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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
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.
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.
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.
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
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.