EUR

the choice is crooks or thieves

why, do you need one?

Catrip..good pips on prev trade congrats.....I am range sidelined on any new entries..

i will be having an eye on the CPI no
any suggestions?

If one subscribes to Irving Fisher's Debt Deflation theory - which most neo-classical economists do not because they tend to adhere to their economic beliefs as religion rather than science - then I would be reluctant to short EUR against any other currency for any period longer than a scalp. The reason being the austerity measures in the Eurozone resulting in continued deleveraging with less cash inflow to accomodate that necessary deleveraging, resulting in a continued destruction of money supply aided by the ECBs reluctance to explictly and fully commit to quantitative easing measures (non-sterilized bond purchases, money supply creation). Keeping the refinancing operations open beyond year-end is necessary, but more needs to be done if one subscribes to Fisher's theory. As debt is paid down, the remaining debt becomes more burdensome in real terms even if interest rates are kept low or lowered because of the currency appreciation resulting from the destruction of money supply. This is what put the Great Depression in hyperdrive in the U.S. as the main advocate of QE (Benjamin Strong) died before such measures could be enacted. Gold, which is deflationary in nature, exacerbated this increasing real debt burden. The Euro will probably continue to appreciate until either the ECB succumbs to QE as many suspect, or it enters a Depression and suffers the effects of doing so (putting the viability of the currency and the monetary union in question yet again). We are seeing the effects of the Debt Deflation cycle already in Hungary in regards to their Franc denominated mortgages. The more mortgage debt that is paid down, the more the Franc appreciates, and the more burdensome that real debt becomes to Hungarians. This is the twisted nature of deleveraging with no QE and why those who criticize the effectiveness of QE are not seeing the big picture.