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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
Stationdealer
London, UK
Posts: 715
15 years ago
May 24, 2010 9:48
Maybe Getting Some Assistance From PBOC Comments.

Chinas central bank chief has said (over Reuters) that the European debt crisis will not change the global recovery following it up with China/US agreed to support European efforts to overcome debt crisis. EUR/USD looks like it is trying to find a base around current levels after tripping stops below 1.2450 earlier on the Spanish general strike talk (and thats all it is at this stage).
Stationdealer
London, UK
Posts: 715
15 years ago
May 24, 2010 9:38
UBS in their morning note say that CME positioning has been a leading indicator for movements in EUR/USD over the last 6 months and by last Tuesday (when the CME report is completed) short Euro positions had been trimmed by 13% from the week before. UBS says this explains/confirms EUR/USD retracement higher over the latter part of last week.
In other pairs, AUD/USD short positions were cut by a whopping 36% and given the moves in the latter part of last week, positioning may have moved to short given the extent of the AUD/USD sell-off. UBS say AUD short positions (through the CME) have rarely lingered for long and although downside risks remain, significant positioning inspired support could now be engaged.
DAHAB
dubai, United Arab Emirates
Posted Anonymously
15 years ago
May 23, 2010 16:50
euro should correct agin for further fall down ie for 1.17 of ashraf laidis area it should go atleast 1.288 will c 2morrow
rrose
United States
Posted Anonymously
15 years ago
May 23, 2010 8:39
rrose
US


April 19, 2010 06:06 ET In Thread: Gold, Oil & Indices (Equity & Bond Indices)

this could happen as early as this year july aug for eur and sep oct for aud and cad

rrose
US


April 19, 2010 05:55 ET In Thread: Gold, Oil & Indices (Equity & Bond Indices)

looking at long term charts monthly
I am seeing aud/usd at .60
euro usd at 1.20
usd cad at 1.30
what do you think?
bojan
Arizona, United States
Posts: 111
15 years ago
May 23, 2010 0:23
if football matches are currency pairs I think that todays game Bayern-Inter would be eur/usd.
Bayern had nothing effective against Inter & his excellence Mr. Milito


b.
catnip
Frankfurt, Germany
Posted Anonymously
15 years ago
May 22, 2010 22:00
Germany needs to raise more debt to fund pensions for retired officials which are the highest in the eurozone ( average 2,500 per month, 13 months paid per year, 2.5 million retired officials and counting gives 81,25 bln Eur per year) ... who bets on survival of EUR? Not me.
catnip
Frankfurt, Germany
Posted Anonymously
15 years ago
May 22, 2010 21:07
Ginger
I do not agree its a particularly good read, it is just a summary of what has been obvious for half-way clearly thinking people when the first rumors of a common currency became public. These folks went unheard.
catnip
Frankfurt, Germany
Posted Anonymously
15 years ago
May 22, 2010 20:24
Karan
I see the obvious co-devaluation of all trade and reserve currencies. Every "sentiment" based TA or EW
signals will fail in this period of global co-devaluation.
samof
Chongqing, China
Posted Anonymously
15 years ago
May 22, 2010 15:54
Mr Ashraf,
how can I see Treasury Yield Curve online such as Germany and American? Thanks!
gino
Posts: 7
15 years ago
May 22, 2010 7:25
"One difference from the price perspective is that the present reversal is even stronger with more momentum than those of 2008 and 2009 reversals. Note that with the ability of the pair to close strongly higher above its earlier broken supports at the 1.2328, 1.2456 and 1.2520 levels, we think the market is telling something. That in the near term EUR should embark on a strong corrective recovery."
http://www.fxtechstrategy.com/index.php?option=com_content&view=article&id=58&Itemid=29