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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
we can probably see 83.623 before the dwontrend to resume
like told me one of my mentor when i asked him on usdyen it will break just below 83.050 and then bouncing back to 83.300/400.
but overall the biais is still bearish
but i have a litlle on the short term few pips up on begining asian session.
we r here to help
usdx i dont follow
as for usdjpy i called a reversal too soon two or three weeks ago but its still in the cards.
some underway operation are occuring between us japan uk and some urope countries
i give my short term target a bit later
how many of dont work in a fin inst? alot
why? cant really tell it and i am on this case
excepted that
with all the funding in place and the lack of employment it is normal that some instit dont perform as theys hould . if they hire more that could be better
second i just want to warn maybe the last time about a time where things are going to be tougher and the crisis is entering in its second phase. thanks to financial market a lot of thing can be achieved for social purpose corporate purpose and so on
what i want ot warn is a period of high price in basic commodities such as soja wheat rice.
a sound purchasing policy can help a lot of nations pass these bad events.
dont know how to tell you but its for end 2011 (nothing to do with the prophecy of 2012).
not for my ego
but i said when eurusd was at 1.27/27 that it will go to 1.37.
lets say its capped at this level and the krack is coming maybe just an asumption.
would the decrease of the part of usd in DTS make this instrument valuable for european countries.
NO
the answer is in russia and china with the structuring of some specific products
Interesting post you make. I been musing over my DX chart and reckon if it breaks 77.40 we will see 74.73 below the trend support line.
As for Germany, if I were advising them I would advocate they exit the EUR currency at the earliest possible convenience.
Another question if Dr.Bernanke who possibly testifies today Fed is preparing to buy more U.S. debt is it really reasonable to expect EURUSD going higher?