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Thread: EurAnalysis

  1. #11
    Quote Originally Posted by ;
    Equities have already loss back it's year's profit. We are back at beginning the start of year. In few weeks, EU will tank to 1.28-1.31, and we ought to see some professional service there holding for the remainder of the year.
    Thanks for donating your views PipPipPip.
    Awaiting your continued contributions to this thread.

    Peace

  2. #12
    Quote Originally Posted by ;
    .. .The rhetoric against the Euro, has come in the British and the Americans.
    Can you expect anything less from them? LOL

    Cheers mate

  3. #13
    I am off to find some sleep. I Would like to be awake for the European markets

  4. #14
    ECB's Nowotny states ECB interest rate reductions can't be excluded.
    Source: http://talking-forex.com/headlines/86706

  5. #15
    Concur with you PT because 133.80 level should be the institutional order place.
    Was suprised the 1.3400 level was breached this morning.
    If selling remains agressive the instituitions would pull orders, leaving central banks along with the likes the last support for the 1.3500 level.

    It seems that an as of yet unapproved 1.75 trillion bailout isn't sufficient to bolster confidence.

    We may be visiting bailout fatigue as to effectiveness of coverage and the perception of lower interest rates to come. Who'll remain around for more of the disfunction we've observed in recent weeks.

    After each of the denials, the dimensions of this proposed bailouts speaks a lot for the lack of a better egy.

  6. #16
    Price has pierced last Thursday's 1.3383 reduced this morning but was quickly rejected from the formerly mentioned powerful service (Demand) under this area.

    I am searching for a possible bounce back up where I anticipate some resistance (Give) to kick in at about the 1.3445 region and following a little pullback to 1.34, a further advance up to the 1.3485/95 region.

    Update: The initial move up and pullback were much shallower than anticipated but the bigger movement remains in play.

    Update: Uploaded new chart showing current price.

  7. #17
    Quote Originally Posted by ;
    agree with you PT as that 133.80 level should be the institutional order area.
    Was suprised the 1.3400 amount was breached this afternoon.
    If selling remains agressive that the instituitions would pull orders, leaving central banks and the enjoys the last support for your 1.3500 level...
    Either way you cut it, even when the ? 2 Trillion egy is accepted and the risk banks are ring-fenced, the Euro will still take a hit. Why? Since the ECB will still have to reduce rates and begin buying unstertilized periphery bonds. That amounts to raising the ECB's balance sheet; ergo easing.

  8. #18
    I think another dynamic has to be included. That's the USD. Last week looked like the Euro was bearish. However, not really. It moved against the Canadian dollar. And pretty against the pound. It is the USD that is surging. The Euro didn't fall below 1.35. It had been the USD that broke through the 1.35 barrier.

    This may seem too basic, but most of the times I lose money on the Euro, it is because I focus on the Euro and forget that the other half of the cross, the USD, is a volatile currency.

  9. #19
    Quote Originally Posted by ;
    I think another important dynamic needs to be included. That's the USD. Last week looked like the Euro was bearish. But not really. It went up against the dollar. And pretty much steady against the pound. It is the USD that is currently surging. The Euro did not fall under 1.35. It was the USD that broke through the 1.35 barrier.

    This may seem too basic, but most of the times I lose money on the Euro, it is because I concentrate on the Euro and overlook that the other half of this cross, the USD, is a volatile currency.
    Yes, you are correct. However, using the same argument, I could say that it was not the USD that was gaining strength but also the CAD that was losing due to a freefall in commodity prices, due to slow growth or no growth expectations due to the continuing debt crisis in europe which caused the Euro and the Sterling to eliminate value against the USD and the JPY. LOL

    All together now... and also the head bone is connected to the neck bone, and the neck bone is on the breast bone, and the breast bone is connected to the back bone, etc etc

    Cheers

  10. #20
    When I go offline it is because I've lost electricity and Web as we are currently experiencing a monsoon type rainstorm. At the last 10 minutes we'd got at least 2 inches of rain and its still coming down.

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