British Pound Collapse...Who is NEXT ?

[Reaver]

Quote from ForexPro:

Gisele Bunchen diversifying into euros was probably the biggest sell signal on the currency we'll get.

Look at a daily chart back in Nov when she said that crap...it will make you laugh out loud....it was nearly a perfect sell signal. Seriously, it's worth taking a look at.

 

[clacy]

Yes, super-duper models making currency forecasts is pretty laughable. Kind of like some of the predictionists on ET

 

[dozu888]

Quote from scriabinop23:

but what if we're at the end of a big expansionary cycle?... aggregate demand for all items falls, prices fall, etc. cash is king.

I'd buy the USD any day. Eurozone will follow us into recession, and will the dollar shorts, with oil demand tumbling, even remember why they are carrying Euros? [tourist currency]

see my post in the thread 'where will the growth come from'.

 

[Bigpipn]

Quote from Reaver:

Look at a daily chart back in Nov when she said that crap...it will make you laugh out loud....it was nearly a perfect sell signal. Seriously, it's worth taking a look at.

I took the liberty to verify this.. Nov 6th..

lmfao

 

[sammybea]

Quote from libertad:

http://www.theglobalguru.com/article.php?id=180&offer=GURU001

http://www.bloomberg.com/apps/news?pid=20601102&sid=afgIuO.vi8wE&refer=uk

One of the few predictions that was dead on.

 

[Ivanovich]

Quote from ForexPro:

Being saying the Eur will collapse for a while, might take 6 months though. The catalyst will be when Trichet starts cutting rates.

I think the catalyst will be when Trichet hints that he's going to begin cutting rates.

 

[amanda33]

Yay! I diversified 70% out of sterling late last year and out of property in '06. The UK hasn't seen any of the recent drop in commodities as the pound has dropped as quickly as they have, although it was rising at the same time too. I'm seeing forecasts of $1.60 and 1 Euro, but no forecasts for the Yuan which is a shame because it's gone from 15 to 12.4 in 12 months.