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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (2535)8/30/2000 10:40:51 AM
From: Henry Volquardsen  Respond to of 3536
 
tend to agree.

the US markets just have the smell of wanting to rally once liquidity returns post labor day. this should attract capital.

meanwhile Europe just seems rudderless. The ECB is back to its Hamlet impression regarding a rate hike as they remain trapped between the needs of some of the torrid peripherals and the slower growing core. I don't think this will cause capital flight but it will mean that if there is a market move Europe will tend to follow not lead. Which probably translates into a stronger dollar.



To: Hawkmoon who wrote (2535)8/30/2000 1:16:29 PM
From: Paul Berliner  Read Replies (2) | Respond to of 3536
 
I think this may be the near-top for the dollar here. The Yen is charging towards intermediate-term support at 104, and Cable is a few bad days away from LT support at 1.40. I think Cable is the key. I look for the Euro to rally when Cable bounces off this support, which it undoubtedly will. Cable may even rally sharply off of 1.43.

I would make 1.51 a target to be reached within six weeks.


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