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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
only close below 4090/4100 level would neutralize my bullsih bias....
whatever we say, digi takes opposite.
euro hit 55 n of tunnel
wasup subz?
good trades.... i also made some pipos by shorting Euro...
digi might not be in good mood when he wakes up.... :)
have to see if 4150/60 will hold...
Trade:
euro/usd L 4085 closed @ 4200 +.115......
usd/chf sh 9188 closed +43 @9145
ay L hold
it's been awhile since you last visited this thread...
you sound a bit confused and unsure... :)
surprised to see Euro at current level?
still holding your shorts?
Ezone Flash March CPI jumped to 2.6% from 2.4% vs exp 2.3% justifying the latest hawkish talk from the ECB. EURUSD was already rallying before the data when after ECB board member Lorenzo Bini Smaghi said the bank should introduce series of gradual rates hikes in the Ezone.
One of the reasons markets ignored last nights comments from Kansas Feds Hoenig that the Fed indicating the Fed needed to get on with tightening current ultra loose policy is that i) Hoenig is NOT a voter at this years FOMC and ii) Hoenig was the ONLY consistent hawkish dissenter throughout all of last year, therefore, his demands for tightening are NEITHER new or effective. And so that is why I quipped earlier today that ONE Hawkish ECB comments was nearly worth THREE times the impact of Hawkish Fed comments? 2 days ago I emphasized EURUSD would remain supported above the Feb 14 trendline support of 1.3980. Now resistance emerges at 1.4255.
Ashraf