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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
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Ashraf Laidi
UK
Posted Anonymously
13 years ago
Oct 5, 2011 16:31
Trading, you can open account with E-trade's UK office to play those inverse ETFs


But there are currency ETFs in the UK via Ishares

Yen vs USD (JYN)
GBP vs USD (GBB)
EUR USD (ERO)


Ashraf
Trading
LONDON, UK
Posts: 57
13 years ago
Oct 5, 2011 14:09
quote AL
"for an ETF betting against the EURUSD, here is EUO.
EUO is 200% INVERSE EURUSD.
Look at the chart.
It behaves like a stock. There is no margin involved"


That is for US investors.
If you are trading in the UK, you need to hedge of the currency risk.
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Oct 5, 2011 13:37
yes i think these are priced in so i am clueless which next bailout surprise could save the day for EUR and stocks bulls .... but perhaps Merkel opens her private piggy bank?
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Oct 5, 2011 13:32
are hopes for a sufficient EU bank rescue fund not priced in yet?..
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Oct 5, 2011 13:11
CDS prices on EZone banks still high. Could be bailout of Dexia not enough total recapitalization requirenments of Ezone banks still 400 bln Eur. If a CDS counterparty fails
US banks in big trouble.
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Oct 5, 2011 12:35
3380-00 be hard to crack..
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Oct 5, 2011 12:30
thx Oliver.. i was talking about different kind of smoking.. probably even harder to give up under trading stress:-)

on less relevant note.. not sure about AL's euro long call here.. personally playing consolidation and not the break.. but if it breaks it will go a long way.. tight stop rule, OK!
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Oct 5, 2011 11:59
Catnip thanks for that.


US to take us in the green. Im buying euros targeting 1.3420s. $ES partly hit targets. US crude play in the black on its way to targets.

But EURUSD needs to close the day ABOVE 13470s to extend rally. still, will see 1.3420-40s


Ashraf
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Oct 5, 2011 11:29
Ashraf
imo the threads are well chosen and serve most communication. However the proverbial
stepchild of technically orienteds - or chart astrologers , i.e. believers in free markets - is
rates. Bond rates , rate spreads, LIBOR, LIBOR OIS spreads, CDS prices, TED spread,...and in Euro EONIA EURIBOR.
These are far more important imo than "sentiment". Sentiment does over- and undershoots, ut the direction is given by money markets, there is no sentiment involved. Nor is there any
supply- demand dependency.
Olivier
London, UK
Posts: 63
13 years ago
Oct 5, 2011 9:25
I do apologise Ashraf about hijacking this Euro thread but DaveO seems like a nice guy and if this helps even just one smoker to quit .... but i won't say any more.
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