Does the Euro have a future? | Forex Factory

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Does the Euro have a future?

  • #1
  • First Post: Oct 24, 2008 6:55pm Oct 24, 2008 6:55pm
Look at the USD index and see for yourself how the dollar has gained with unprecedented magnitude and velocity. Mostly because of panic euro selling and dollar buying by major players. Please read this article and provide your comments.
http://sagarone.blogspot.com/2008/10...ve-future.html
  • #2
  • Oct 24, 2008 7:21pm Oct 24, 2008 7:21pm
Although I can't say the Euro will disappear right away, I really neer understood how Portugal, Italy, and Holland can all have the same currency as Germany. It makes no sense, if one just thinks. (Then again, sub-prime was a really, really bad idea to anyone that put ANY thought into it.)

It shows it's all smoke in mirrors.
  • #3
  • Oct 24, 2008 7:45pm Oct 24, 2008 7:45pm
Quoting clockwork71
Although I can't say the Euro will disappear right away, I really neer understood how Portugal, Italy, and Holland can all have the same currency as Germany. It makes no sense, if one just thinks. (Then again, sub-prime was a really, really bad idea to anyone that put ANY thought into it.)

It shows it's all smoke in mirrors.
First, the Euro does have a future. I think people during the bull run of the Euro were assuming that the USD was just going to be worthless. If I had a .05c piece (any currency) for how many times I ... anyway.

In regards to your comment Clock. I do see the point, though, I dont think it is a strong one. It seems complicated as they are all different countries, though the currency just doesnt have a sense of the borders. When you consider it ... California has the same currency as Wyoming, this could also be strange in a sense. Starting salary for some professions in Wyoming is $18,000 a year, in California doing the same thing the min pay is $55,000. These discrepencies are found in Europe as well. Once we wrap our heads around different nations using one currency it doesnt seem out of place at all. If you put a twist on it this has actually been going on for a long while, just in a different sense. For instance, the Gulf nations have been using the US$ for decades, just pegged at a lower value such as 1 to 2.50.

If I didnt catch the point you were making I apologize. Could you elaborate?
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #4
  • Oct 24, 2008 10:30pm Oct 24, 2008 10:30pm
Quoting StockKJay
First, the Euro does have a future. I think people during the bull run of the Euro were assuming that the USD was just going to be worthless. If I had a .05c piece (any currency) for how many times I ... anyway.

In regards to your comment Clock. I do see the point, though, I dont think it is a strong one. It seems complicated as they are all different countries, though the currency just doesnt have a sense of the borders. When you consider it ... California has the same currency as Wyoming, this could also be strange in a sense. Starting salary for some professions in Wyoming is $18,000 a year, in California doing the same thing the min pay is $55,000. These discrepencies are found in Europe as well. Once we wrap our heads around different nations using one currency it doesnt seem out of place at all. If you put a twist on it this has actually been going on for a long while, just in a different sense. For instance, the Gulf nations have been using the US$ for decades, just pegged at a lower value such as 1 to 2.50.

If I didnt catch the point you were making I apologize. Could you elaborate?

Fair enough. Except one minor point: Wyoming and California have the same legal structure. (I don't say laws, since there will be very minor differences.) Language, culture....kinda....the U.S. truly IS one country. With the exception of a handful of cities, it's pretty similar. (There is only one New Orleans for example. However, I am from Columbus, Ohio....which is the same as Indianapolis, Indiana. Or St. Louis. Or Denver. Or Omaha....etc, etc.)

Also, we don't have a central bank of Wyoming. There are state regulatory agencies in place, but they show less regulation than the federal ones did last year while all this was going on.

A few thoughts is all. Truthfully, I don't care if the Euro, or Europe for that matter, exists in 10 years. I can always trade futures.

Clockwork
  • #5
  • Oct 25, 2008 5:24am Oct 25, 2008 5:24am
Quoting clockwork71
Fair enough. Except one minor point: Wyoming and California have the same legal structure. (I don't say laws, since there will be very minor differences.) Language, culture....kinda....the U.S. truly IS one country. With the exception of a handful of cities, it's pretty similar. (There is only one New Orleans for example. However, I am from Columbus, Ohio....which is the same as Indianapolis, Indiana. Or St. Louis. Or Denver. Or Omaha....etc, etc.)

Also, we don't have a central bank of Wyoming. There are state regulatory agencies in place, but they show less regulation than the federal ones did last year while all this was going on.

A few thoughts is all. Truthfully, I don't care if the Euro, or Europe for that matter, exists in 10 years. I can always trade futures.

Clockwork
Very true. The European nations are not integrated in the way the US states are. And in times of looming crises, they might put their national interests above the EU's.
  • #6
  • Oct 25, 2008 12:39pm Oct 25, 2008 12:39pm
I, for one, would love to see the DM and FF come back. It would make trading Forex more interesting. However, I don't think it's going to happen. The EC has been doing alright for itself and they need this unity to compete with the US and China. It sure makes traveling in Europe easier, that's for sure.
  • #7
  • Oct 26, 2008 2:54pm Oct 26, 2008 2:54pm
Quoting clockwork71

A few thoughts is all. Truthfully, I don't care if the Euro, or Europe for that matter, exists in 10 years. I can always trade futures.

Clockwork
You dont care if europe exists in 10years? I could say I dont care if the USA exists in 10years, any number of terrible things could happen, but I wouldnt be so insulting as to say it on a forum such as this.

So much for 'respected' members hey?

Leon
Living the adventure in my head.
  • #8
  • Oct 26, 2008 3:25pm Oct 26, 2008 3:25pm
Quoting clockwork71
Fair enough. Except one minor point: Wyoming and California have the same legal structure.
In order to join the European Union, a common set of rules was created (to some extend). However, what rules have to do with a currency?


Quoting clockwork71
Also, we don't have a central bank of Wyoming.
there isn't a central bank in Wyoming, but there is one in New-York, Atlanta, San Francisco and so on. Same thing happens in Spain, Germany, Holland…
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
  • #9
  • Last Post: Oct 28, 2008 11:50am Oct 28, 2008 11:50am
Quoting hexadecimal
Didn't somebody asked this question several months ago but other way around ? \"Does the Dollar have future ?\"

Probably. Just like I someone else asked that about the Yen in summer of 07 and the Canadian $ in 2002.
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