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

EUR

Discuss EUR in this thread
 
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looser
roma, Italy
Posted Anonymously
14 years ago
Mar 3, 2011 18:52
Reason to at least be cautious of the euro's recent, amplified strength:http://bloom.bg/gmwFtO
Tony G
Posted Anonymously
14 years ago
Mar 3, 2011 18:46
Trichet will not raise rates. It's a bluff. Euro banks are in trouble.
Ignore
United States
Posted Anonymously
14 years ago
Mar 3, 2011 18:38
thanks Ashraf...

Regarding immediate trading zone for euro/usd bias still long...1 hr showing nice pennant
and caveat that short term timeframe but with measuirng in pennant formations finding 1.4047/84
target..
fits with 1 hr rate moving 233 pips away from 1 hr tunnel..
hits next forseeable tp on weekly..
on 4 hr only a down candle o/c under 3921 brings stop/short

so, news may spike, but will 'return to sender' and go figure again...
Shane
Lahore, Pakistan
Posts: 209
14 years ago
Mar 3, 2011 18:27
There are 4 important resistances after 1.40, first is mentioned by Ashraf at 1.43 the other is 1.47 and than 1.51.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Mar 3, 2011 18:11
The ECB did not disappoint euro bulls when it upgraded its 2011 and 2012 inflation forecasts to 2.2% from 1.8%, and to 1.5% from 1.7% respectively. As warned in yesterdays IMT, the ECB has tightened the policy bias by paving the road for a May rate hike (some expect it in April). Whether the Eurozone could handle 25-bps more in rates shall depend on the reaction to peripheral nations bond yields. At a time when equity indices appear increasingly vulnerable to rising oil prices and MidEastern events, a broad sell-off in risk currencies may also bring about the usual reaction of rising bond yields in Portugal, Ireland and Spain. 1.3950-55 is the 200-week MA in EURUSD as well as the trendline resistance from the $1.5160 high thru the $1.428 high.


P.S. I hope the forum is now free from any parasites.

Ashraf
Shane
Pakistan
Posted Anonymously
14 years ago
Mar 3, 2011 18:08
Ok just one logical question i have for all of u euro bears, if euro is so unstable than why countries like turkey are striving to be a part of euro. Do u think they dont have analysts and stuff to tell the prime minister that euro is in trouble. the reality is that today every economy in the world is in trouble besides a few and euro is a big time bull . The rumors spreading about euro are just to make a fool out of all of us so that we can keep on selling it.
Shane
Lahore, Pakistan
Posts: 209
14 years ago
Mar 3, 2011 18:00
talking about makro economy , the capitalist system itself is failing and its not just the banks in europe but also in US , if cat is a real economist the only currencies u can bang on long time are the commodity currencies rest all are and will be in trouble and not just euro . The britishers and USA are surviving by looting the resources of other countries for a long time, shell, british petroleum big oil blah blah blah. The euro zone however is different they have an inherent economy which can be troubled but not fail. Dollar and GBP are the long term bears. The very reason we are seeing the banks diversifying there reserves to gold instead of dollar because dollar is going down big time long term.

Stop fooling the people.
chloethebull
Canada
Posted Anonymously
14 years ago
Mar 3, 2011 17:52
well now that the latest story is over(ecb hakish) mayb we can get back to other deteriating situation..pigs debt issues..nzd possi lowering rates..aud recovery from own acts of nature-pm saying strong aussie weigh on economy.china tightening..fed talking about inflation due to higher fuel..no shortage of possib directions markets can take..ok gl:)
Tony G
Posted Anonymously
14 years ago
Mar 3, 2011 17:31
Great another Catnip convert. You know it makes sense!
chartvuze
salisbury, UK
Posted Anonymously
14 years ago
Mar 3, 2011 17:22
Hi All

Catnip is right the EEC and the Euro zone are falling apart, it only a matter of time
before reality sets in.


Good Luck Out There
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