Braver than I am, I want to go short, but I think I will sit on the sidelines and wait for a better signal.
Good luck!
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I've just gone short GBP.USD . Will wait on signals to do the same with EUR/USD, or use as a hedge if the trade should go against me.
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rgds Zarif
damn, the markets are ultra volatile tonight!!
SPIEGEL: As an investor, would you still bet on the euro?
Soros: I certainly would not short the euro because China has an interest in having an alternative to the dollar. You can count on China to back the efforts of the European authorities to maintain the euro.
SPIEGEL: Is that the reason why the euro is still so strong compared to the dollar?
Soros: Yes. There is a mysterious buyer that keeps propping up the euro.
SPIEGEL: And it is not you.
Soros: It is not me (laughs).
Am short Eur @ 1.4120. Looking at 1.4000
Not too often one hops a 250 pip ride moments before the bus takes off.
Attachment 4636
The situation did become very oversold though, which accounts for such a snap back.
After USD I believe EURO will have their day in the long run.
I am bullish on EURO in the long run and it will shine like AUD and NZD. Next 18 months is very crucial for EURO, AUD, NZD and emerging market currencies.
EURO and emerging market currencies will appreciate against NZD, AUD in the medium run.
My ideas are not a recommendation to either buy or sell any security or currency. Please do your own research prior to making any investment decisions.