Dislikedhah, true about those germans. that would tie into the s&p downgrade, and a nice risk off day.
it's a confusing time though, esp. with the possibility of risk off meaning a euro positive move for the first time in history? I really don't know. I'll prob just stick with chf and jpy on this one..Ignored
ultimately though i feel the EU will drop
the SP downgrade may give a kneejerk reaction and promote some USD weakness( prolly during Mondays NY session)
but ultimately traders dont give a rats ass about ratings.... look at Japan.. they are a AA- with a neg outlook and it hasnt hurt the yens strength much has it?
the swissy is surging but thats hardly only cause S&P says it has a AAA credit rating. Its more to do with the fact the franc is the traditional safe haven when all is not well in Euroville
so anyhow... wive been dead wrong before... but if in fact the EU does hit the 3329 by labor day I have to, in the spirit of this thread, post up my old calls and gloat about my greatness maniacally http://www.smiley-lol.com/smiley/heu...resheureux.gif