so Mr. Clouds...we are in down trend...what is the target now ? I am in short
- #14,703
- Jul 15, 2008 8:33am Jul 15, 2008 8:33am
- | Joined Feb 2008 | Status: Live long and have fun :) | 1,386 Posts
On the path to Enrichment.
- #14,710
- Jul 15, 2008 9:22am Jul 15, 2008 9:22am
Congratulations to the Bulls...
Will 1.6 sustain is a different story in my opinion...and in the opinion of some of the largest bond & hedge funds managers...
Quotes:
`Incredibly Bearish'
`The rally in the euro is over and we're now incredibly bearish on the currency given the outlook for Europe's economy,'' said Hans-Guenter Redeker, the London-based global head of currency strategy at BNP Paribas SA, the most accurate foreign-exchange forecaster in a 2007 Bloomberg survey.
The euro will slide to $1.50 by the end of the third quarter and $1.45 by year-end, he said. Redeker is more bearish than most strategists.
The common European currency will weaken 5.4 percent to $1.50 by year-end, and slip to $1.45 by mid-2009, according to the median of 37 analysts surveyed by Bloomberg.
`At current levels the euro is an awfully expensive currency,'' said Stephen Jen, chief currency strategist at Morgan Stanley in London and a former Fed economist. ``We see fair value for the currency at around $1.30.''
See full article here:
http://www.bloomberg.com/apps/news?p...CAA&refer=home
Will 1.6 sustain is a different story in my opinion...and in the opinion of some of the largest bond & hedge funds managers...
Quotes:
`Incredibly Bearish'
`The rally in the euro is over and we're now incredibly bearish on the currency given the outlook for Europe's economy,'' said Hans-Guenter Redeker, the London-based global head of currency strategy at BNP Paribas SA, the most accurate foreign-exchange forecaster in a 2007 Bloomberg survey.
The euro will slide to $1.50 by the end of the third quarter and $1.45 by year-end, he said. Redeker is more bearish than most strategists.
The common European currency will weaken 5.4 percent to $1.50 by year-end, and slip to $1.45 by mid-2009, according to the median of 37 analysts surveyed by Bloomberg.
`At current levels the euro is an awfully expensive currency,'' said Stephen Jen, chief currency strategist at Morgan Stanley in London and a former Fed economist. ``We see fair value for the currency at around $1.30.''
See full article here:
http://www.bloomberg.com/apps/news?p...CAA&refer=home
Congratulations to the Bulls...
Will 1.6 sustain is a different story in my opinion...and in the opinion of some of the largest bond & hedge funds managers...
Quotes:
`Incredibly Bearish'
`The rally in the euro is over and we're now incredibly bearish on the currency given the outlook for Europe's economy,'' said Hans-Guenter Redeker, the London-based global head of currency strategy at BNP Paribas SA, the most accurate foreign-exchange forecaster in a 2007 Bloomberg survey.
The euro will slide to $1.50 by the end of the third quarter and $1.45 by year-end, he said. Redeker is more bearish than most strategists.
The common European currency will weaken 5.4 percent to $1.50 by year-end, and slip to $1.45 by mid-2009, according to the median of 37 analysts surveyed by Bloomberg.
`At current levels the euro is an awfully expensive currency,'' said Stephen Jen, chief currency strategist at Morgan Stanley in London and a former Fed economist. ``We see fair value for the currency at around $1.30.''
See full article here:
http://www.bloomberg.com/apps/news?p...CAA&refer=home
very nice info.. thanks for posting
Money often costs too much... 
- #14,714
- Jul 15, 2008 9:47am Jul 15, 2008 9:47am
Meanwhile I will leave a open short in my account SL @1.6066.
with no price target. If this pair goes south and not hit my SL I will close this short March 2009 or 1.4450.
Good Luck to all you guys!
My View is still intact, We will see EURUSD at 1.4500, but if price goes to 1.6060 with no fast retrace, my View is then DEAD!
OIL, Gold and other commodities must have a big and nice retrace very soon, this will give strength to USD.
Now I will relax for some months!
Forex is killing my Familiar relationship, too many time with Forex!
k bro happy holiday..send me a post card k..heheh just joking take care..
- #14,716
- Jul 15, 2008 9:56am Jul 15, 2008 9:56am
- Joined Jul 2007 | Status: al zahr | 2,820 Posts
Those hedge funds are shooting for 5000-10000 pips and they do not care about a 600-1000 pips sl. IMHO.
Congratulations to the Bulls...
Will 1.6 sustain is a different story in my opinion...and in the opinion of some of the largest bond & hedge funds managers...
Quotes:
`Incredibly Bearish'
`The rally in the euro is over and we're now incredibly bearish on the currency given the outlook for Europe's economy,'' said Hans-Guenter Redeker, the London-based global head of currency strategy at BNP Paribas SA, the most accurate foreign-exchange forecaster in a 2007 Bloomberg survey.
The euro will slide to $1.50 by the end of the third quarter and $1.45 by year-end, he said. Redeker is more bearish than most strategists.
The common European currency will weaken 5.4 percent to $1.50 by year-end, and slip to $1.45 by mid-2009, according to the median of 37 analysts surveyed by Bloomberg.
`At current levels the euro is an awfully expensive currency,'' said Stephen Jen, chief currency strategist at Morgan Stanley in London and a former Fed economist. ``We see fair value for the currency at around $1.30.''
See full article here:
http://www.bloomberg.com/apps/news?p...CAA&refer=home
.
