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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
as far as i know cat has short from 3600,3800,3880 and 3955... and probably more which he is not disclosing... if he truly believes we'll see Euro parity in the near future.. nothing to be worried about...
still expecting correction down to 3850 b4 moving higher toward 4150 level....
in the bigger picture... expecting bigger correction after hitting 4150 level to 3700/3750 b4 targetting 4300/4400 level....
Euro up today, it should be remembered the Euro is doing well primarily because of distrust of US FED QE policies.
So by all means watch the European political situation - it's a good soap opera - but keep the other eye on US and growing resistance to FED policies and Bernanke.
I only play long-game - I still with a short begun some time back - but happy to keep going as the political trends are clear: growing resistance to EU in Europe, growing resistance to FED in US.
"EURUSD can very well top 14250 but not for "technicals" . To consider is EUR is far more fundamentally in trouble than USD."
Cat, how many times the market has to show you that you are wrong, to understand that your analysis is not good enough. What happened? You said you do not see EURUSD above 1.4000 and now when it is above 1.4000, you say it is going to 4250. What happened to the fundamentals? What has changed?
You are a comedian.
Tony, I told you. Your analysis is wrong. Fundamentals is not enough to forecast fx market.
The diverging relative strengths of EUR and USD came to a halt . USD weakness is mainly due
to ME tensions especially the worries Saudi arabia could be target of uproar in Muslim world.
EUR strength is only and only based on speculation ECB's hands will be forced by raising commodities. Therefore the sharply rasing CDS on Ezone troubled bonds are out of focus.
Fundamentally the scenario for an Eur crash is
protest in SA prove a nonevent
Gaddafi regains control over oilfields
seems english is not your primary language...