Euro and Bloomberg

This is a discussion on Euro and Bloomberg within the General Trading Chat forums, part of the Reception category; I still think there is massive movement to go.........the basis of this is that the US have sorted out their ...

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Old Jun 3, 2009, 8:51am   #16
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ukdaytrader started this thread I still think there is massive movement to go.........the basis of this is that the US have sorted out their problems with the banking very quickly, and now will focus on employment, once the wheels are greased to the machine you can then go ahead and focus efforts elsewhere.

Europe is behind the act a little, they didn't have a huge banking problem but they did not prompt much fiscal stimulus. interest rate reductions as quickly as they should have done. I therefore think there is further downward rate reductions to go. It also looks as if the US is going to be first out, which should prompt cash flows to American equities.

Im going to hold till around 1.38 may be a mistake!
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Old Jun 3, 2009, 9:04am   #17
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You don't understand the dynamics of the risk trade yet do you?
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Old Jun 3, 2009, 9:18am   #18
 
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This is an on-going discussion...

Yes, the US is the first out, but, guess what, they're also the current leaders in the currency race to the bottom. Devaluation of USD suits them just fine and they're taking steps towards that more than any other economy. In particular, EUR, for a whole variety of reasons, will probably be difficult to devalue. Whether that then becomes very negative for the Eurozone economy and leads, ironically, to the weakening of the EUR remains to be seen.

BTW, you should be aware that for every strategist (such as the UBS feller) that recommends one thing, there's another one that would suggest the exact opposite. For instance, the HSBC guys are firmly holding to their long EUR view.
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Old Jun 3, 2009, 10:02am   #19
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ukdaytrader started this thread In the medium term over then next say 6 months, I do think that there will be strengthening of the USD against the Euro, simply because of the first out reason and mainly due to the slowness in which the ECB reacts due to the different cultures and economies operating with the Eurozone.

Eurozone still has issues around implementing fiscal policy for example change in tax rates where each country tax rate, in contrast UK and US are able to implement policies quicker during problem times....as now. Where they're in the s*** it takes them a long time to figure it out and even longer to decide what to do.

Long term you are right this then has a equalization impact in so far as exports out of the Eurozone do become cheaper.

US may favour devaulation but as main reserve currency its not going to happen for some time....and when you got pri*ks like Silvio Berlusconi running countries would you invest in that currency ?
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Old Jun 3, 2009, 1:46pm   #20
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ukdaytrader started this thread For those that missed it there is still some room, it looks like Europe is in the doldrums
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Old Jun 3, 2009, 1:49pm   #21
 
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Here's an interesting bet, who's going first - Berlesconi or Brown?
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Old Jun 3, 2009, 2:03pm   #22
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ukdaytrader started this thread Brown as Berlesconi owns most of the Italian press, and the people dont care about how qualified the PM's are.........they just like P*rn and Sleaze
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Old Jun 3, 2009, 2:18pm   #23
 
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I like porn and sleeze too, and I want brown out asap.

Would love silvio as a PM though - he's a decent chap by all accounts
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Old Jun 3, 2009, 2:25pm   #24
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ukdaytrader started this thread I don't think it is a good idea to change the team captian during one of the worst matches. I think he should be let to sit it out.....he got us into the sh*t and if he can't get us out then he should be publicly hanged at the end of his term.
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Old Jun 3, 2009, 2:26pm   #25
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ukdaytrader started this thread If you think the expense stuff is a Scandal if Silvio got in they would also be charging escort costs to the public purse as well
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Old Jun 3, 2009, 2:32pm   #26
 
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The first time I ended up in a brothel I'd been for an evening at the carlton club, so make of that what you will...
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Old Jun 3, 2009, 4:05pm   #27
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ukdaytrader started this thread I closed the positions at 1.41745 earlier - not bad for a days trade...
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Old Jun 4, 2009, 1:04pm   #28
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ukdaytrader started this thread 1.3 thats what bloomberg gods said............Ive had to go back in again at 1.41357.
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Old Jun 4, 2009, 1:11pm   #29
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You on about eurusd?

the first chart was an old one I forgot about. Kicking myself now.
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eurusd.jpg   eurusd-s-r-jun09.jpg   fib-added-eureud-jun09.jpg  


Last edited by Technically Fundamental; Jun 4, 2009 at 1:18pm.
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Old Jun 4, 2009, 1:18pm   #30
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ukdaytrader started this thread yes
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