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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Bull RidaH who wrote (130444)	10/20/2001 10:11:23 PM
From: Haim R. Branisteanu	Read Replies (2) of 436258

BR, some remarks the amount of bank currency trading far eclipses the future trades then, 1. last year it was anticipated that Europe will carry the day the Euro rallied to 0.96 2. during last spring this proved bunk and Euro reversed to hit 0.835 on July 5 3. July signaled the weakness of the US economy and the Euro recovered to 0.925 in August. 4. The NAPM report in Sept. showed a supposed stabilization in the US economy the Euro crashed to 0.885 5. The Service NAPM indicated that the economy is not recovering so fast Euro moved to 0.895 6. Sept. 11 event hit trading was stopped by major banks Euro settles at 0.905 7. Stock markets open real economic impact comes out Euro jumps to 0.93 stays about a day by the 22 moves lower. 8. Europe seems to be hit as hard as US, US starts ground mission Euro ends this week just below 0.90 Now from a fundamental point of view the Euro is undervalued I speculate for the next month we will trade side ways. Not sure how it will unfold afterwards it will depend on the political / military situation.......... and Argentina

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