That you do;) ,to busy watching FX ay[8D],see if we keep going south on this one?.
Cheers
Miner
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That you do;) ,to busy watching FX ay[8D],see if we keep going south on this one?.
Cheers
Miner
Here's a fundamental for you to sell EUR strength on[^][^]
XerofQuote:
quote:Seems Germany is about to admit that it is going to break the deficit rule imposed by the EU for the next three years. In Eichel's own words, "The state of Germany's finances is dramatic".
Morning All
So the figure I mentioned on 10.6 may not be
out of the question.
10.6 An eventual move south may even see a continuation
to a full grown Butterfly, and if that were to be the
case then circa 1150 is not out of the question in the
longer term.
Interesting to see the EUR has risen but the GBP
suffered a nasty fall.
Xerof fill me in with the fundamental reasons behind
that imbalance if you can?
Thanks
arco
Ahem, well from what I'm hearing there's a battle of the Titans going on in EUR, with rumored heavy defence of 1.20 from a certain party based in Omaha. Clearly their largest USD short position is against EUR, hence the other pairings are making the moves in the right direction but EUR is lagging. Looking for it to play catchup.....eventually
CAD is running with the USD rather than the high yielders for a change, but thats the Loonie for you
Xerof
Thank you kind sir for that very prompt
and knowledgeable reply.
Arco, you could give Warren a ring to confirm that:D:D
I thought eventually would take longer... but quite glad that it didntQuote:
quote:Originally posted by Xerof
EUR is lagging. Looking for it to play catchup.....eventually
Xerof
A very nice ride down... :D I closed flat for the weekend by 3am our time , and hit the clubs heheh.
It will be interesting to see if there will be a few hundred point correction at some stage. Do have to be wary for it I think. Far off targets such as parity are now getting mentioned more frequently tho.
Yes I took my short Eur/USD positions back in early 1.20's, it bounced a bit but didn't resell, only to see it collapsed in the last few hours of the week, when I was far from clubbing Peat:(:(.
The main man over on the other channel seems to have it all under control.
I personally think its now a sell at 1.2000/1.2050 if seen, for a real go at seeing if they can 'bottle' the man from Omaha now. 1.1665 is the holy grail I believe and it may be seen rather quickly. Then you might get the 400/500 pip bounce, maybe even back up as high as 1.27, then hard down to 110/111, before a nice long rally to 1.40/1.50 on a 12 month horizon. (fundamentals will surely have some say in this eventually)
But thats for the future - need to get short again and take it 100 pips at a time.[8D][8D]
Xerof
I just talked to his Mum and she says he'sQuote:
quote:Xerof - Arco, you could give Warren a ring to confirm that
very upset about something you said about
a dollar bill ( perhaps she said dollar
bull? - that Omaha drawl is very difficult
to understand).
Apparantly his Weetbix got all soggy from him
crying over breakfast. Sounded like shes said
he's run right out of issues.......
perhaps that should be tissues :D
I've suggested she should get him a book on
Butterflies and Bats for Christmas.
Hehe,
Perhaps she should buy him some USD for Christmas:D:D
GBP may be taking the EUR with it
As in north slam?.
imo yep:)
Hope so as gone long for a trade in part because EUR/JPY is looking good for north.
Going against the flow but managed to squeeze
30 pips out of a long trade last night btw 4-8pm.....
However, scaling in a few shorts at the moment.
Tight stop.