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  • Euro falls to 22-month low versus dollar on diverging rate outlooks

    From reuters.com

    The euro hit a 22-month low against the dollar on Thursday on the prospect of diverging monetary policy between the Federal Reserve and the European Central Bank as rate differentials swing decisively in the greenback's favor. The common currency fell to $1.2730 on trading platform EBS, its lowest since November 2012, and was down 0.3 percent on the day. The dollar index hit a new four-year high. The latest drop came as yield differentials between US 10-year Treasuries and their German counterparts traded near 15-year highs, driving more investors to buy the dollar. A recent batch of economic data has also ... (full story)

Eu is about to sky climb!
Quoting DanPa
Eu is about to sky climb!
Stop speculating and trade on the now ...
many novice trader r here, who simply start buying....
plz dont speculate.. trade what u see
Another 500 pips to go I'd say. Look to the monthly chart.
Quoting cat
Another 500 pips to go I'd say. Look to the monthly chart.
500pips !!, that's preposterous . The EUR/USD might still go south, but 500pips, that's way off dude..
Quoting cat
Another 500 pips to go I'd say. Look to the monthly chart.
It's impossible.. i don't see any downtrend in the near term!
Quoting osmo
500pips !!, that's preposterous . The EUR/USD might still go south, but 500pips, that's way off dude..
easy, I said look at the monthly chart, that'll give you the support, evry other chart higher than that is right in the middle of a steaming bear trend.
Quoting Jj1459
It's impossible.. i don't see any downtrend in the near term!
Then my friend, you must be blind.
I made money today (binary) Eur/USD before 12 midday, just looking at the market without any knowledge of the market.

Also have Eur/JPY running to expiry at midnight, and two others.

Thought I should start checking up on the latest news to give me a better edge.

Never ever made money with Forex but I am getting there with binay.

as lucky02 said trade what you see, i'll back that.
@cat than you will learn soon to enter out of the market!
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1:1 is overdue. So many reasons.

ECB has to keep interest low because Europe's south will not get out of the mess. In the US the Fed on the other hand might start to tighten next spring or summer.
And the ISIS problem might persist longer than you traders and masters of bubbles can dig while hanging in the Hamptons.
And then there is Putin... and a Euro-Zone that depends on his gas and the buying power of the oligarch schmucks.

So I can see that currency go down quickly. Only real reason it happened yet is: It's inconvenient for the US (and the global ripple effect can't be underestimated either).

But yeah: 1:1, seems fair when I look into the shopping baskets on both sides of the Atlantic.
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  • Story Stats
  • Posted: Sep 25, 2014 4:21am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 11  /  Views: 3,275