Tradefair & Financials
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The euro has had a astounding few weeks , highs near 1.38 and lows near 1.32.George soros has been interviewd saying that the euro is headed down big time.Jim Rogers- a previous business partner of soros has also stated that the euro is doomed.Greece headed for the dumpster, portugal downgraded, spain looking over the abyss, UK up for a downgrade, france with fanciful accounting , it goes on and on.
Rumour has it that soros is in the early stages of slamming the euro he is currently orchestrating a meadia campaign to get other hedge funds interested in dumping euro.Th e lplan being an eventual avalanche to to the downside with a stop below parity.Its the thai baht play all over again.
Im planning to dip my toe into this.Even a fall into the low 1.20's is about a 12k profit per contract a fall to parity would be quite delectable for even a 10 contract trade.
Rumour has it that soros is in the early stages of slamming the euro he is currently orchestrating a meadia campaign to get other hedge funds interested in dumping euro.Th e lplan being an eventual avalanche to to the downside with a stop below parity.Its the thai baht play all over again.
Im planning to dip my toe into this.Even a fall into the low 1.20's is about a 12k profit per contract a fall to parity would be quite delectable for even a 10 contract trade.
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Well, I hope the ramping turns out well for you ;)
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The euro must be in the sh1t, even sterling is rising against it.
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I would've agreed with you if you didn't mention the UK up for a downgrade. I fail to see how that has anything to do with the Euro
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1.45 against £ pre 2008 slump now 1.11
1.34 against the dollar |
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give us ur email mrben, Iav current Barclays forex report.
I be long USD on euro strength. The dollar will get whalloped again tho |
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biodesial my email
mrben_2005@yahoo.com.au |
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and as if by magic
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couldn't agree more, everyone is tipping the euro to be screwed, euro been far too strong for too long, needs to get weaker or half of europe will be in uproar. short euro against the dollar looks the play, with a contrarian bet on the £ against the aussie dollar
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Shook hands with the daily 50sma and fell again! :-)
Same with GBP/USD. Very nice! |
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The Euro- is it bound for oblivion..NO, NO and NO, I have just gotten off of the phone to Mr obscurity, President of Oblivion, and he assures me they will not be giving up the Nihility as their national currency any day soon.hth.
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a group of countries including germany and france are about to leave the euro.
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both rogers and soros said exactly the same about sterling this time last year.
still here. |
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The Euro will bounce back. The dollar, euro and pound are all as screwed as each other, just a case of which will be printed into oblivion first.
Never mind the Euro, what about the Pound? It's lost 30% of it's value in last 12 months measured in gold, and around 20% against most other currencies. |
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what can you change the pound into,the euro was a crazy idea without complete intergration,unless we change track we can say goodbye to the good times forever,interest rates need to rise ,and rise sharply the housing market needs to look after itself(fall by 40%),living standards are way too high,the thatcher/blair/brown idea we can all live off the value of our houses was the biggest illusion ever.
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yeah ok...lol.
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