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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
Beyond the current flow of events, what do you think of the announced plans to extend the debts of european peripheral governments (Greece and Ireland, so far) for 30 years ?
Can Germany afford it?
If it is true, will the bund rates shot up thru the roof? Look at 2 year yeild marching up in the non stop fashion. The Bund - 2YR US Note differential will only increase. The real money and ACBs have been buying euros on the back of short term rates expectations, simple and plain.
This seems to be the driver behind the current move into the Spring. Will we see 1.40 by March?
Please respond
"eh montmorecy
what indigo meter?"
@Said:
I don't know why you say "indigo meter".
Catnip has referred to a strength meter several times, a currency strength meter obviously. I know there are several around, some free, some chargeable.
Anyway, I have now done some reading around the subject, and I see that it is used in a slightly more subtle way than I had imagined, and of course, in conjunction with other information.
Catnip didn't reply (or I didn't see his reply). Maybe he didn't see my question, or perhaps prefers not to talk about it. Fair enough.
I am glad I have missed the Fundamentals vs. Technicals arguments. I won't be joining them.
I would add though, that there is another factor, namely "Sentiment", which might be regarded as part of Fundamentals, not that it really matters what you call it, but it is important in trading I think. Ashraf is talking about this all the time, although he may not necessarily call it by that name every time.
I hope everyone had a good week, and has a good one next week.
On longer term China rate hike will bring commodities down , no rate hike necessary for ECB
BoE..FED , stocks will raise and USDx will fall so next target 138 is likely .
eurusd to 1.40? so is it strong buy aggressive at current levels?
At least for 2 months.
The riots will not spread to Arabian oil thus Iran has time to finish its A bombs.
Will not spread to Lybia either.
not THIS time
but had to take it..usd/chf now 30 so pips down but also have sht euro starting to produce...so have two trades on same
wing..need to balance but thinking buck strength follow thru big possibilty..
so will let ride..long $ not bad over w/e