Still open... a cake is never done baking in the first 5 minutes it is placed in the oven! Just remember what comes around goes around!
BTW: Why do you laugh like a 2 year old? teeheehee
I would put this as an exception .... for some reason Krun forget the best part here ...
huhu ..hihi ...hehe
Since you referred to me in your post, allow me to jump in.
I am bearish because the fundamentals are and will remain bearish for a while.
Even if the EZ countries come to an agreement regarding the creation of a fiscal compact with debt brakes and all those fancy terms, the fact remains that the sovereigns are still insolvent and the only way out of that is federalization and/or quantitative easing (debt monetization or distribution).
Both will be risk positive but still somewhat Euro negative as carry trades unwind and high yield seeking...
Well. Thats what I was referring - you are bearish guy.
Anyway there is always a bounce backs - even in crisis time. Money flow cannot continue to one direction only. Also this is media game - game where politicians are trying to gain investors trust - that is the game what is actively on right now.
This has nothing to with dept issue since that remains. ECB is working actively converting loans from private to public which means they are saving private banks and discarding loans to central banks which are financing ECB.
A
I would put this as an exception .... for some reason Krun forget the best part here ...
huhu ..hihi ...hehe
I completely agree that there are massive issues on the US side. That said, I wouldn't underestimate the challenges facing the Euro. The eur/usd pair have been called the 'ugly sisters' and I think the name suits. They both have huge issues.
Will the upturn continue, yes it could continue for a short while, I think it's more of a retracement - rather than an actual uptrend. But I don't see a definite uptrend until we get verifiable good news from EU or dollar printing from the US.
Trade well,
LP
