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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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DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 17, 2011 12:09
I agree about the US MOUNTAIN OF DEBT. Basic common sense tells me you cannot go on forever fighting a debt problem with more debt. The US are masters at kicking the can down the road but somewhere down that road they will find a brick wall.
Putko Mafani
Cape Town, South Africa
Posted Anonymously
13 years ago
Jan 17, 2011 12:09
Xaron, this is what I have been trying to say to catnip for a cuple of months, but alas he does not seem to get it.
Xaron
Munich, Germany
Posts: 528
13 years ago
Jan 17, 2011 11:54
catnip I totally agree to your view about the EU debts problems but I always miss the US part of it. You can't trade the Euro only but the pair EUR/USD. And what I see here is that the EU takes actions against their debts situation while the US does nothing regarding this. That's a quite dangerous situation for the US.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 17, 2011 11:53
Catnip, try to be more tolerant of a very wide range of trading methodologies in this forum, ALL of which have the potential to make good money if the required discipline is applied.

Try to learn the historical lessons from your forefathers and be a lot less dogmatic. Your theories are interesting and may well provide you with a trading methodology but please desist from shovelling it down everyone's throats and showing contempt for others.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 17, 2011 11:37
50% ret would be at 3164 or 61.8% at 3096. A decent ret over coupla days would make it easier to contemplate some upside projections.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Jan 17, 2011 11:35
Future aspects of EUR hinges on extension of EFSF Germany resists.
EFSF extension means ESFS money will buy troubled bonds , instead of
ECB buying ( which is the same as QE ) it.
This could enable ECB hike rate to quell rapidly raising inflation in Germany.
The aspects of such could propel EUR strength.
However the two biggest problems remain unsolved:

a PIIGS must contribute to EFSF how can they do so without borrowing their respective contribution from either ECB or EFSF?
b EZone banks are the major holders of troubled PIIGS bonds

There is only one solution: someone else buys PIIGS bonds at tolerable rates
at the coming auctions. So far the buyers at the recent auction of Portuguese bonds are unknown. There are no figures yet how many Porutuguese bonds, Spain bonds etc. were actually bought by China and Japan.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Jan 17, 2011 11:34
I am long term short EURGBP
there are no books on hedged trading or structure trading there is only one small book by a Russian mathematician who is an US citizen for 10 years and has advised GS. But this is
most advanced topology ( structre is a term of topology). He wrote another small book asissted by me on complexity of structure dynamics which is factually about cognitive science.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 17, 2011 11:32
daily eurusd trend line resistance now potential support was tested @ today low of 1.3243. I was kinda expecting to see at least 3230 level for the cluster support previously posted. Low confidence analysis today with the US holiday and our great eurozone leaders conniving.
Qingyu
manchester, UK
Posts: 1763
13 years ago
Jan 17, 2011 11:07
i understand advanced mathematics.

cat, could you recommend some books about hedg trading?
djellal
LAUSANNE, Switzerland
Posts: 531
13 years ago
Jan 17, 2011 11:06
Hi cat,

I think is better to short eurgbp today!
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