion of debts within 12 months. Who will buy this debts? China? Japan? They already diversify out of the Dollar and use those levels to sell more. ;) So the FED will buy its own debts again and print more money. The treasury bubble will pop.

Nevertheless that's only my point of view and I could be wrong of course. At the moment I'm long EUR/USD, USD/JPY, AUD/JPY and short Gold and Oil plus DAX. A rather funny mix, mhh?

rkkashmir, what makes me scratch my head that most of the traders out there seem to be USD bullish now. Could become a bad wake up. I still expect to see the Euro at 1.50 again in Q1 this year. But that's my view. The reason is that now both ECB and FED are expected to hike the same time. I think ECB will be ahead again which is clearly not priced in.

Yes I was wrong. Never thought that it would go that deep. Looks like Mr. Market wanted to teach me a lesson. ;)

Ah right, I see that line now. Thanks!

Thanks spec, I agree with that. Especially that the markets were too short in the USD. But I see the current levels as good long term opportunities to short the Dollar again as I still think that we won't see any rate hike by the FED in 2010 at all. I just think the FED won't risk a possible double dip recession and wants to be 100% sure that the recession is over. After that I think they will hike quite aggressively.