EURO vs USD

[J. Abizeid]

Euro Pacific Capital | Peter Schiff March 12 2009 Fox Business - Countdown to the Closing Bell: Windows Media Player : Broadband
Euro Pacific Capital | Peter Schiff March 9 2009 CNBC - CNBC The Kudlow Report: Windows Media Player : Broadband
Euro Pacific Capital | Peter Schiff March 5 2009 CNBC - CNBC The Kudlow Report: Windows Media Player : Broadband

[J. Abizeid]

Listen to the wise.
Euro Pacific Capital | Peter Schiff March 25 2009 MSNBC - Morning Joe: Windows Media Player : Broadband

[J. Abizeid]

The writing on the wall,
It’s a fascinating game:
The US wants its currency devalued in order to get out of its recession / depression trading it with inflation.
Devaluing the dollar is China’s nightmare since it’s the US largest debtor. In other words, China will lose the most when the US pays it back with smaller dollars. So does every dollar holder.
The US is taking advantage of the Chinese dilemma by printing more dollars and forcing the Chinese to continually bailing the dollar out.
The problem, it’s getting heavy on the Chinese and they started cracking. They like to see other currencies help bail out the dollar through the SDR system. The SDR is the least of two evils for the dollar; instead of bursting and collapsing on its own, the other currencies will come to the rescue; in return, the dollar will have to give up its status as the World Reserve Currency. Either way, the pressure built up on the dollar because of excessive printing started to show cracks and when the dam breaks the tsunami won’t give much notice.


http://finance.yahoo.com/banking-budgeting/article/106817/Dollar-Slams-Up-Against-a-Great-Wall?sec=topStories&pos=4&asset=TBD&ccode=TBD

http://www.marketwatch.com/news/story/Global-reserve-currency-debate-unlikely/story.aspx?guid=%7B0E74D1C5%2D7E9F%2D4040%2DA5F3%2 D57F48ACCC070%7D&dist=hplatest

http://finance.yahoo.com/news/China-challenges-US-global-apf-14774658.html

China has made its agenda clear: It wants a stable U.S. dollar, and has even advocated the creation of another global currency altogether. It is leery of protectionism. And it is demanding a larger say in how financial systems are regulated and rescued, while holding back on any promises for new rescue or stimulus measures of its own.
Fearful of any moves that might weaken the dollar and imperil China's estimated $1 trillion in Treasuries and other U.S. government debt, Chinese Premier Wen Jiabao has urged the United States to remain "a credible nation." In other words, Beijing wants Washington to avoid spurring inflation with excessive government spending on bailouts and stimulus packages.
To keep the value of its own currency steady -- some say undervalued -- the Chinese government must recycle its huge trade surpluses. The biggest, most liquid option is U.S. Treasuries. But a weakening dollar saps the value of those investments.
The Chinese "are being hurt more than anyone else by the mismanagement of the dollar," said William Overholt, an expert with Harvard University's Kennedy School of Government.
Underscoring that grievance, earlier this week Zhou, the central bank governor, called for a new global currency to end the dollar's dominance in trade, foreign reserves and commodity pricing.
Echoing proposals that have been debated for years, he urged the International Monetary Fund to create a "reserve currency" based on shares in the organization held by its 185 member nations, known as special drawing rights, or SDRs.
"Nobody believes the current global monetary system will be changed soon. It's more like a warning or signal to America to let them know how important it is to keep the dollar stable," said Ding Xinghao, president of the Shanghai Association of American Studies, a private academic think-tank.
China's stolid and somber president, Hu Jintao, will likely focus on cooperation rather than table pounding when he meets President Barack Obama for the first time at next week's London summit on the financial crisis.

[J. Abizeid]

Sorors says he knows exactly what the dollar is going to do…. and everybody should make their own bets….
http://finance.yahoo.com/tech-ticker/article/226596/Soros-Dollar%27s-Strength-a-Measure-of-System%27s-%22Sickness%22-Euro-Will-Remain-Viable?tickers=^dji,^gspc

[admiral]

Originally Posted by admiral

.

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

I posted the above directly after the fed last decision to buy long term bonds , and its QE policy , as mentioned above the resistance as shown on the chart was the area of 1.383-1.39 , the Euro wasnt able to break or pass that level , and eventualy it retraced back to the support level at 1.31 .

Next week is very crucial for the euro , if the 1.31 level is breached to the downside , and the euro wasnt able in 2 consecutive days to go up again above the 1.31 - 1.315 level , i am forseeing a sharp move down to the 1.28 level and maybe lower than that .
Only a move above 1.35 -1.358 will change the negative picture of the Euro to a positive one.

[sandraman]

EURO/USD consolidation then down to 1.05-1.00

see the detailed report here

http://www.ad-financial.com/MARKET&#...1%20EURUSD.pdf

[usef]

ana feyet bi 3 lots at every target bsakker we7di w minshouf shu biseer..

let's watch it next week

[admiral]

Originally Posted by usef

ana feyet bi 3 lots at every target bsakker we7di w minshouf shu biseer..

let's watch it next week

My friend , your drawing of the Fibonacci level is wrong , your 0% should start at the low 1.2455 level and your 100% should be at 1.4720 level

Check the attached website for fibonacci level drawing:Applying Fibonacci to the Market

I dont want to interfere in your trading , however as long as the euro is below 1.34 level it is still in consolidation area , and it is a gamble to enter long with the targets you mentioned and the risk is high .
Why i am mentioning 1.34 level , because it is the level that was rejected 2 times previously , and we witnessed a heavy selling when reached that level , in addition 1.34 level is the 61.8% fib of the 1.3725 high and the 1.29 low level

[J. Abizeid]

Originally Posted by Raficoo

now 1Euro = $1.24873

Raficoo,
It’s been a while since you gave us an update on the euro.
So what’s the latest?

[Raficoo]

Originally Posted by J. Abizeid

Raficoo,
It’s been a while since you gave us an update on the euro.
So what’s the latest?

well it's been a while and things have quite changed since then

Euro's been messing around between 1.39 and 1.407 these couple of weeks but now its $1.41462

might be higher.. might be lower.. i ain't no economy expert