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by Ashraf Laidi
Posted: Feb 3, 2010 17:02
Comments: 116
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This thread was started in response to the Article:

$1.32 Euro Under Construction

The deteriorating momentum of sovereign concerns in the Eurozone & further dissenting rhetoric from FOMC to weigh further on EUR & other risk currencies.
 
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AVG
Posted Anonymously
14 years ago
Feb 17, 2010 13:25
Folks,
EUR/USD has dropped to 1.3720 from 1.3790.... How abt gng long to this pair at 1.3720.....
PippedOff
Canada
Posted Anonymously
14 years ago
Feb 17, 2010 7:30
Evan-just adding a touch of levity as many here were scorched today.
EvanRowe
Florida, United States
Posts: 25
14 years ago
Feb 17, 2010 6:53
Pipped..where do you get this stuff from?
PippedOff
Canada
Posted Anonymously
14 years ago
Feb 17, 2010 6:50
Aussies left a night crew on the trading desks with explicit instructions to keep aud/usd bid over 0.900 or risk death.

Aussies acting as if aussie dips below 0.900, the entire country will cease to exist.
EvanRowe
Florida, United States
Posts: 25
14 years ago
Feb 17, 2010 6:44
Nobody knows for sure though. He seemed very certain of Gold going to 1020.
rkkashmir
Posted Anonymously
14 years ago
Feb 17, 2010 5:19
Final warning: Gold already pooped $3 to over 1120, will lead risk appetitie higher. There is no stopping the risk trade over the next EIGHT hours.

Cover euro shorts or risk getting run over by a freight train.
rkkashmir
Posted Anonymously
14 years ago
Feb 17, 2010 5:15
Again I will warn: if you are currently long usd in any pair except usd/jpy, you are going to get annhilated in the London session!
rkkashmir
Posted Anonymously
14 years ago
Feb 17, 2010 5:12
@PippedOff-why continue to short. Everyone, including Ashraf, is calling for higher eur prices (up to 1.3914. THAT'S ONE HUNDRED FORTY PIPS up from the current 1.3774 level. If euro approaches those levels, gbp/usd, aud.gbp and gold will continue to march progressively and exceedingly higher. usd/cad would drop 100 pips.

Again, why short? Go with the flow, or sit out until a better shorting opportunity unfolds, or some of this momentum ceases. But let's face it, every dip is bought.

Ashraf expecting the FOMC to be usdx supportive. However, this can come from significantly higher levels of eur. gbp, aud and gold. There still is an entire London session to go, and we all know how they love to grind for four hours in whatever direction things are going.

Again, why short? Even Ashraf is expecting higher euro prices.

Good Trading...
PippedOff
Canada
Posted Anonymously
14 years ago
Feb 17, 2010 3:20
Heads up. Ashraf just tweeted 1.3848 is midway up-target for euro.

The ignaramous' continue to support euro. The session of Nikkei bringing in more risk bids.

Cover them shorts you weak shorts!!!

Gold's going to $2000. It will be there in one month at this pace, with the PPT propping gold to the tune of $80 an ounce in little over a week. But Weatherman Analysts want more, telling us gold is going up so expect even higher and higher prices. What astute analysis provided by the Weathermen.

The Weathermen are this decades Dot.com analysts: set a price target, and when it is hit in two days, just raise the price target another 15/20%. When that is hit, raise it again.
PippedOff
Canada
Posted Anonymously
14 years ago
Feb 17, 2010 3:03
@Pipster-GL on that gold short. I have established a small position also. Just waiting for the momentum of short-covering to wane, then I can really put a position on.

As of now, every time it drops a dollar, it seems as if it catches a bid immediately.

The trick with gold is to be there when the move happens, as Gold follows the 80/20 rule: 80% of moves in 20% of the trading time.
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