Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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From: Haim R. Branisteanu	1/6/2010 11:28:04 AM
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For those willing to go into some risky investments with potential high rewards would suggest to evaluate the EUR/RON pair the recommended trade is short the EUR and long the RON - reason the economic situation in Romania is improving as is in most E. European countries including Ukraine. Poland and Czech Rep. where the first to get out of trouble now Hungary started to stabilized. There are huge FX amounts in Romania as most of the business and saver sold the RON and bought USD and EUR as was the case in many other E. European countries - now those FX savings and hoarding will start to unwind with low imports ahead the currency will strengthen after a binge of import before the crash The Country default swap dropped very substantially - so it is time to buy Romania I forgot to upload gif files so if some one will tell me I will put a snapshot of Bloomberg

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