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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
Mar 17, 2011 16:31
lol, I wonder whether BOJ this time around will receive some help or am I being naive.
Ganja
United States
Posts: 278
13 years ago
Mar 17, 2011 16:31
I vowed 5 yrs ago to never touch da jppy..
will renew my vows soon..
euro gettin balzy
Ganja
United States
Posts: 278
13 years ago
Mar 17, 2011 16:29
ur jus tryn to ps me off subwhez
subway90
Posts: 1078
13 years ago
Mar 17, 2011 16:26
well... if BOJ comes in... it could be a different story...
but looking at what happened yesterday... not sure if BOJ will jump in... knowing technically it could be bottoming out.... normal expectation would have been BOJ trying to protect sub 80 level... but it just settling at 78.xx level currently...

as for AUD.... could have seen top for now and big retrace on the cards... won't be surprised to see test of low 90's to mid 80's in coming months.... Aud could be the driver for a/y drop not yen....
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Mar 17, 2011 16:23
US equity gain after 3 straight losing days with the help of falling jobless claims, stronger than exp leading indicators index and improving Philly Fed survey. Japans Fin Ministry says will lead a battle against the yen ahead of Fridays G7 conference (6pm ET, 10 pm GMT, 7 am Tokyo time). FX intervention shall remain an option, which will make the previous support of 80 as the next resistance (79.83). EURUSD extends rally to 1.40, confirming why the euro is not the currency to fall victim to the global risk aversion and is among the leaders in rallying against USD and JPY on any rebound. (see this weeks article). 1.4060 and 1.4120 remain viable targets into subsequent days as long as markets remain in the black. AUD and NZD remain the preferred candidates for shorting. There was talk about a possible increase in Chinas reserve requirement ratio (RRR), but nothing materialized.


Ashraf
Ganja
United States
Posts: 278
13 years ago
Mar 17, 2011 16:18
cud hold a/y and sht $jpy if dipz
Ganja
United States
Posts: 278
13 years ago
Mar 17, 2011 16:15
sub..if 79.40 produces short..gonna be a lot of covering for freefall,,boj to the rescue...
big handles closed south and then reverse, they will bail unless boj rolls
subway90
Posts: 1078
13 years ago
Mar 17, 2011 16:14
IGGY....


a/y... still not out of danger.... if it can't clearly settle back above 77.80/78 level... see it testing 75.40 level again.... you wouldn't wanna see a close below 75.40 level.... that could put a big hole on the support side and next main support level would come in the 6x.xx level...
to the upside... if it manages to settle above 77.80/78 level.... main resistance would come at 79.40/50 level.... i think this one would be hard to crack imo....
subway90
Posts: 1078
13 years ago
Mar 17, 2011 16:08
iggy...

yen needs to settle above 79.40/50 for move higher to 82.xx level....
i'd say it's a good sell if it manages to climb back to 79.40/50 for retest of 77 level....
Ganja
United States
Posts: 278
13 years ago
Mar 17, 2011 16:07
will hold everything,,interesting to see what spreads will be this w/e
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