EUR/USD what's going on?? | Forex Factory

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EUR/USD what's going on??

  • #1
  • First Post: Jan 17, 2009 2:29am Jan 17, 2009 2:29am
after the decision of 50bps cut,E/U still stable in range,I was thing that it will drop sharply,but I was wrong.What's going on???
Somebody said that after MR.Trichet said that they would hold rate at 2% in Feb and then they will decide whether they will cut 25bps or not in Mar,so that support EUR to stronger than other currencies.But I thing this is not enought strength to support EUR because their economy are in terrible recession.But,Why after rate cut,EUR still strong???
  • #2
  • Jan 17, 2009 2:37am Jan 17, 2009 2:37am
Quoting endy65
after the decision of 50bps cut,E/U still stable in range,I was thing that it will drop sharply,but I was wrong.What's going on???
Somebody said that after MR.Trichet said that they would hold rate at 2% in Feb and then they will decide whether they will cut 25bps or not in Mar,so that support EUR to stronger than other currencies.But I thing this is not enought strength to support EUR because their economy are in terrible recession.But,Why after rate cut,EUR still strong???
the cut was already priced in the recent drop
  • #3
  • Jan 17, 2009 3:07am Jan 17, 2009 3:07am
In addition, EUR's interest rates are still higher than US and US economy is no better right now than Europe's.
There is always a reason even when there is no any..
And in my opinion the reason isn't important. What important is - how can I profit from this market behaviour.
  • #4
  • Jan 17, 2009 3:51am Jan 17, 2009 3:51am
If it's break this line,I think the better is close the short position
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  • #5
  • Jan 17, 2009 3:56am Jan 17, 2009 3:56am
Quoting yeah
In addition, EUR's interest rates are still higher than US and US economy is no better right now than Europe's.
There is always a reason even when there is no any..
And in my opinion the reason isn't important. What important is - how can I profit from this market behaviour.
Obama will replace Bush at 20th,this is a good sign for USD (my opinion) so that if it can not break this trend line,i'll go short once again,let's see
  • #6
  • Jan 17, 2009 4:01am Jan 17, 2009 4:01am
Quoting endy65
Obama will replace Bush at 20th,this is a good sign for USD (my opinion) so that if it can not break this trend line,i'll go short once again,let's see
Agree. On a short-term USD will have up-move based on "hope-sentiment" and great volatility is expected till USD will start to decline sharply on a long-term basis
  • #7
  • Last Post: Jan 19, 2009 1:23am Jan 19, 2009 1:23am
It's look pretty good
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