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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: avanti77 who wrote (48168)4/26/2000 9:44:00 AM
From: pater tenebrarum  Read Replies (1) | Respond to of 99985
 
Donna, that's hard to say in view of the Euro just having hit a new low. however, i think fundamentally it is probably about 15-20% undervalued here. were it not for the gigantic carry trade it would never have gotten to the point where it is now.
eventually the effects of the giant trade imbalance will be felt in the currency markets, and i think a low for the Euro is probably not too far off. we'll see what the ECB has to say tomorrow. it's always possible that they switch from 'benign neglect' to activism.

regards,

hb



To: avanti77 who wrote (48168)4/26/2000 9:51:00 AM
From: Dan Hamilton  Respond to of 99985
 
Here's an article on the Euro's slide. None of the analysts were willing to pick the bottom...

Euro In Deep Adieu
Reuters

1:50 p.m. Apr. 25, 2000 PDT


NEW YORK -- The euro's painful plunge to uncharted lows Tuesday bloodied the already bruised
forecasts of euro bulls who have steadfastly predicted a brighter 2000 for the single currency.

wired.com


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