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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
But there are currency ETFs in the UK via Ishares
Yen vs USD (JYN)
GBP vs USD (GBB)
EUR USD (ERO)
Ashraf
"for an ETF betting against the EURUSD, here is EUO.
EUO is 200% INVERSE EURUSD.
Look at the chart.
It behaves like a stock. There is no margin involved"
That is for US investors.
If you are trading in the UK, you need to hedge of the currency risk.
US banks in big trouble.
on less relevant note.. not sure about AL's euro long call here.. personally playing consolidation and not the break.. but if it breaks it will go a long way.. tight stop rule, OK!
US to take us in the green. Im buying euros targeting 1.3420s. $ES partly hit targets. US crude play in the black on its way to targets.
But EURUSD needs to close the day ABOVE 13470s to extend rally. still, will see 1.3420-40s
Ashraf
imo the threads are well chosen and serve most communication. However the proverbial
stepchild of technically orienteds - or chart astrologers , i.e. believers in free markets - is
rates. Bond rates , rate spreads, LIBOR, LIBOR OIS spreads, CDS prices, TED spread,...and in Euro EONIA EURIBOR.
These are far more important imo than "sentiment". Sentiment does over- and undershoots, ut the direction is given by money markets, there is no sentiment involved. Nor is there any
supply- demand dependency.