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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (9837)7/26/2004 10:19:43 AM
From: Haim R. Branisteanu  Read Replies (2) | Respond to of 116555
 
IMHO - the move last week scared plenty of EUR bulls and the rise will be moderate.

Further after a slide of 3% there is a justification for a bounce. I wrote 2 calls today at 1.2150 to hedge my cash and cover around 1.2200

Deutsche Bank now predicts GBP to USD of 1.72 by September.

Unfortunate there is a BIG rise in sentiment toward the EUR up 10% to 53% from last week of 44% and only 22% bears



To: Knighty Tin who wrote (9837)7/27/2004 5:42:13 AM
From: Haim R. Branisteanu  Respond to of 116555
 
What a difference a week makes now Deutsche reversed their prognosis 180 degree - judge for yourself


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