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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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Pipster
UK
Posted Anonymously
14 years ago
Jul 7, 2010 10:30
Hi Seif

This pair is killing me. It just can't make up it's mind up today
Seif
Cairo, Egypt
Posts: 53
14 years ago
Jul 7, 2010 9:06
Good Morning Pipster
Yes i am long at 1.2575 with stop loss below 50 targeting 1.2660-12700
we missed the sterling trade yesterday
Pipster
UK
Posted Anonymously
14 years ago
Jul 7, 2010 8:58
guys

Is anyone long Eur/Usd today from 1.2585 levels
Dodger
London, UK
Posts: 139
14 years ago
Jul 7, 2010 7:04
European market futures now in red.
Dodger
Singapore
Posted Anonymously
14 years ago
Jul 7, 2010 5:20
Euro looking to test 1.2550 support on weak asia stocks,euro market futures were positive but this may change.
Dodger
London, UK
Posts: 139
14 years ago
Jul 7, 2010 5:00
Asian markets in the red,euro following down,making up for yesterday when this china bear ended up like a panda "two black eyes"!
Qiman
United States
Posts: 237
14 years ago
Jul 7, 2010 2:03
This WSJ article is about currency volatility in general, and since the Euro plays such a huge role these days, I posted it here:

"But as great an impact this economic turbulence has had for all markets, foreign exchange might be particularly vulnerable to sharp and sudden fluctuations.

That could be because currencies are state contingent; the probability-weighted sum of payoffs under different scenarios, as Chris Dillow, an economist at the Investors Chronicle, puts it.

Any small changes to the odds of small-probability, high-loss events such as the dissolution of the euro zone or an American or British or Japanese default will cause a sharp movement in the currency. Even though the likelihood is small, if it is greater than zero and has a potentially catastrophic outcome, it ought to have a significant price impact."
http://blogs.wsj.com/source/2010/07/05/currency-volatility-is-here-to-stay/
Qiman
United States
Posts: 237
14 years ago
Jul 7, 2010 1:07
@montmorency: It seems to me that some of the Euro bounce was a rather violent short squeeze, and now there is not as much energy to aid in its rise. And you never know day to day what is going to come out of Europe, or how much the US market situation will once again be a drag on it instead of an aid in its ascent. Correlations do appear to be somewhat unstable for the last few weeks. Therefore in summary, I could see the Euro at a variety of levels in the intermediate term.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 7, 2010 0:53
@Ashraf: May I ask what are your reasons for the timing on Q1 2011?


@Forum: There seems to be a bit of a forum consensus that EUR/USD may continue to rise to ...1.27, 1.28, maybe 1.30, maybe 1.35, but then over summer or after, it will get smashed down.

Why do people believe this (if they believe it)? Why couldn't it just keep on going up, especially if the news from the US continues to be bad (and where is the good news likely to come from?).
Stationdealer
London, UK
Posts: 715
14 years ago
Jul 6, 2010 20:30
EUR/USD continues to ease, now down to afternoon lows of 1.2615.
Solid buying has been seen on dips with real-money players steady buyers this afternoon. Still, EUR/USD trades with a heavy tone as Wall Street trades in the red after a 20 point rally in the S&P and a 175 point rally in the Dow disappear.


Bids are seen in the 1.2605/15 region with small stops below 1.2600. mainly around 1.2590. Major resistance at 1.2675 and 1.5230 (in Cable) have both survived sever tests from below today.
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