LET'S PLAY IN THE FOREX..AND NOT GET LOST! Message Board

STOCKTALK

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 : LET'S PLAY IN THE FOREX..AND NOT GET LOST!

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Spark who wrote (138)	6/7/2007 7:43:35 AM
From: RockyBalboa	Read Replies (1) of 247

Forex,... broken neck in European currencies; fwiw, after the rate hike there is no follow through so the 1.32 target for EUR becomes viable. I'll try that. Theres no hope for a US rate cut so people may end up buying (back) the USD. The Yen carry trades are becoming nervous. There was some power surge in the Yen/Usd which showed traders where the Yen bottom is. The unlikely winner was the GBP/YEN trade with levels over 240. 3 years after a hedge fund called it, the Euro twin short becomes viable: Short the DAX and short the EUR. Driving force are the interest rates where the Euro Treasuries tank and never look back. At one point when people move more money out of stocks those contracts will bounce. At first it needs to trade as cheap as possible. it is now down 9% from the traded high. For the currency stocks and bonds do matter. If neither of it sees buyers the currency gets sold. Funny how a weak eurozone retail sales reading tanked the market.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next