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

EUR

Discuss EUR in this thread
 
rrose
United States
Posted Anonymously
15 years ago
Apr 26, 2010 21:55
forget EW?
catnip
Frankfurt, Germany
Posted Anonymously
15 years ago
Apr 26, 2010 21:36
Longer term I am pretty sure EUR is doomed ... but I am a swing trader and sometimes daytrader.
Shane
Lahore, Pakistan
Posts: 209
15 years ago
Apr 26, 2010 21:30
catnip
After trichet the point is not if but when and when it happens we will see a nice bounce, euro has been really struck because of greece , it will try to regain 1.4 which i am sure it will fail , but still 1.37 is a medium term target, which i believe it will achieve.
Shane
Lahore, Pakistan
Posts: 209
15 years ago
Apr 26, 2010 21:28
rose
yes i believe so 1.36 and may be 1.37 aswell, anyways a short term euro correction is underway, the day the package is finalised that will be a horrible day for shorts.
catnip
Frankfurt, Germany
Posted Anonymously
15 years ago
Apr 26, 2010 21:24
It seems they slowly get their lesson. Trichet stated , cutting Merkel short, the aid package will be ready right in time, period. After that statement EUR continuously rises vs most majors including GBP.
I have opened a long position EUR/GBP I think EUR/USD will cross 1.34 in Japan FX .... I think if the markets cannot trust Trichet then EUR will be sold off very hard. The Eurozone cannot afford a small talker as ECB president. And I don't believe Trichet is going to cheat the markets this was Merkel's well done job. I am confident EUR/USD will reach beyond 1.36 there is after Trcihet's promise no way back.
Ali 40
south, Lebanon
Posts: 7
15 years ago
Apr 26, 2010 20:21
whtch the US index and the strong up trend rrose , i do not think we will see the levels you mentioned soon , it was good to me today to short it at 1.3380 , and another short for the DOW
rrose
United States
Posted Anonymously
15 years ago
Apr 26, 2010 19:56
euro dollar is forming into a zig zag correction wave a up in 5 pattern if wave c moves up =to wave a we might be looking at 136
said
France
Posted Anonymously
15 years ago
Apr 26, 2010 16:48
when hedges fund manager will decide to cut their futures position on the eurodollars market we r gonna experince interesting move that will provide a clear trend;
i dont undersestimate the forces in presence but most corporation needs more time to get out of their 2007 position and this is come from the special purpose vehicule involved in multi asset segment such as rmbs cmbs

we r not out of the hood yet... or wood

up to you new york
catnip
Frankfurt, Germany
Posted Anonymously
15 years ago
Apr 26, 2010 15:46
Well Greece needs to attend some kind of institution for retarded children ... head of teaching Merkel
also head of PTA says your lessons are not done... btw Germany spends more per capita for overpaid civil servants than greece ever did...

April 26 (Bloomberg) -- German Chancellor Angela Merkel said she wont release funds for a Greek rescue until the country shows its got a sustainable plan to cut its budget deficit and a final decision may be in a few days.

Greek bonds plunged today as Germany delays approval of a $60 billion rescue plan that would be co-financed by the euro region and the International Monetary Fund. The extra yield that investors demand to hold Greek 10-year debt over German bunds rose 65 basis points to 625 basis points.

Merkel, speaking to reporters in Berlin, said there would be no decision on aid for Greece until the International Monetary Fund works out a plan of cuts with Greek government. She said Germany would assist Greece only after it agrees to take tough measures for the next several years.
catnip
Frankfurt, Germany
Posted Anonymously
15 years ago
Apr 26, 2010 15:04
Sec of finance stated german embursement will be done before May 19 .... but he cannot as parliamental approval is required.