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- 9 Results (5 Replies , 4 Comments )
- ozforexguy replied Oct 11, 2011
The eur/usd is just tracking the S&P. It spiked before market close. Computer trading programs try to reduce the arbitrage between various correlated instruments. S&P up EUR up. S&P down EUR down.
- ozforexguy commented Oct 11, 2011
Finally someone speaking the truth on the EZ. Sulik is refreshingly honest. He should be ECB president It is ridiculous to think they can fix debt with more debt.
- ozforexguy replied Oct 7, 2011
I believe we just had a technical bounce off the 76.4% fib. Looking to add more on an hourly close below 1.3350. image image
- ozforexguy commented Oct 3, 2011
You should go long then. Let us know how that works out for you.
- ozforexguy commented Sep 30, 2011
What needs to happen to drop this pair. This is the most unpredictable pair in the market. Fundementally it should be at least a 1.20 if not parity. You can put lip stick on a pig, but it is still a pig. Europe is a basket case despite these number, ...
- ozforexguy commented Sep 26, 2011
If you draw a trend line on a weekly chart you can see where support may come from. Once the markets settles down we should see a shift back to gold but there is still some downside volatility left to play out IMO. Gold at $1500 looks pretty cheap. ...
- ozforexguy replied Aug 17, 2011
I doesn't need to happen, it just needs to be perceived it may happen! Rate cuts will be back on the table this week. Or at the very least a few stories will be written about it and the fire will be lit!
- ozforexguy replied Aug 17, 2011
Anybody agree with me??? With the euro economy grinding to a halt I would imagine the ECB has no choice but to cut rates hard to avoid a nasty recession (50 or 100 basis points). Therefore this could quite possible be the top for the EURO. Predict ...
- ozforexguy replied Aug 7, 2011
Since when did the forex market make any sense .. Heaps of potential reasons for USD going up against the Euro, flight to quality (best of a bad lot really), potential bond buy back from ECB (like a US QE, print more money depreciate the ...
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