EUR

catnip silver will crash soon

keep away from euro my friend its better to short then long now adays wait for good price to sell my advice and good luck

Shanghai sitting at 2550 and Euro at 1.23 seems quite familiar - a replay of fall 2008
what is different is the strength of the dollar and commodites

Since last december, dollar has benefitted from the US growth prospects and recently due to rise averse enivoronment from greece - eurozone

In summer of 08, Eurozone and rest of the world were asusmed safe from the US slowdown and the throery in vogue was deleraging. Right now, there is a similar concept - that the US economy will grow at 4+ percent while eurozone, china can go slow.

Considering past experience, it is logical to assume that slow down in China - eurozone will cause a slow down in the US. This should appear in GDP numbers and rise in unemployment and subsequently in long term yield increase.

At some point of time the Dollar will meet its fate of a sharp correction.
But for now, the Euro must suffer.

It is quite funny that only a handfull of fx forecasters were prpedicting euro below 1.30 at new year and now the whole bandwagon is calling for parity and lower.

Right now - all eyes on china -- will shanghai go below 1800?

the way it is going we could be below 1.20 before the end of the week or even 1.18 - something fundamentally has to change before Euro reverses 500 pips - maybe another trillion dollar support package !

I think 1.28 is a reasonable target and very probable before going lower. Looking at the monthly chart I can't imagine big sellers going short right here before a retracement.