Please EURO Stop it..You are Embarrasing yourself.

From 1.61 to 1.38 in a month or two..are you in some kinda dope....you are worse than a hooker who has to reduce her rate in proportion to the number of clients around..and you..you are getting f**cked by a limsy dollar for almost free..how can you charge dollar less everyday and get f**cked harder..yesterday its was 200 pips

Man Wake up......you are getting screwed by the lousiest currency around who itself doesn't know what tomorrow holds for him ...learn something from jpy...have some dignity man..

I have always told you..You don't mess with dollar... but never thought the day will come when you would go below 1.40 to get screwed...hey do us a favour...do it for free...that will save us traders a lot of frustation by guessing how low can you go..

ISM, Non farm, unemployment, 700 billion, bankruptcy, Industrial production does not matter to you anymore...even if 90% of the stats are in your favor.... you will lay your a** down ...stop it...please you are embarrassing yourself..


I dont get it man...the problem is acrosss the atlantic ...but for god sake...why are you going down man...whats your effing problem...you have just busted the myth that..when bad happens to one currency..the other currency gets better..but you...you are the ever trusted friend..who cant stand the fact that..your friend across the atlantic is in trouble and you need to show some solidarity by going down...are you really with the european pimps or with american mafia..which side are you man.

I have had enough with you...thought you will get better...but you are just not gonna come back..and learn the lesson...you have become a crack w**hore...i cant pimp you anymore with the condition you are in....no body wants you anymore..

I better go and pimp JPY...atleast i have some buyers for her...

Good Bye Euro

Wow! Is that really true?! Guess fundamentals don't care at all in the forex market!

Anyway, I enjoyed the post! It made me laugh! Good job

Maarten

Yeah....Dollar should have being bombed by now by what is happening ..American eco system is under threat and on what account does europe more in trouble than America at the moment...sure there is inflation and some issues..but not like there are banks after banks going under like in US ..even with everything taken into account ..with the way EURO is going under...it defies logic....


Only explanation could be goverment is manupulating the market or better...pimping now as they dont trust regular pimps like us..who trade fairly

Here..is some reason..why Euro drops so much..against.. USD>.

http://www.forexfactory.com/news.php?do=news&id=111160

Sonic

http://www.nowandfutures.com/images/esf_euro_yen.png

Maarten

Seriously? Have you checked bloomberg recently? Europe is having their fair share of banking troubles.

http://www.bloomberg.com/apps/news?p...Y&refer=europe

http://www.bloomberg.com/apps/news?p...w&refer=europe


While I did find the initial post humorous, it isn't just U.S. financial institutions that have found themselves in hot water.

Wow....if all the banks go off in Europe and there is credit crunch thats bad

...hey I'm just a pimp....What do you think i should take my cut on Euro or dollar...i remember when i use to pimp Gisele budchen she refused to take payments in dollar couple of months back ..she must be really pissed now that her Euro dominated bank account is going up in smoke ..I told her...take it in dollar and just walk the floor...but she wanted to walk the talk and told me ..how the value of dollar will go down in few years time....apparrently she slept with one of those contrarian investers who suggested her to take payments in euros from now on

Now who is the man...Bernake or all the contrarian investers who were chanting the death of dollar...well it may eventually happen...but by that time...my crack wh**e would be old and out of business

What is the point of this thread?

I mean, besides to flaunt ignorance?

Probably the same point as "Flava Flav in '08"

At least the US has taxpayers to turn to for a bailout. Where will Euroland turn for help? Maybe Russia has enough in Reserve to help out--- but they will at least want Poland and Germany back in return!!!!!

Also, hedge funds played a big part in the Euro bull run...and now they have to liquidate to stay alive (but some will die anyway).

I like to keep the explaination to these complex issues as simple as possible. The USD's improved postion over the EUR is because the US has been dealing with its problems, while the EC has done nothing. ECB is still fighting inflation in a world that is seeing massive deflation (just look at commodity prices, etc). EC banks are in trouble, but they are only now just starting to argue about their rescue plan. They must be hoping that some of the $700B from the US will find its way back to them (not very likely). Don't get me wrong, the US is in for a very long (2-5 years?) period of repair before it is back on any meaningful growth track, but Europe has not begun to face up to its problems yet, so why keep money there?

Guys Chill out....I'm just trying to take a lighter moment with all thats happening ....I'm not trying to put on exact data in here..for that please go to great news service we have in FF.

Whatever the cause is...I'm just implying that Euro is going down against the dollar while a year back everyone said dollar is doomed..now suddenly everyone is smart from Paulson to congress to members here as to the reason dollar is strong again.

I'm in FF for close to three years now and have not heard a single post, that would even dare speculate euro will go down below 1.40 even as close as June ......now suddenly everyone has become an expert and explaining in detail as to WHY euro is going down..ha give me a break...we all KNOW now..

Really...our memories are short...how we forgot suddenly about Gisele Budchen refusing payment in dollars and Japan, China, diversifying their dollar assets to Euro....where is all that news gone now?

I bet once Euro comes back to track, we will FIND WAYS and FIND NEWS that will support WHY EURO is coming back..Maarten999 chart says it all folks...dont look further its all Manupulation

Well....From Pimping to Pipping..must say grass is not greener here too..so back to Pimping..and hey Gisele has agreed to take her fees in dollars now

The bailout shows that America is being proactive in correcting its financial situation. Yes, the dollar deserves to be weak, but there is a thing in business called "goodwill capital" and a reversal of America's habits.

After Enron, our books are examined more closely.

We are making strides in removing ourselves from oil dependency, as well as exploring alternative fuels.

Bush is leaving office and congress will soon have elections.... both of whom are at all time low approval ratings.

The dollar is at parity with the euro, so a lot of foreign investments are being done in the form of bonds.

Everybody knows that if America's economy collapses, so does the rest of the world.

That's the thing about pair trading. The dollar can be weak, but if the euro is weaker... the eurusd is going down. It's all relative. Fair value is probably around 1.1 or 1.2. Regression to the mean and all that.

It do not absolutely agree, problems in economy of the USA are much stronger, than in the Europe. Falling dollar is unprofitable to many countries, therefore it support. When support to stop and the countries will pass dollar to other reserve currency will very strongly fall.

hate to state the obvious, but iceland and the UK arent exactly euro area countries..

You could have mentioned Fortis and Dexia and Hypo...

Anyway, I can assure you that big european exporters (automakers, airbus and so on) are very very relieved that the euro is falling -- it is quite good for the economy.

The situation will change when big US funds stop being frightened to death and buying all the treasuries they can..

Guys, the situation is simple and logic. We are in crises. The economy of the whole workd is atarting to go down. Where Europe made money? By selling their goods to Arab countries and Asia. Where Arab countries and Asia took money to pay for european goods? Clear. In USA. Peaple here in USA live for credit, taking much credit and buying bying bying. They buy chinese goods, japanese goods, arab oil etc. Such a way USA goes into huge debts and give free money to other countries for their prosperity. Its very bad. So, Arab countries sell oil to USA and pay by USD of USA consumers for european goods. Asian countries sell their goods in USA and pay for european goods by the same USD of american consumers. China and Japan are the main creditors of USA. WHY? Because,they give credit to USA consumers in order they buy their goods. They do not invest in american production sector. They had created the market for themself. And where from do you think in these conditions will Europe get money? No credit. No american consumers. No american consumers no money for China, Arab countries,Japan etc. No money for Arabs and Asian countries means no money for Europe and stagnation and deep decline of european industry and agriculture. That is the reason of USD rise. It is the deepest ever seen in history crises. But you would wonder, why then USD rise if the situation in USA is so bad? Because, USA is ona entity, and what is most important, it is one biggest in world entity,state. It has one budget, one governement, etc. Europe not. American economy produce 10 trillion dollars goodd value a year. No one country can do the same. So, in so trobled times Europe can not match USA and Euro can not atract investors, because they do not have one state and one budget. But USA have now 11,3 trillion national debt after this very bad in my opinion bail out plan passed, you would say. Yes, it very bad, but Eropean debt is very big too and what is most important USA has very strong economy, military and one state. I think that the whole world is in the beginning of strong difficulties,but USD will rise, because other countries will not be able to get the same USD for their goods and many need american protection too,because they do not spend much enough for their defence. So, USA have enough cardsto play this game. And whats to bail out plan, well, it is very bad. It would not improve the situation, but just save the system. It will stop panic. But this plan is extremally bad. Well, time was short to invent something else. Pity

I would be intrested in knowing what "fair value" for this pair is. If you go by the gold standard, it is somewhere around 1.34. I heard some experts say that taking gold standard and "other factors" it should be somewhere between 1.22 and 1.25. They did not eloborate what these "other factors" were. Is there a formula somewhere to calculate the fair value of a currency? Is it to complex for a fomula?

Ha! I have to ask the question why the euro slumped in August right before the September crisis hit first with FRE and FNM and then the total credit market collapse. I smell central bank intervention as well as many hedge funds went belly up with huge bets on the commodity futures and the euro. Then they got hit with margin calls and voila.
All they wanted to do is to bring down the oil prices. Remember, the correlation between the oil and the dollar? That couldn’t happen without some government intervention. And yet we all knew the European fundamentals didn’t look bright but still the euro was hovering above 1.55. All of sudden it just went underwater. Not only that, the GBP, AUD, NZD, the Korean Won, the Brazilian Real, you name it. I can only assume if it wasn’t this intervention we could’ve seen super short USD positions and we would’ve been talking about a completely different story – bad European fundamentals, disastrous USA fundamentals and eventually the death of the USD, provoking even deeper crisis in confidence to the good ole’ USA…

lol -

That Sir.....is a direct result of a lack of proper choices in this election. Since America is hooked on reality tv, I figure he's as good a shot as anyone else. (Flavor of Love and all.)

;-)