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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 remember your fully convinced and repeated call until June (article Eurozone Core, USD Index & Swiss Knife) for EurUSd 1,16; now three months later your target is 1,38 mainly on the edge of QE reasons
I wonder the reasons for it: changing fundamentals or merely the force of speculants against a single currency
Nobody really assumes fundamental conditions in and for Europe have improved within three months, in my mind only the focus has been altered, now speculating against USD is the focus, in the meantime obviously already undervalued
Shouldn't we be aware of a renewed sudden change of sentiment ? profittaking, rumours on purpose and so on
oyro sharply has reversed last nite , the tp seems to be 3700