i see eurusd and gbpusd big bulls for the moment Anticipated rise in rates being the reason.As Boe third member joins the bull camp to raise rates according to BOE member sentance Has raised hopes for BOE to raise rates in may.If that ultimately happens as expected it wont be the only rates rise that BOE will do so as always expectations is always greater than the thing itself i expect Gu to reach 1.70 handle atleast and if BOE actually start to raise we will reach near 2.00 figure if raising rates does not reduce GDP .Same is the case with ECB one of dove members raises market expectations with rate rising comments which may be seen as shifting bias in ECB as well Trichet recent rhetoric of Inflation fits in picture of rates rise soon. So i believe euro and sterling are raging bulls .Euros up movement will be slower than the sterling becoz of few weak european economies.euro is expected to have hickups to reach 1.50 figure .This all scenario should play out in 2011 till half of 2012. That should be time for fed to raise rates and then gold should start to fall and take euro and sterling down and dollar to reign for a year.MIND IT these possible scenarios have a lot of uncertain parts and any weak GDP will halt the rates rise cycles or central banks may decide to wait more or greece may default etc. any of the above will twist the picture as i see. This is one of scenarios that may play out ..
- Post #391,402
- Quote
- Feb 21, 2011 1:48am Feb 21, 2011 1:48am
- | Joined Aug 2010 | Status: A M S | 1,019 Posts
finding A M S
- Post #391,403
- Quote
- Feb 21, 2011 1:52am Feb 21, 2011 1:52am
- | Membership Revoked | Joined Sep 2009 | 1,581 Posts
Ambition
- Post #391,404
- Quote
- Feb 21, 2011 1:56am Feb 21, 2011 1:56am
- Joined Dec 2010 | Status: Foook Bollinger-dr.Kegel knows! | 9,743 Posts
- Post #391,405
- Quote
- Feb 21, 2011 1:58am Feb 21, 2011 1:58am
- Joined Jan 2010 | Status: Member | 11,001 Posts
- Post #391,408
- Quote
- Feb 21, 2011 2:05am Feb 21, 2011 2:05am
- Joined Aug 2009 | Status: Ride the Pig | 31,178 Posts
Look Sharp/Trade Tight
- Post #391,409
- Quote
- Feb 21, 2011 2:05am Feb 21, 2011 2:05am
- | Membership Revoked | Joined Sep 2009 | 1,581 Posts
Ambition
- Post #391,411
- Quote
- Feb 21, 2011 2:08am Feb 21, 2011 2:08am
- Joined Aug 2009 | Status: Ride the Pig | 31,178 Posts
Look Sharp/Trade Tight
- Post #391,412
- Quote
- Feb 21, 2011 2:08am Feb 21, 2011 2:08am
- | Membership Revoked | Joined Sep 2009 | 1,581 Posts
Ambition
- Post #391,413
- Quote
- Feb 21, 2011 2:09am Feb 21, 2011 2:09am
- | Joined Aug 2010 | Status: Member | 1,133 Posts
- Post #391,414
- Quote
- Feb 21, 2011 2:10am Feb 21, 2011 2:10am
- | Joined Jan 2009 | Status: Member | 3,071 Posts
- Post #391,415
- Quote
- Feb 21, 2011 2:10am Feb 21, 2011 2:10am
- Joined Oct 2008 | Status: sideline is a position | 97,848 Posts
those who can, do. those who cant, talk about those who can
- Post #391,416
- Quote
- Feb 21, 2011 2:10am Feb 21, 2011 2:10am
- | Joined Sep 2010 | Status: Member | 249 Posts
- Post #391,417
- Quote
- Feb 21, 2011 2:10am Feb 21, 2011 2:10am
- | Joined Jan 2009 | Status: Member | 3,071 Posts
- Post #391,418
- Quote
- Feb 21, 2011 2:11am Feb 21, 2011 2:11am
US Dollar is trash... Get out of that Ponzi scheme !!!
- Post #391,419
- Quote
- Feb 21, 2011 2:11am Feb 21, 2011 2:11am
- Joined Aug 2009 | Status: Just trade it! | 1,230 Posts
Money is made by sitting, not trading. Jesse L. Livermore
- Post #391,420
- Quote
- Feb 21, 2011 2:11am Feb 21, 2011 2:11am
- | Membership Revoked | Joined Sep 2009 | 1,581 Posts
Ambition