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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
I think subway90 is v generous man to help eur longs hahahahaa
There is a war forming at the doors to europe and the Eur bulls treat it like a soccer match.
Ezone economy is by far more fragile than US thus a trader must expect any time a sudden fall of Eur if Lybia, Algeria , and eventually Middle east situations escalate. Btw did anyone notice the phrase war on terror has completely disappeared from US rhetorics? Now its war for democracy...
take care. Dr.Ben clever man.
Another factor that should make traders more suspicious. Overnight interbank interest.
Quite openly the FED provided liquidity directly to banks as LIBOR etc spiked.
Not so ECB and Bundesbank. They did and keep on doing the same but covertly.
Thus Euribor and Eonia aren't anymore reliable instruments for state of Ezone banks.
This is imo a typical house of cards construct.
interesting LEX artical about euro
pips but the close above 14 didnt come. My analysis says that EURUSD will not go higher than it is now for the next trading days. After NFP EUR was bought in volume and USD sold, but EUR was not bought vs other majors and USd was not sold vs other majors In the final hour of trading EUR lost vs CHF while EURUSD trades petered out. Without major news the parallel realtive strenght of EUR and USD will not change.
Note some institutions are still short the euro -http://www.euro-exchangerate.com/euro-to-weaken-0403192
Also reuters reports highest volume of euro longs since July 2008 - looking at the charts, I note that it duly dropped from 1.58 to 1.2 in the next three months. Ominous sign for those who are piling into euro long positions.
he go real quiet when he getz showd up hahaha
http://bit.ly/htZWi2
Ashraf
eur iz at 1.398 kimchi
hahahahhahahhahahahha