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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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Ashraf Laidi
London, UK
Posts: 0
14 years ago
Jul 29, 2010 14:10
talks of SNB selling $EURCHF; closing out of those interventions after having bought at mugh higher levels above 1.40

Hence USDCHF is falling the hardest


Ashraf
jamshed
Pakistan
Posts: 57
14 years ago
Jul 29, 2010 12:40
Happens with everybody

Price move against your assumed direction
I clutch on all kinds of narratives and hunches
MR X said so and so - the Fed or the ECB did this or that - libor / euribor / moody's / Goldman

Yada Yada Yada

Look at the price movement
Thats what is happening

Ask Why

Simple - US slowing down, Europe improving
Economic slow down or ramp up does not reverse in one day - it takes months

US slowdown will continue for atleast few months - consequently Dollar will correct

Similar to the Euro issue with Greece - surface in early november and went out of discussion in July
It was stupid of me to consider in january that the greece issue will be resolved soon

Like wise, it is silly to assume that the US slowdown will end tomorrow

Sit back - watch the dollar correct
dont loose money

Relax
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Jul 29, 2010 12:16
if the old covariance EURCHF holds...EUR is doomed dn't trust 5 hour charts EUR fell 100 pips vs CHF in almost 2 hours
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Jul 29, 2010 11:18
its never random...very low liquidity and a few big orders
Mike.c
Florida, United States
Posts: 5
14 years ago
Jul 29, 2010 10:58
The movement in the FX market is random and no one can predict it Euro now at 1.3070 it might go all the way to 1.56 or maybe to 1.17. How knows? No one.

Trading Forex is a form of gambling which always end in tears
Passion Trader
Singapore, Singapore
Posts: 52
14 years ago
Jul 29, 2010 9:32
Is the current trend artificial ? why is it moving up ?
Passion Trader
Singapore, Singapore
Posts: 52
14 years ago
Jul 29, 2010 9:21
EUR/USD has broken 1.3040 resistance level. :(
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Jul 29, 2010 8:02
Euribor not in favor of EUR will enter EURUSD short @ 13040
Lifaylon
Muscat, Oman
Posted Anonymously
14 years ago
Jul 29, 2010 4:00
@Sub
i remember Asharaf clearly stating downside in EUR in Q4
sub
UK
Posted Anonymously
14 years ago
Jul 28, 2010 21:51
ashraf,
little confused given you are now saying euro has 60% chance of euro dollar hitting 1.3130 before end of august. does this negate your call for 1.17 by end of Q3 / early Q4?
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