SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Haim R. Branisteanu who wrote (616)9/8/2003 11:49:56 PM
From: Haim R. Branisteanu   of 110194
 
and this daily report was filed by Deutsche Bank on Sept 3

EUR USD (1.0795) Day-traders waited until the US data were safely
out of the way before trying to buy dips yesterday. In a scenario that has
become increasingly familiar over the last few weeks, traders are almost
expecting economic data from the US to be better-than-expected. The
purchasing managers data did not disappoint, in this respect; after a
fleeting move lower, the single-currency climbed to a NY peak of 1.0895 on
the back of short-term buying. Thereafter however, all interest to hold
euros evaporated. It plunged to and closed at the low of the day
(1.0805/10). This morning in Asia, the euro fell to 1.0765, the lowest level
since April.
Objective achieved. After an early violation of the initial support yesterday
morning, our finger was already on the trigger for the break of the critical
1.0870 pivot. So far, the target level (1,0760/65) has been the low, but we
doubt that it will remain so. A residual risk remains to 1.0650/60, which is
also our medium-term objective. As long as the euro does not recover to
above 1.0845/50, we now treat this as the next near-term goal. On the upside, additional resistance stands at 1.0895, but the euro will only earn a
stabilisation above 1.0970.
* The EUR-Sentiment Survey is available as a separate document

So were has the EUR closed 2 days later ? 1.1110
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News