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548 Posts Total by "xaron":
528 Posts by member
Xaron
(Munich, Germany)
20 Posts by Anonymous "xaron":
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Xaron
Munich, Germany
Posts: 528
14 years ago
Dec 17, 2009 13:11
In Thread: Euro's Third Down Leg
What I'm really curious about is the fact that we have now a 800 pips down move without any remarkable retracement...
Xaron
Munich, Germany
Posts: 528
14 years ago
Dec 17, 2009 7:21
In Thread: Euro's Third Down Leg
Uh, now 1.55 isn't a realistic end of year target anymore.
Xaron
Munich, Germany
Posts: 528
14 years ago
Dec 15, 2009 15:15
In Thread: Euro's Third Down Leg
Wohoo... Now that's a tough call! I don't think so because even the US does not want a strong Dollar. A weak Dollar helps the exports plus lowers the debts. The US simply can't attract enough foreign capital. They could if they would introduce double digit interest rates but I think all know that this is a NO GO.
Xaron
Munich, Germany
Posts: 528
14 years ago
Dec 15, 2009 14:30
In Thread: Euro's Third Down Leg
Guys, let me tell you something.

I(!) think that the bottom is near. It might test 1.4480 but I doubt it will go deeper. I think we have the same stuff like in December 07 (can't compare it with 08 because of the financial meltdown).

In Dec 07 the Euro dropped 650 pips from its highs just to rally after that.

In Dec 09 we had a high of about 1.5130 and 650 pips lower would be 1.4480. History repeats.

Just some numbers games. Of course I don't know if that has any significance.
Xaron
Munich, Germany
Posts: 528
14 years ago
Dec 14, 2009 16:56
In Thread: Euro's Third Down Leg
Ok, I tell you my(!) long term targets.

Q1 2010: ~1.60-1.65
Q2 2010: down to about 1.45 (max. 1.40)
Q3-Q4: stabilization above 1.55.

I don't see this pair drop below 1.40 anymore in the next 1-2 years.
Xaron
Munich, Germany
Posts: 528
14 years ago
Dec 14, 2009 16:20
In Thread: Euro's Third Down Leg
So everyone's short now? Great! :) Must go up then. ;)
Xaron
Munich, Germany
Posts: 528
14 years ago
Dec 11, 2009 9:11
In Thread: Euro's Third Down Leg
Uh oh... that's sad to hear. But let me explain that even Ashraf can't know where the price will go.

Personally I think we will move up at least to 1.48 and might test 1.4625 as well but I'm not that sure. If that stupid Greece default stuff fear is away we will see higher levels again. But that's only me. I can't see that we will go down to 1.42 levels, I simply see no reason for that (beside funny technical stuff).
Xaron
Munich, Germany
Posts: 528
14 years ago
Dec 11, 2009 7:31
In Thread: Euro's Third Down Leg
I think that's a highly improbable scenario.
Xaron
Munich, Germany
Posts: 528
14 years ago
Dec 10, 2009 11:59
In Thread: Ashraf's Book: Currency Trading and Intermarket Analysis
Oanda has it on their main page:http://fxtrade.com
Xaron
Munich, Germany
Posts: 528
14 years ago
Dec 4, 2009 20:50
In Thread: Oil Weakness May Intensify
spec, you said: "as the dollar has only fallen because of expected interest rate differentials."

That must be a joke, mhh? I mean even the US gov wants a weak dollar so why should we fight against the printing press? Today's numbers were a joke, they did some fancy calculation again to get the number from 10.2% to 10.0%.

I agree that there will be another Dollar rally. But not this year, and probably not next year. But that's my point of view only.
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