euro
Talk In The Street 6-8-10
Traders are talking about the harsh reality for the EUR at this point is that the
authorities there seem almost everywhere to believe that a materially weak EUR is something to be embrace rather than avoided, and that the weak EUR shall inure to their export benefit. In the long run that may in fact be correct, for if the EUR were to weaken dramatically enough exports will increase and imports will decrease, the balance of trade will swing materially
in Europe’s favor and perhaps the currency will eventually strength. But that is months, if not a year or two into the future, for the lag between a materially weakened currency and the “benefits” that that weakness is supposed to engender can but, and
almost always are, very long indeed.
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Talk In The Street 5-28-10
China SAFE Scam!!
The Rumor about the Rumor that China was going to abandon the Euro has proved to be False! A typical scam propagated by one of the big dogs to get cheap Euro quickly! Welcome to the wonderful world of FOREX!! I have seen this before and each time I hate it more, but that’s the name of the game! I was fortunate I did nt just hold my nose and jump in, I had that Technical level of 1.2125 that I posted. There is a rumor that it was spread by a big German Bank, but I can tell you from experience there is always more then one cockroach!!….
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Talk IN The Street 5-27-10
The EURO is in SAFE hands in China!!
The big news of the past twenty four hours was a report from China that it was not going to change its policies toward reserve management and that its holdings of EUR-zone debt securities were being reviewed. SAFE… the wonderful acronym for the State Administration of Foreign Exchange…
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Talk In The Street 5-24-10
The Euro has been supported all weekend by being talked up by Mr. Trichet
Trichet has been on news station after news station. He is basically threatening massive intervention if you read inbetween the lines, at least that’s what the Commercial Traders are fearful of…
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Vladimir’s Outlook, May 23, 2010
Time for another forex video outlook from my friend, Vladimir. The aftershocks are still being felt from the so-called “flash crash” with authorities still fumbling to give us any clear answers. Well, the market always shifts between polar extremes and today, Vladimir talks about some possibilities on the Euro and Pound as well as two Swiss crosses with the US and Canadian dollar. To watch this video outlook, register for free and join my growing community of forex traders…
If The Euro Breaks Up, What are the Currencies Prices?
If countries left the euro, old currencies would have to be revived. But where would they trade Each country entered the euro with an “irrevocable conversion rate.” The IMF uses the rates in its World Economic Outlook to compare and transform data prior to 1990. Using those rates and the latest euro close of 1.2560 on May 21, we can see how those currencies would trade against the greenback. To read the remainder of this article, subscribe to my trading blog for free…
Talk In The Street 5.19.10
Talk In The Street 5.19.20
Well, I was slightly off with the bounce level but we did indeed get a nice short covering rally. FOREX will be more difficult now, meaning the moves up and down will not just drop or rally 300 pips. We are again going to have to work for the pips. Which is fine, just as long as we take what the market will give and watch our stops.
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Euro Sales Have Gone Parabolic 5.15.10
Euro is near its four year low amid doubts of its own survival!
There was a rumor circulating the commercial banks was that France had threatened to leave the Euro if Germany did not agree to the rescue package. It was denied, but like my old Treasurer Aldo would say “No smoke..No Fire, somewhere in the middle there is the truth.” It put doubts in the back of Traders minds about how committed the two largest architects and economies are to the Euro….
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Up Up And Away, Talk In The Street –May 12 2010
The title to my article today refers to good old XAU or Gold. We have come to a point in time when the smart money has been and will continue to build upon long gold positions. The Talk In The Street is that (and this is very Important)…
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Talk In The Street
I remember in the infancy of the Euro Launch how the Germans were in love with the French, and they snubbed their noses at the Italians. All and all Italy is Uccisione dei loro asini! They are very close to what was wanted in the Maastrict Treaty.
Talk In The Street is that even though massive amounts of Money were thrown at the Euro It could not sustain and hold its short Term gains. I was leaning toward the "Bid Side" and was quickly proven wrong. The Big Dogs are watching the Cross Currency Trades in the Asian Crosses. The Yen’s strength and the EUR’s weakness are particularly troubling to both governments, for the Japanese government clearly would prefer a weaker Yen in order to defend Japan’s export driven economy while the ….
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