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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Mar 16, 2011 12:29
Catnip, your comments on eur and the common currency are why I have always thought the concept was doomed to fail. Any agreement or relationship has to accomodate "human nature" and all its failings and weaknesses.

I think UK banks are significantly exposed to Irish banks so can see a possible problem there for uk.
New Pip
birmingham, UK
Posts: 84
13 years ago
Mar 16, 2011 11:12
Guys

on the Eur/Usd 1hr chart could you also class the price movement in a rising wedge. With Divergance inverted h&S and rising wedge, from a tech view point its looking bullish. Whay do you reckon

Am long from 1.3933 and target of approx 1.41 region
New Pip
birmingham, UK
Posts: 84
13 years ago
Mar 16, 2011 11:05
DaveO

Nice find - thanks
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Mar 16, 2011 10:57
The fundamental problems of Eur are simple, and in terms of money, those troubled assets
are held by Eurozone banks , and blow up the balance sheet of ECB. But the point is the involvement of Ezone banks. This is not the case in US nor in UK.
Thus ECB must constantly feed liquidity to banks to brush up their balance sheet and hide the fact these are undercapitalized.
The next is that EUr is soccer ball for wannabe politicians. One kicks it there another kicks it there and they say hey we have no idea how to play soccer but ECB is the goalkeeper.
Nothing of that is in accordance with the foundation treaty of the common currency.
Now the Japan crisis. Some overpaid officials are woken up with some effort and they say well
Japan no danger for super duper german industry. But it is. BMW VW Mercedes all of them rely on sophisticated processor and other chips made in Japan. Hardly any hi tech product that has no Japan made products somewhere.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Mar 16, 2011 10:49
I am wondering when Alaidi will spot potential EU inverted H&S. 1 hr, 4hr, daily.
New Pip
birmingham, UK
Posts: 84
13 years ago
Mar 16, 2011 10:00
Guys

Im seeing a bullish divergence on the Eur/Usd 1hr chart. GL
yobadnewz
London, UK
Posts: 21
13 years ago
Mar 16, 2011 8:17
Morning everyone, I hope you are all well.
So the Euro is knocking its head once again against the 1.4 ceiling. But will it finally break through?
Portugal downgraded by Moody's, should it matter given the downgrades to Spain last week were largely shaken off by the rising Euro? And it can hardly be a surprise, but how much of Portugal's problems have already been priced in?
I'm not sure on the above, advice welcome, but I do think the markets may have got ahead of themselves in believing Trichet's hawkish talk. The old Machiavel's inflation-bashing bravado was in my opinion a pragmatic attempt to boost the Euro upwards (it has worked), in the anticipation of Euro periphery problems. Add in Japan's recent woes, and a sell off in commodities, and I think the stage is set for an about turn. I'm also recalling Trichet's claim that there could be no successive raising of rates because it would effectively blow up the banking system: so the question has to be, why raise them at all?
Place yer bets...
subway90
Posts: 1078
13 years ago
Mar 16, 2011 2:46
as long as 3900 level holds.. see it moving higher... once 4036 clears... next likely stopover will be around 4100.... but if 3855 unexpectedly breaks first.... we will see Euro moving lower to test 3690/3700...
Letisha
St. Catherine, Jamaica
Posts: 156
13 years ago
Mar 15, 2011 23:06
Going good....I guess we all have to move with the fundies and use techies to guide us!!
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Mar 15, 2011 21:14
Next will be Ireland taking revenge, lol