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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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subway90
Posts: 1078
13 years ago
Mar 23, 2011 3:45
Euro just needs to clear 4150 support and we'll likely see a drop similar to price action of feb 3...
if drop comes within 16 hours.... the tp comes in around 4020/30 initially... extension below 4000 level could see 3930/50....

gl/gt
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Mar 23, 2011 2:12
Chloe

Chloe, in response to you question the other day about dissent inside the ECB. There was never a record of a dissent inside the ECB as far as I recall. Webers decision to be the only one voting against bond purchases does not count because that was the smallest minority number one can get. ECB voting system is usually a collegial system. You should know that most central bankers (even from the heavily indebted Ezone nations) come from the hard-money school and have little sympathy for the fiscal irresponsibility of their elected officials. Having said, ECB voting system is known to be very collegial and most decision are usually backed by full consensus. In case where there was dissent, it is hardly made public.

Ashraf
Nor
Lemberg, Canada
Posts: 249
13 years ago
Mar 23, 2011 1:02
thanks Dave
DaveO
UK
Posted Anonymously
13 years ago
Mar 23, 2011 0:49
Nor, I favour 1.6550 = 127% ext of last swing down from Nov high to Dec low as next significant level but I am stood aside at mo for minutes tomorrow.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Mar 23, 2011 0:38
If EU move down is only a short term affair watch 4148 and/or 4130 for reactions.
Nor
Lemberg, Canada
Posts: 249
13 years ago
Mar 23, 2011 0:33
DaveO, your thoughts on gbp/$.
Higher from here to 1.65 or back to 1.60?

Dan dadda...good call on euro last night
chloethebull
halifax, Canada
Posts: 1183
13 years ago
Mar 23, 2011 0:30
i agree daveo hard to beleive it reached these levels off mere talk lol..i say its a sell on the news theme lol unless pigs problems beat it to it..but im sure both will weigh on it and eur will eventually reach the 1.20 level:)..ok thanks &gl:)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Mar 23, 2011 0:08
I do wonder to what extent a rate increase is already priced in for gbpusd and eurusd. How much higher could these pairs go on pure talk or is it all down to usd weakness.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Mar 22, 2011 23:58
Ganja, do you think the oil is connected with the BP capping or some other source ?
DaveO
UK
Posted Anonymously
13 years ago
Mar 22, 2011 23:56
Hey Ganja, I sold the eurgbp yesterday at 8720, like watching paint dry that one. Sold eurusd today at 4208 SL at 4220 now. gbpusd covered longs and await MPC minutes tomorrow.

Chloe, I doubt US will raise rates. I doubt UK will raise but feel it is now possible whereas I have previously been convinced that King would prevail. EU, I think their talk is bluff but what do I know. The silly thing is that inflation is very much higher in all examples than the #'s published and commodity prices race up to the moon on emerging economy demands and shortages.
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