EURO vs USD

[J. Abizeid]

Originally Posted by Chief

Economic slowdown has hit europe since the moment euro gained a large margin over the US$

I guess the drop of the euro is only natural, related directly to to this slowdown.

The euro will go up as soon as oil goes up. It’s a matter of time but not within the next two months. There is serious talk $50 a barrel as target just like they had the $200 target back in July ironically, from the same paid economic analysts. They don’t usually reach their targets but they keep on trying until they reach the point where reverse course and steal the average investor.
There are many reasons that suggest the euro long term trend is still awards. Those who make their moves prematurely are the ones that make the fat cats rich.
http://finance.yahoo.com/currency/convert?from=EUR&to=USD&amt=1&t=5y

The second one certifies the first one.
http://finance.yahoo.com/currency/convert?amt=1&from=CNY&to=USD&submit=Convert

http://finance.yahoo.com/q/bc?s=%5EDJI&t=1d&l=on&z=m&q=l&c=
This is real and bad news for the dollar. It can’t fake it for ever. Feel the jitter! They are jumpy and need a tiny move to bail out. I don’t blame them.
http://biz.yahoo.com/ap/080904/wall_street.html
http://biz.yahoo.com/ap/080904/economy.html
http://finance.yahoo.com/tech-ticker...5Egspc,fre,fnm

[Raficoo]

Euro is now 1.42659$!!!

J. Abizeid do you think Generally it would be a good idea for any1 to change Dollars to Euro before what you say Happens? u know.. Dollar Breakdown, end of America. all of us using Dollars gonna live in Streets

[J. Abizeid]

Originally Posted by Raficoo

Euro is now 1.42659$!!!

J. Abizeid do you think Generally it would be a good idea for any1 to change Dollars to Euro before what you say Happens? u know.. Dollar Breakdown, end of America. all of us using Dollars gonna live in Streets

It would be nice to call it game over now.
Check out the above links you’ll understand what the American people are going through.
Stocks, Jobs, real-estate, guess what’s next

[Abou-Eddie]

Originally Posted by J. Abizeid

It would be nice to call it game over now.
Check out the above links you’ll understand what the American people are going through.
Stocks, Jobs, real-estate, guess what’s next

It is never game over in the financial world. When you speak about dollar/euro exchange rate there are two parties involved, the US and Europe. You are only speaking about the woes of the US, I can confirm to you that Europe is feeling the same amount of pain, if not more. So, you have to see both sides of the coin and the Euro in unjustifiably high, even at this very moment when it is trading at 1.42/1.43.

Furthermore, you mention stocks, jobs, real estate, and guess what is next. By that I think you mean the dollar is next. In fact, the dollar has been the first on this list since 2000. So your list should mention first the dollar then stocks, real estate, jobs. And I say nothing lasts forever, the dollar is the first to recover, maybe real estate will be next in 3-4 years. At the end of the day, these things are cyclical. The trend of the dollar is on the upswing and I think it will continue. I also firmly believe that politically, the US will interfere and push for a higher dollar no matter who wins the election. I stick with 1.30/1.32 end 2008 with a few jitters along the way.

[J. Abizeid]

Originally Posted by Abou-Eddie

It is never game over in the financial world. When you speak about dollar/euro exchange rate there are two parties involved, the US and Europe. You are only speaking about the woes of the US, I can confirm to you that Europe is feeling the same amount of pain, if not more. So, you have to see both sides of the coin and the Euro in unjustifiably high, even at this very moment when it is trading at 1.42/1.43.

Furthermore, you mention stocks, jobs, real estate, and guess what is next. By that I think you mean the dollar is next. In fact, the dollar has been the first on this list since 2000. So your list should mention first the dollar then stocks, real estate, jobs. And I say nothing lasts forever, the dollar is the first to recover, maybe real estate will be next in 3-4 years. At the end of the day, these things are cyclical. The trend of the dollar is on the upswing and I think it will continue. I also firmly believe that politically, the US will interfere and push for a higher dollar no matter who wins the election. I stick with 1.30/1.32 end 2008 with a few jitters along the way.

I hope your optimism is in place, I wonder if you felt the same back in July.
Noting has change today. It’s a nonstop deception game.
I work for a major company that shrunk from 120.000 employees down to 65.000. About 6500 more will lose their jobs in the next 18 month. I don’t even care about the numbers in the news; I just know personal friends and neighbors losing their jobs and homes with very little hope. The lucky ones are the ones that took 50% pay cuts and lost their pensions.
Jobless rate at 5-year high: Financial News - Yahoo! Finance
Home loan troubles break records again: Financial News - Yahoo! Finance
Stocks fall as jobs data stirs fear about economy: Financial News - Yahoo! Finance
Today’s news shows 6.1% unemployment with record deficits vs. 3.9% and a surplus and no war expense 8 years ago during the Clinton administration.
The only thing they can do today to appease people is lower gas prices at the pump which drives the dollar up vs. other currencies, not just the euro.
Lower oil and euro will give the European a great boost that will show up in the next quarter.
One major difference between the US and Europe; if you lose your job in the US, you lose your home, your car and most importantly your heath and medical insurance vs. in Europe; it’s a paid vacation….
Those are facts not emotions.
I don’t like deceptions,

[Abou-Eddie]

Originally Posted by J. Abizeid

I hope your optimism is in place, I wonder if you felt the same back in July.
Noting has change today. It’s a nonstop deception game.
I work for a major company that shrunk from 120.000 employees down to 65.000. About 6500 more will lose their jobs in the next 18 month. I don’t even care about the numbers in the news; I just know personal friends and neighbors losing their jobs and homes with very little hope. The lucky ones are the ones that took 50% pay cuts and lost their pensions.
Jobless rate at 5-year high: Financial News - Yahoo! Finance
Home loan troubles break records again: Financial News - Yahoo! Finance
Stocks fall as jobs data stirs fear about economy: Financial News - Yahoo! Finance
Today’s news shows 6.1% unemployment with record deficits vs. 3.9% and a surplus and no war expense 8 years ago during the Clinton administration.
The only thing they can do today to appease people is lower gas prices at the pump which drives the dollar up vs. other currencies, not just the euro.
Lower oil and euro will give the European a great boost that will show up in the next quarter.
One major difference between the US and Europe; if you lose your job in the US, you lose your home, your car and most importantly your heath and medical insurance vs. in Europe; it’s a paid vacation….
Those are facts not emotions.
I don’t like deceptions,

I fully understand your frustrations and deceptions but you cannot link the exchange rate issue solely on the general economic situation. If you were to do that, you would find it very difficult to explain how the dollar/euro was at 0.86 in 2000 and reached about 1.45 end 2007 while the US economy was supposedly doing great and your company was employing 120,000 people. It is not as simple as that.
I have been bullish on the dollar since February, and to be frank, I was a little worried in May/June/July but now I am convinced. I could be wrong to be optimistic but I have to follow my feelings. By the way, I was spot on in 2000 when I exchanged all my USD to Euros at 0.89 and I was stupid to sell the Euros in 2004 at 1.28. At the time, I thought we had peaked.
By the way, people in Europe typically buy their houses on mortgages and their cars through loans. So losing their jobs is equally detrimental to their lives as their counterparts in the US.

[Raficoo]

Euro's up to "1.43619"!

[Raficoo]

Euro is now 1.44107!!.


Euro's Fighting back its down drop....wonder how high it'll go back

[dodzi]

1.422677...

That's pretty fast!

[Zouxi]

now 1.4152....that's great, it will be like 1.38-39 at the end of the week...