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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
the renewal of FX swap lines is routine and not as a result of Eurozone banks calling for overstocking
Ashraf
The swaps are extended with BOE, too. Now what happened.... cable.
Imho ECB BOE must soon take steps to devalue but how?
Does ECB want dollars from Dr.Ben? That is to be more indebted in USD?
Dunno but I smell a trick here.
what is guts, my trade? not in my estimation although I could be tripping often....with my long at 12960 to start.. it retreated and I added down not many pip levels until it close 2912 friday...so not much risk there as was confident of long euro..then it gapped down sunday...like xmas and I added back long at 12890...this gap return in itself brought the trade back near even early...so from there was a procession north as outlined..
seemed righteous.....and have added 3055......so stop 3055 on total..
of course all natural organic fuel applied for good health
while Chavez, Castro, Obama go uncontested..
long 2960..added 1.2935,2905, 2890 bought gap...
at first resistance now....2995 stop now..
add at 3050 on to 3144...current 3038
was a few days early