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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (42908)	2/4/2003 12:50:48 PM
From: Haim R. Branisteanu	Respond to of 52237

I own a big chunk of EUR's as to BEGBX I did get in November and sold at 1.07 or so, but small amount as related to my EUR's CD's BEGBX is invested in EZ bonds and the EZ inflation is not going down even with the EUR appreciation ....... meaning that EZ bond prices may fall due more debt issuances to cover larger budged deficits. (Germany close to 4% France Italy 3% etc.) As to the 1.15 target it is as good as any ones target. Fact is that at 1.08 EZ manufacturers are starting to complain about the strong currency

To: mishedlo who wrote (42908)	2/4/2003 6:27:03 PM
From: Haim R. Branisteanu	Respond to of 52237

Economic reports from the Eurozone also sounded a pessimistic tone, though the uninspiring data did not impede the euro from striving to new highs. Leaked figures from Germany indicated that the country's unadjusted jobless total rose 398,000 to 4.623 million in January (4.5 times that of the US ). On a seasonally adjusted basis, unemployment increased 62,000. Separately, French consumer confidence slid to the most dismal level in five years, falling to -22 last month from -17 in December. On a better note, Eurozone flash inflation eased to 2.1% in January, down from 2.3% last December. This bodes favorably for the prospects of a rate cut by the ECB later on this quarter. While markets are generally expecting the central bank to keep interest rates unchanged at 2.75% this Thursday, the possibility of a rate ease at upcoming meetings cannot be discounted, given that officials have continued to note that growth risks are pointing to a downside. Moreover, many have argued that the steep rise of the euro has eroded much of the impact from the 50-basis point reduction last December, which could prompt the central bank to loosen the monetary reins. EUR/USD encountered a stiff barrier at 1.0908, which marks the point of resistance from January 27th and October 1999. A break above faces curbs at 1.0930 then 1.0960/70, though growing complains from Eurozone exporters and concerned statements from authorities could place a firm cap on the upside at 1.10. On the downside, support is eyed at 1.0835, 1.0760, and 1.0730.