How will the EUR ever make the turn?

How will the EUR ever make the turn?

From oanda.com

It’s virtually a month and a half until the ‘turn,’ or the New Year to most of us. As traders, we should expect Euro growth concerns, the fiscal cliff and Greece or Spain to dominate the reasons for most of our trading strategies. Until now, the past two months had been influenced by specific carry strategies, directed by core G10 policy makers. Long cheap EM position taking is now beginning to struggle as an outright strategy. How so? Due to the Central Bank policy of racing to weaken their own currency values the market should expect traders to shy away or close out most of the remaining carry positions. ... (full story)

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Comment #1
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Nov 9, 2012 7:40pm Nov 9, 2012 7:40pm

Loadedgun
| Membership Revoked | Joined Sep 2010 | 3678 Comments

For whatever underlying reasons the Euro downturn appears to be intensifying and with correlated pairs like the AUD tuning down as well it looks like Risk Off trading ahead.

Comment #2
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Nov 9, 2012 8:36pm Nov 9, 2012 8:36pm

Guest
| IP XXX.XX.168.64

a drop down to 1.2600 before the uprend continues

Comment #3
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Nov 10, 2012 2:17am Nov 10, 2012 2:17am

johnel
| Joined Jan 2012 | Status: Member | 508 Comments

no, is enough 1.27

Comment #4
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Nov 10, 2012 2:36am Nov 10, 2012 2:36am

blackNwhite
| Joined Oct 2012 | Status: Member | 64 Comments

Quoting Loadedgun

Disliked

For whatever underlying reasons the Euro downturn appears to be intensifying and with correlated pairs like the AUD tuning down as well it looks like Risk Off trading ahead.

Ignored

LG, can u tell me whats you analysis to euro and aud next week? i have position on both. thanks for help

Comment #5
Quote
Nov 10, 2012 2:36am Nov 10, 2012 2:36am

RasmoRamijan
| Joined Aug 2012 | Status: cah kendal | 12 Comments

with good number from china this day, it will move up @1.2750-60 in asian market on monday.

why GOD let poor people starving????

Comment #6
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Nov 10, 2012 3:47am Nov 10, 2012 3:47am

Senyor
| Joined Apr 2012 | Status: Member | 134 Comments

This is a risk on risk off trade.

I am going Long @ 1.2625 Scale out 50% Dec 2012 1.300-1.3500
Closing at 1.47 by May 2013

OPEN Trades
Short EURUSD @ 1.2880
Long USDCHF @ .9731

The Relative Strength and Volume Elliot chart will do
Switch off news feeds when day trading
Trend now is DOWNWARD and about to consolidate

Comment #7
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Nov 10, 2012 9:58am Nov 10, 2012 9:58am

jagonzalez
| Joined Jul 2012 | Status: Stick to Supply & Demand. | 308 Comments

In sum, no one knows anything and for the past several weeks, regression models, considered the holy grail, have proven to be a joke...if anything, playing tricks on your mind....one moment your being preached to death to buy the next minute your being preached to sell.....you just cant beat good old fashion trading

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Posted: Nov 9, 2012 6:44pm
Submitted by:
OANDA

Category: Fundamental Analysis

Comments: 7 / Views: 3,031