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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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catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Sep 2, 2010 14:32
Imo the most probable is EURUSD trading in a small range for quite some time ... see also XAUUSD . When EUR dropped instantly on swedish CB hiking a quarter percent it must be obvious how small the trust in EUR is. And that is only rational.
ross
Hawaii, United States
Posts: 37
14 years ago
Sep 2, 2010 14:26
I was trying to find Ashraf's prediction of 117 eurusd, I believe it may have been for Q4 - I wonder if this is off the table now?
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Sep 2, 2010 14:14
correct an absolute non event because now upward GDP forecast which is unrealistic anyway is over compensated by inflation , consequence EUR will drop vs USD
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Sep 2, 2010 13:20
The crude idea of Europe decoupling from the global economy is just that, a crude idea.
It would require domestic demand picking up but the recent figures are clear: domestic demand dropped surprisingly.
Eurobund future has already priced in hawkish rhetorics at the press conference , in terms of EUR the conference will be a non-event. But factually ECB has no choice other to continue emergency lending measures for banks into 2011 but it must turn on hawkish tones as inflation rises
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Sep 2, 2010 12:29
EURUSD supported by afresh round of Eurozone data strength, this time from Eurozone Q2 exports surging to their highest since records began in 1995. Awaiting the ECB press conference, EURUSD seen retesting $1.287538% retracement from the $1.3333 high, a break of which will likely target the next key target at $1.2960s.

Ashraf
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Sep 1, 2010 18:29
very little chance for EURUSD above 128 in asian fx trade ... it may even drop 50 pips
but i won't short overnight
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Sep 1, 2010 18:27
I bet no qe ... the previous days I went short XAU on the last hi of intraday and sold with good profit at exactly 8:00 ECT but I won't do it today as no chance looms for FED monetizing USTs.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Sep 1, 2010 18:05
Hatem, 12870 stands as the 38% retracement and a successful breachof it should help take us to 1.2960. We no longer see the trend of rising USD during poor US data because any weak US data augments chances of Fed easing. Now both Goldman and Merrill Lynch/BoA expect full fledged QE (Fed purchasing $500-700 bln) worth of Treasuries from here til year end.

Lifalyon thks for the clarification


Ashraf
Lifaylon
Muscat, Oman
Posted Anonymously
14 years ago
Sep 1, 2010 15:50
Hatem i think he would have meant 1.2880 bcos his earlier reply to a query stated that Euro has to cross 1.2870 b4 ever looking at 1.3000
Hatem
Amman, Jordan
Posts: 7
14 years ago
Sep 1, 2010 15:32
HI ASHRAF
PLEASE I NEED YOUR HELP
WHERE DO YOU THINK EURO IS GOING?
THANKS
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