EURUSD - Trends, Forecasts and Implications (Part 3) - page 862
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Well the way I see it, the connection is like the jump in the yen after the earthquake.
Terrorist number one has been killed. The reaction of his supporters is to take revenge. So the threat of terrorist attacks.
But I don't think it will go below 1.4800.
Threat = bad economy... so why did the USD go up ? not... not that... Going down 61% on the phib....
EUR slumped... dig in...
The ishimoku is like this... Tenkan line has been broken... return to it as resistance line and further rise.
Threat = bad economy... so why did the USD go up ? no... not that... Going up 61% on the phib...
the price of oil has fallen, so the quid has risen, and the liquidation of Osama bin Laden is not out of the question
The price of oil has fallen, so the quid has risen, and the liquidation of Osama bin Laden may have had an impact.
Threat = bad economy... so why did the USD go up ? no... not that... Going up 61% on the phyb...
EUR is down... dig in...
The ishimoku is like this... Tenkan line has been broken... A return to it as a resistance line and further growth.
I'm also waiting up, but the candle is so ugly on the daily chart
I'm waiting up too, but it's getting so ugly on the day.
Yevgeny Romanov
Frank was waiting for an occasion, the occasion was KoF 2.29. The occasion could have been anything, just to break and not work his head on the hour. This is typical. It's more typical when currencies go into uncharted territory and make new all-time records. They like it so much that you never know - when? - when will it end? - you never know - when will this misery be over? But you think so when you go against the records, looking for the bottom of the dollar in a leaky bucket, but there is no bottom, and even the Mongolian tugrik easily slips through the holes. And the franc, in all its glory, selling it? I do not envy you if it is like that. Well, it'll bounce back at some point, of course. Somewhere. There she is, she's passed the 87th figure. Friday, it's typical to close tight, no pullbacks. If there was a big move and then it becomes Friday night, it's a rotten business to wait for a comeback, it's a big miracle needed. Typically vama shit and not a pullback, typical pressure is dumb. So what else to do here today, I have no idea. Especially - end of the month, it's just a bummer. World bummer, not a trade. The franc would have been fine, but it is totally dollar, but not yet a record in the dollar index, because they are afraid to buy the euroland. Canada geese are flying, eyes rolled, kangaroo is totally pissed off in Aussie, and the eura made a divergence on the hour. Spread out. Have you seen the unemployment in Spain today? That's what I remember, about 10 years ago, such in Poland was ridiculous, about 20%. The Spanish have gone even further, over 21%. It's just that the whole of Spain is about to be grandfathered in. And they're still going on, silly, we're not Greece. We're not Ireland. We're not Portugal. No, Portugal said it wasn't Greece either and we agreed all the time - it's definitely not Greece. But the same dick grew up there, only in profile. And in Spain horseradish to horseradish. Over 21%. So a divergence on the eu, but unlikely to work today.
The US dollar fell to a record low today against the Swiss franc at 0.8644. This was influenced by hawkish comments from the president of the Swiss National Bank (SNB).
SNB governor Philippe Hildebrand said that rising oil and commodity prices are beginning to create inflationary risks in Switzerland. From his point of view, the Swiss economy is growing more strongly than expected in spite of a depreciating national currency. The KOF economic barometer unexpectedly rose from 2.25 in March to its highest level since August 2006 at 2.29 in April, while economists had expected a decline to 2.20.
Analysts at UBS, however, stress that although many expect a central bank rate hike in June, Hildebrand is being cautious, leaving reservations in order to be able to not tighten monetary policy in case of weaker exports or a further strengthening of the franc.
"The euro has nothing to fear," Schlesinger said. Of course, the degree of depreciation is "cause for concern", but its level is not "catastrophically low".
Over the past six months, the euro has fallen 20 percent against the U.S. dollar. In addition, the debt crisis in Greece provides a bad backdrop and undermines confidence in Spain and Portugal, which are experiencing similar problems. All of this is leading to speculation about the possibility of the collapse of the single currency area.
The loss of confidence in the euro and its depreciation has forced eurozone leaders to declare an emergency rescue plan and at the same time the ECB has started buying government debt.
The marginal drop of 8 points last May was localised and sustained. "At this point, it is not even possible to imagine the end of the euro," says Schlesinger. - "If that were to happen, it would cause so many problems and complications, including economic ones, that it's not even worth talking about.
"The strength of Central European economies has a very strong impact on the euro area economy as a whole, even serving as a compensating factor in the situation with Greece and possibly Spain and Portugal," he added.
According to many experts, Euro must be stable in 2011, however US dollar will remain the most suitable currency for investments. So far no country can give a new world currency and almost all of them are pegged to the dollar.
The forecast for the euro this year is as follows: The difference between it and the dollar is 1.5 in favour of the euro; the fluctuations should be small.