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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (4854)	1/28/2000 3:08:00 PM
From: awi	Read Replies (1) \| Respond to of 42523

Heinz, very real possibility of a bounce, though I'm still cautious before trading a bounce. We might get some more talk about the euro in the weekend. If it slips much further I expect intervention by the ECB. Also, look at this bearish outlook [ biz.yahoo.com ]: EURO EXTENDS LOSSES The euro sank throughout the European day, falling three-quarters of a cent to hit a record low of $0.9739 -- more than 16 percent below the level at which it was launched in January 1999. Its renewed fall came as European Central Bank vice-president declined to comment on the euro's weakness as he arrived at a forum session at the World Economic Forum's annual meeting. The currency has been undermined by concerns about the relative growth and the political outlook in the euro zone in comparison with the United States, coupled with a lack of verbal or direct intervention to support the currency. ``It's the usual culprits at work,' said Glenn Davies, chief economist at Credit Lyonnais in London. ``It's the strength of the U.S. economy and politics in Europe.' Traders said there was no sign the euro's downward momentum was waning. ``Investment flows will continue to go against the euro, and I can see it going down to $0.90 over the next year,' said Stephen Lewis, chief economist at Monument Derivatives in London.