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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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catnip
Frankfurt Germany , Germany
Posted Anonymously
13 years ago
Mar 7, 2011 15:36
you are mad likewise every body on these form
limited
paris, France
Posted Anonymously
13 years ago
Mar 7, 2011 15:35
please catnip no need to talk non sense mind your speech every one has his view
catnip
Germany
Posted Anonymously
13 years ago
Mar 7, 2011 15:33
you are a crazy man stupid idiot
limited
paris, France
Posted Anonymously
13 years ago
Mar 7, 2011 15:32
hi guys long euro now for target 1.52 in coming days
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Mar 7, 2011 15:28
US/Ger 2yr spread is 104.2, up 23.5 bps from last Monday.This is mainly on the basis of the hawkish shift at the European Central Bank. CDS tells another story: 5yr European CDS are higher: Portugal 462.4; Ireland 581.5; Italy 179.5; Greece 935.5; Spain 257.5; Hungary 306.5; Belgium 174, France 90.5. Another different story: ECB still maintains special funding facilities that are well below their 1.0% overnight interest rate and shows up in periphery banks borrowing from the central bank. And national CBs keep on lending as if there is no tomorrow.

So what about 1.41? It is a calculation based on Mar 11. The meeting will decide that the risk of lower growth in Germany, lower economic growth in the periphery is higher than inflation risk.
Until then EUR remains driven by politics only, the belief is that the ECB will act well in advance of the United States on interest rates. That is, at least from economy, an illusion.



bigBaby
Singapore, Singapore
Posts: 21
13 years ago
Mar 7, 2011 15:05
Subbie,

I did short 2 lots at 13975. Hoping to tp on one at 13800 and let the other run. Will cut loss at 14135/50.

I dont expect it to cross 14035 today, but who knows when every monday recently has been sell-dollar days.

I will open my big fat mouth and hazard a guess that the move down in the US session today thus far seems to be an impulse move and not a corrective one. It is always very difficult to catch a market turn but my guess is that it starts here. And I say that only because I am short somewhere around here LOL.
Ignore
United States
Posted Anonymously
13 years ago
Mar 7, 2011 14:55
sub..believe we have seen the dip low and now 42++
subway90
Posted Anonymously
13 years ago
Mar 7, 2011 14:37
bigbaby..

at what levels are you short? and your tp?

i'm still holding my 3970 and 4000 shorts... but i'll be getting off at 3850...
subway90
Posted Anonymously
13 years ago
Mar 7, 2011 14:34
Strategically EUR is in its final days there is no way out. Strategically I am short this pos will be stopped out at 1.41 .

CAT...

good to know you have stops now... but why 1.41? any fundamental reason pointing to 1.41 as your stops? just curious...

gl/gt
bigBaby
Singapore
Posted Anonymously
13 years ago
Mar 7, 2011 14:33
I too suspect that the Euro is attracted to parity in the long run but I wouldnt dare bet my life on it . The Euro is fundamentally flawed in my humble opinion. Not that the USD isnt but the US is capable of fooling the world longer than all the others can. That said, the USD comes in as a distant second to gold. Even that is in the long run.

Well in the short run anything goes and I wish everyone all the best.

I will hold on to my shorts unless 14135 is hit.
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