EUR

Euro relative value is atleast 1.40 to the dollar and more. Strength of coomodity currencies vs the dollar suggests that dollar is not appreciating .. rather there has been an attack on the euro due to debt concerns. By end of May, greece debt is taken care of and with any postive numbers out of the eurozone, the euro is going to climb back up to 1.40. This talk of a strong US recovery is faulty. The Fed has been printing money and stimulating the economy. Now its trying to limit its balance sheet. This will bring the recovery down and force the Fed to start asset purchases again. Meanwhile, the 10 year is going past 4 and soon going to take out the air of the housing recovery if there ever was one.
Is it not clear that dollar is going past 100 and this is going to stoke inflation in US and eurozone.

Clearly, the ECB will be raising intrest rates before the end of the summer. Euro is a hard currency - look at the price stability of the eurozone. At some point of time, the falling dollar will create panic and many will be burnt - including several punters out here. Can any of you "seriuos" traders mention how much money u made shorteing the euro or dollar? thousand bucks?? this shows from the quality of comments that appear from most of the people in this site now.

I have read Ashraf's book and in he did make good sense over commodities, china and the strateic shift in reserves. But now I think he is geting too much carried away on short term direction of the dollar and has lost sense of the US deficits, inflation thats coming up and growing influence of Indo china.

It would be great to see some serious comments on this website. Mostly what I see is jobless day traders losing their savings while making nickels and dimes in 100 pip moves.

Where s the big picture?

decent us numbers so far but market not liking them or just waiting for fomc meeting?

desi,

Indeed, me too.

dj

I see H&S in H4 Share EURUSD

Nice week start!