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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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djellal
LAUSANNE, Switzerland
Posts: 531
14 years ago
Sep 10, 2010 19:01
Cat,
agree with u, i m short XauUsd too for this wd and long USDchf where i think is better potential... basel concerns stosks markets i think
djellal
LAUSANNE, Switzerland
Posts: 531
14 years ago
Sep 10, 2010 18:58

02:00 CNY Consumer Price Index (YoY) (AUG) 3.5% 3.3% 02:00 CNY Fixed Assets Inv Urban (YTD) (YoY) 24.6% 24.9% 02:00 CNY Industrial Production (YTD) (YoY) 16.7% 17.0% 02:00 CNY Industrial Production (YoY) (AUG) 13.0% 13.4% 02:00 CNY Producer Price Index (YoY) (AUG) 4.5% 4.8% 02:00 CNY Purchasing Price Index (YoY) (AUG) 8.5% 02:00 CNY Retail Sales (YTD) (YoY) (AUG) 18.2% 18.2% 02:00 CNY Retail Sales (YoY) (AUG) 18.0% 17.9%

+++ RATES HIKES
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Sep 10, 2010 18:56
Sure it is China reduces its USD FX reserves somewhat may buy JPY and some other ( apparently a little bit EUR) . The effect on T note prices is visible but not at all dramatic.
However I would not underestimate Basel as there may be a leverage effect from China intervention. China may buy CHF to force SNB to by EUR... Casino mode in fx.
Luckily I was short gold and silver when the metals fell sharply reacting to China intervention announce ment went long agian but sit on 200 ounces short XAUUSD ..
djellal
LAUSANNE, Switzerland
Posts: 531
14 years ago
Sep 10, 2010 18:47
about french labour minister I think he is a real bastard "et c est tant mieux pour ca gueule" ! he gates on switzerland but him and french gvt are pick pokets banana republique...

I from toulouse in france so know this country
djellal
LAUSANNE, Switzerland
Posts: 531
14 years ago
Sep 10, 2010 18:42
i m long eurchf from 1.2949 with 50Mio but I will cut this position before the closing bell... I DONT WANT TO TEST THE GAP with this leverage...

I Thinks china is more important than Basel this wd...
Mentawai
Nice, France
Posts: 25
14 years ago
Sep 10, 2010 18:37
Thanks for your view!

Do you think that the Basel meeting on sunday will have an impact?
The situation of the French labor minister is really getting worse and the unions are getting more powerful the president won't back off on the retirement age but if the minister is proven guilty
that could change a lot of things and put France in a very difficult stance.
Have a good WE.
djellal
LAUSANNE, Switzerland
Posts: 531
14 years ago
Sep 10, 2010 18:33
eurusd rallied (short covered) toward its 50%FIB (around 1.33) FROM ITS fall from december (1.5121)... now it is near it 23% fib frome this same level and as 23% is not a good level eurusd could fall further...

my target 1.24 isn't a real level in the market but its an area where eurusd was after the frst bounce from its low....

about economics : double dip idea isn't a crazy things
djellal
LAUSANNE, Switzerland
Posts: 531
14 years ago
Sep 10, 2010 18:16
i m short from 1.31 and my first target is 1.2400 but I think chf could reverse its course, so if USD bounce against chf i think eurusd could fall further toward 1.24... even if eurchf could bounce toward 1.35 max ...

Cat,
i agree but i think isn't only that market have mixed feeling before chinese potential intervention
Mentawai
Nice, France
Posts: 25
14 years ago
Sep 10, 2010 18:05
@Djellal

What do you expect on eur/usd I'm short too...
Thanks
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Sep 10, 2010 16:12
EUR is supported by CHF and GBP
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