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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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subway90
Posts: 1078
13 years ago
Apr 8, 2011 4:41
short Euro 4400 tp 4330..
subway90
Posts: 1078
13 years ago
Apr 8, 2011 4:13
Euro breaking higher...

targetting 4400 level initially... where i expect some pullback...

as long as 4300 level holds... see extension to 4450/70 level if not this week... early part of next week...

gl/gt
Nor
Lemberg, Canada
Posts: 249
13 years ago
Apr 8, 2011 1:00
boring day tomorrow? nothing on calendar ....
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 8, 2011 0:07
Jobless claims after revision were in fact net worse than forecast by 1K as apposed to better than forecast by 3K due to the higher revision. Mkt seldom looks at revision. OK splitting hairs here but you get my point. Sometimes the revisions are very significant. What looks like good picture can be an illusion.
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Apr 7, 2011 23:21
No “vigilance” from Trichet and a strong aftershock in Japan ended a six-day winning streak in EUR/USD and triggered a yen rebound. The commodity rally and whippy price action in AUD/USD will be the focus in Asia.

EUR/USD initially fell after Trichet said THURSDAY's RATE HIKE wasn't necessarily the “first of a series” and held off using the code word “strong vigilance” – which indicates a further imminent rate hike. The euro's decline following the press conference was short-lived, however, and EUR/USD ended the day only fractionally lower. The price action points to a continued appetite to accumulate euros. The market is priced for two quarter-point hikes by year end and a high probability of a third hike.

A 7.1 MAGNITUDE EARTHQUAKE struck Northeastern Japan at around midnight local time. A knee-jerk round of risk aversion sparked a yen rally but there have been no reports of large-scale damage or problems at nuclear installations. A clearer picture will emerge as the sun rises.

Last-minute meetings to avoid a U.S. GOVT SHUTDOWN on Friday appear futile but with in Washington there is always a chance of a deal. The market still doesn't care as most anticipate that any shutdown will be short-lived. Jobless claims were at 382k compared to 385k expected.


By AB - AshrafLaidi.com Staff

Ashraf
lucky
ibadan, Nigeria
Posts: 377
13 years ago
Apr 7, 2011 22:55
the market will be down little bit
chloethebull
halifax, Canada
Posts: 1183
13 years ago
Apr 7, 2011 22:45
any thoughts on going into asian session with recent earth quake looming???thanks gl/gt:)
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Apr 7, 2011 21:48
They will need more oil more LNG . It is confirmed anothe nuke plant north of Fukushima is down thus they need oil for generators - I think however the demand is overestimated there are not enough generators to make some 1000 mega watts they lack now.
lucky
ibadan, Nigeria
Posts: 377
13 years ago
Apr 7, 2011 21:43
catnip what your idea on oil after japan news
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Apr 7, 2011 21:33
Trichet ECB a perfect non event. But there are news another Jpan nuke out of control. That could move fx if true. I'll stay short on all Portuguese Spanish banks Spanish cajas and some german banks.
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