EURO vs USD

[Raficoo]

Euro now $1.31748

2minutes later: $1.32009

[Abou-Eddie]

Euro at 1.2719 at this moment. I feel a total loss of visibility at this moment about the future of the Euro. I had various exchanges in this thread about my outlook, i was proven wrong temporarily and now the Euro is at levels which I had predicted we will see. There are still two camps out there, those who think the current trend will continue to 1.10/1.15 and another who contends one has to buy Euros at this very moment to benefit out of a dollar rally which will be short-lived. Your thoughts.

[J. Abizeid]

Originally Posted by Abou-Eddie

Euro at 1.2719 at this moment. I feel a total loss of visibility at this moment about the future of the Euro. I had various exchanges in this thread about my outlook, i was proven wrong temporarily and now the Euro is at levels which I had predicted we will see. There are still two camps out there, those who think the current trend will continue to 1.10/1.15 and another who contends one has to buy Euros at this very moment to benefit out of a dollar rally which will be short-lived. Your thoughts.

I believe the dollar will eventually collapse based on many facts that I have researched extensively.
Meanwhile, many believe the DOW will collapse first which gives the dollar an initial shot in the arm before it kicks the bucket.
There is plenty of bad news in the US economy for this week to make the DOW hit a new record low. So I won’t be surprised if the dollar takes advantage of it, which defeats the laws of economics except in America but, there is one saying: You can’t fool everyone all the time.
The dollar’s disease is the US deficit that is growing at a rate of $2 billions a day mostly in interest not to mention the $825 billions Obama’s stimulus package to be borrowed or printed in the near future.
For long term investment I say, sell your dollars now!

[Abou-Eddie]

Originally Posted by J. Abizeid

I believe the dollar will eventually collapse based on many facts that I have researched extensively.
Meanwhile, many believe the DOW will collapse first which gives the dollar an initial shot in the arm before it kicks the bucket.
There is plenty of bad news in the US economy for this week to make the DOW hit a new record low. So I won’t be surprised if the dollar takes advantage of it, which defeats the laws of economics except in America but, there is one saying: You can’t fool everyone all the time.
The dollar’s disease is the US deficit that is growing at a rate of $2 billions a day mostly in interest not to mention the $825 billions Obama’s stimulus package to be borrowed or printed in the near future.
For long term investment I say, sell your dollars now!

I believe the Dow will go lower. The recession is here to stay, there will be no miracles, the Obama factor is now all but gone so everyone is who has not realized so far will soon be convinced that we are in this mess for at least 2 years and that it is not a question of a few months. Having said that Europe also is in a huge mess, especially the UK.
As to Euro vs. USD, the way I look at it is that you have two choices between bad or worse. The question is which one of the two is bad and which one is worse. Once you make the choice, you will be faced with another huge dilemma, where do I park the money given the situation of the banks?

[Raficoo]

Euro currently at $1.27723

it keeps going between $1.270 to $1.32 time to time but i like the advantage i'm getting from this on the Polish Zlotch:


guess i picked the Wrong summer to enter

but the summer looks nice for me till now:


let's see how low/high the Euro shall go

[admiral]

guys , a big move on the Eur/USD might be brewing and about to happen in the coming days , from reading the charts it is not possible to determine if it is on the upside or to the downside , however i am sure that if :

1)it goes below the 1.27 barrier and stays below that level for 2 consecutive days , it will surely go down to the 1.23 area and maybe blow that to the 1.20 level

2)if it manage to go above the 1.30 level , and stay above that level for 2 consecutive days , it will surely reach 1.34 level and even higher than that level.

[Raficoo]

Originally Posted by admiral

guys , a big move on the Eur/USD might be brewing and about to happen in the coming days , from reading the charts it is not possible to determine if it is on the upside or to the downside , however i am sure that if :

1)it goes below the 1.27 barrier and stays below that level for 2 consecutive days , it will surely go down to the 1.23 area and maybe blow that to the 1.20 level

2)if it manage to go above the 1.30 level , and stay above that level for 2 consecutive days , it will surely reach 1.34 level and even higher than that level.

Euro's $1.25814 now.. seems like #1 is happening... but alot can happen in the market in two days... so we'll just have to wait and see.


anyways i'm lovin the changes

[Raficoo]

Euro's now $1.27392.. seems like it changed it's mind back to Plan 1

but alot can happen in a few days.. so we'll keep wathcing

[Raficoo]

now 1Euro = $1.24873

[admiral]

Nice move by the Euro , after the fed decision yesterday to buy longer-term U.S. government debt and purchase an additional $750 billion of agency mortgage- backed securities, a policy known as quantitative easing.

What happened yesterday is the following:
The Fed decided to Pump money into the system, thinking that would "fix" all the problems. The problem with this is, the Fed does not have "spare cash" lying around, and decided on a whim to purchase and place bad debts on their balance sheets. So, were does a "cash broke" Government find extra scratch to spend. They can't if there is no extras around to be spent, so the next best thing to do is to Print New Money. When a government prints and distributes new money, they essentially flood the markets with this newly printed currency ... devaluing it across the board.

However This brutal EUR strength will be no help to the EuroZone's economy which is suffering also and it will be interesting to see how the ECB reacts to the challenges posed by the pressure of competitive devaluation. The EU weaklings are all undoubtedly hopping mad at developments here.

The Euro have won 1 battle yesterday , however the big question is, on the long run who will be the first to go out of this disaster and win the war??? till today the fed is moving more swiftly than the ECB to reach that target .

The below chart shows that the next strong resistance for the Euro is between the 1.383 and 1.39 area which coincide with the 61.8 retracment of the( 1.47 high and 1.24.5 low), and the downtrend trend line