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by Ashraf Laidi
Posted: Jan 5, 2010 18:55
Comments: 279
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More Euro Losses Ahead

More losses in the euro are seen ahead despite rallying oil prices.
 
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chloethebull
Posted Anonymously
15 years ago
Jan 18, 2010 20:50
YUP, scary looking chart but i think we need so neg- data outta the uk an eurozones to get these 2 pairs to fall back...an i doubt were gonna get it, seams to be pos+,glad i closed my short eurusd last night...gl
PippedOff
Canada
Posted Anonymously
15 years ago
Jan 18, 2010 20:20
Jamshed, tell us when ECB going to raise rates...
jamshed
Pakistan
Posted Anonymously
15 years ago
Jan 18, 2010 20:06

forgot to add the chart in the post below.....

EURUSD is slowly moving up guys

euro is a buying opportunity...

Euro short contracts reduced by 15000 last week. lets see if there is more or less net shorts by this friday

i do not see a US rate increase this year since it will kill the housing recovery.....

good luck to the euro shorts..... i am long

btw.. Ashraf, what is your Q4 target for Euro? above 1.5 or below 1.30?
I am convinced if US raises rates, it will get a double dip recession, and if it does not rate raises, the Dollar would go down.......

Essentially, I think the currencies are reverting to the pattern from 2006 to mid 2008 due to monetary policy of the US. Although Euro is lagging right now, it will catch up relative to the aussie, br real etc.

theoratical question....... do you think if greece needed financial help, would it go to the eurozone economies or to IMF? I would think it would be IMF rescue if and when needed and that should be it. So, why the massive fear factor for greece? this i fail to understand.....what do u think?

jamshed
jamshed
Pakistan
Posts: 57
15 years ago
Jan 18, 2010 19:58

slowly moving up guys.............

euro is a buying opportunity...

Euro short contracts reduced by 15000 last week. lets see if there is more or less net shorts by this friday

i do not see a US rate increase this year since it will kill the housing recovery.....

good luck to the euro shorts..... i am long
mabedi
mashhad, Iran
Posts: 29
15 years ago
Jan 18, 2010 15:25
Hi ashraf ,
I think breakout of Gbp is false...
Time to Sell in GBP/USD with target 1.61 ??
PippedOff
Canada
Posted Anonymously
15 years ago
Jan 18, 2010 9:13
But now the Cable Cartel knows they have two full European trading sessions to run Cable rampant to the upside before a liquid U.S. session opens not 'til Tuesday.

How low can the Cable Cartel take eur/gbp in their pimping of support for their beloved Cable trash?

Let's see: euro outflows, MA activity, UK economy allegedly leading the world in a turnaround (laughable), and the threat of BOE eliminating QE. Doesn't ebery vountry pimp the same stuff BoE been spewing regarding QE?
PippedOff
Canada
Posted Anonymously
15 years ago
Jan 18, 2010 9:09
Everytime euro about to break lower, the Cable Cartel temporariloy hits the bid on eur/gbp to support euro. Once they stabilize euro, the Cartel then gets back on the eur/gbp offer in order to blast their beloved cable through resistance.

Same trading pattern as all of last week except the Friday session in U.S. Since then, Cable up 80 pips as euro DOWN 13 pips, Aussie flat in the same period.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jan 17, 2010 18:06
tasha, im afraid i do not follow the EURTRL rate and if i did i would tell you that a 2-4 day time frame does not make a difference for a pair involving such a higher yielding currency. id say EURTRL looks like to test 2.04, while USDTRL may have found support at 1.401

Ashraf
mabedi
mashhad, Iran
Posts: 29
15 years ago
Jan 16, 2010 15:45
Hi ashraf ,
I Short Eur/usd And My target is 1.4299 first
tasha
dublin, Ireland
Posts: 4
15 years ago
Jan 16, 2010 14:13
Hi Ashraf, i have a question relating EUR/TL (new turkish lira), its getting closer to 1EUR=2TL i will need to transfer large sum into turkish lira next week and am not sure if i shall do it early in the week or wait for a few days. Eur is rapidly falling but candles are showing short re bounce (im hoping to 2.2or at least 2.15 TL ) it would make a huge difference to my account, but i need to transfer money pretty soon. Could you please give me some advice on it, also on USD/TL . Im stuck- don't know what to do....Turkish lira seems to be regaining its grounds. Thank you.
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