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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
Apart from those dastardly hedge funds that is. Euro zone exporters thats who.
Comments from the CFO of EADS (European Aeronautic Defence and Space Company) have been hitting the wires. Blimey, must be a slow news day.
To benefit in coming years if euro-dollar exchage rate stays at current level
Sees the euro as fairly valued at $1.20 in the longer term
Will not use euro weakness to launch price war with Boeing Co (sometimes you just gotta smile)
Trichet on newswire: Euro Not In Danger; No Comment On Intervention:Press
FRANKFURT (MNI) The euro is a credible currency and not in
danger, ECB President Jean-Claude Trichet said in an interview with
Germanys Frankfurter Allgemeine Zeitung released Friday.
The euro is a credible currency whose inflation rate has been
below 2% for more than eleven years, Trichet said. The euro is not in
danger.
Asked about recent forex intervention rumors after the single
currencys sharp decline, Trichet said: I never comment on
interventions.
The banks recent moves to purchase government bonds does not
represent a change in the banks monetary policy stance, he said,
assuring that it would drain the additional liquidity that it has
channeled into the financial system through the bond buys.
We have full freedom of action and will never shy away from
observing our responsibility to preserve medium-term price stability,
also under difficult circumstances, he said.
The central bank is not letting governments or any other groups
pressure it into acting a certain way, the ECB president said.
MORE
Frankfurt bureau; +49-69-720142; frankfurt@marketnews.com
Spoil sport!
Euro is a credible currency
Euro is not in danger (leave Angela alone!!)
EUR/USD holding up so far today, presently at 1.2570. Picking up little or nothing in way of bulk order levels. Unless US stockmarkets suddenly convulse into action we could be in for a fairly quiet afternoon. Or is that just wishful thinking on my part? Summertime and the living is easy, fish are jumping and the cotton is high.
EUR/JPY up at 113.10, alls right with the world. Well at least until it isnt
Expecting close of Europe may throw another one of those long candles. I hate it when I clueless
Vix also side lining from a higher open, gold rebounded a bit, copper also higer dow just holding its head over 10000
(Variation on a very old joke :-) ).
Magic Ball: Fuck Knows.
someone, drop a shoe or stone, flip a coin, kiss the wabbit foot, eat peanuts
i dont like this calm before the close of the week
expiries looming over
somebody start taking profits
kill a monkey or something.
wtf wtf wtf .............. :)
thanks for ur response..
I am sure u know about Elliot wawes..My count on h4 shows me the most clear correction at the moment..that corr. is the 4th wawe...so the last 5th wawe is about to start the show..
Nothing is FOR SURE...but I believe it can still go under 1,20..my risk is pretty wide but the risk/reward racio is acceptable