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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
chloethebull
Canada
Posted Anonymously
12 years ago
Oct 30, 2010 22:53
@forum...what if the fed buys its way outta its problems...keeps on printing money til it solves its problems an actually gets itself in positive territory,what if the markets decide that qe 2-3-4..ect..is good for the usd on the premise that the fed is just going to keep on printing til its problems are solved an they get the results they desired,does the fed have that ability to print soo much money or are they running outta time(options)?im not sure how powerful ben an the boys are,but im sure they must carry a fair bit of influence still an im sure ben is no idiot(may im nieve)an im sure they must have a plan or can they reallly be flying by the seat of they pants..lol?ashraf do u think the usd is doomed or do u beleive they will eventually turn things around?ok gl this week guys:)
catnip
Frankfurt, Germany
Posted Anonymously
12 years ago
Oct 30, 2010 21:58
This is very difficult to find the short entry. I assume if the election comes as expected and QE within expected range or a bit below the entry is 140 but I do expect wild swings. Only for very experienced traders.
Gunjack
London, UK
Posts: 1184
12 years ago
Oct 30, 2010 21:14
Hey Cat what do you see as upper resistance on eurusd
catnip
Frankfurt, Germany
Posted Anonymously
12 years ago
Oct 30, 2010 18:46
for what ?
Imo one of the very best fx trades is EURUSD short ( EURGBP short was a good trade )
if after whatever QE announcement big profit taking starts ... USD shots up and EUR shoots down. Technically EUR was weak only USDx was weaker. This may not mark a general trend reversal but a 300 pip profit on daytrading. Btw supreme court has permitted lawsuit vs. Merkel
plans of a 700 bln bailout reserve program.
Imagine reaction USD if after holidays sales fall 2.4% ? And EUR doesn't move on such dramatic
news from German economy? Believe me it will react.
Konings
Belgium
Posted Anonymously
12 years ago
Oct 30, 2010 18:08
http://stockcharts.com/h-sc/ui?s=FXE&p=60&yr=0&mn=2&dy=0&id=p72185085577&a=210213967&listNum=13

Watch the chart and wait
Konings
tongeren, Belgium
Posts: 2
12 years ago
Oct 30, 2010 17:27
http://stockcharts.com/c-sc/sc?s=FXE&p=60&yr=0&mn=2&dy=0&i=p72185085577&a=210213967&r=5316

Look the chart and wait
Frog
Paris, France
Posts: 28
12 years ago
Oct 30, 2010 13:12
I agree with you catnip
Gunjack
London, UK
Posts: 1184
12 years ago
Oct 29, 2010 20:01
@Ignore yes blud u gwan enjoyyy a nice fat dutchie dis wkend
said
mulhouse, France
Posts: 2822
12 years ago
Oct 29, 2010 16:12
true but patience is a virtue
3rd quarter 11
catnip
Frankfurt, Germany
Posted Anonymously
12 years ago
Oct 29, 2010 15:43
with all those negative bias towards USD and positive towards EUR do consider at any rate German retail sales m/m CRashed (!) - 2.3% actually it is -2.4% for september. This is very unusual as Sept is traditionally a strong month for retail ( August end of school holidays ) .
Fact is German unemployment drop is mainly based on demography not on economy.
I advise to be very careful with EUR long as the economy in EZ is even worse than in Germany,
much worse. PIIGS will return in focus at any time+ France.