Chinook's EUR/USD (E/$)Mumblings

Quote from Ivanovich:

Where are the folks that said 1.45 by end of 1st quarter?? Where are they? :)

I'm curious if we're going to start hearing chants of 1.20 now from the same folks.
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1.20............I DON'T THINK SO!
 
I'm back and I'm in the market buying Euro and Yen again for the 1st time in a long time. Took a hiatus to let the $ retrace and now it's time to become reinvolved. I expect 1.45 on the EUR soon (not sure exact timing). :-)
 
Quote from trade-ya1:

I'm back and I'm in the market buying Euro and Yen again for the 1st time in a long time. Took a hiatus to let the $ retrace and now it's time to become reinvolved. I expect 1.45 on the EUR soon (not sure exact timing). :-)
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Welcome back!

Seems like Greenspans speech is once again a damp squib - and if there is no impact then generally it leads to more of the same - which lately has been weaker dollar. So I'll go with you for a move higher - probably a test of 1.3125 soon...

Still question time so don't drop a bomb Greenie...
 
Quote from trade-ya1:

I'm back and I'm in the market buying Euro and Yen again for the 1st time in a long time. Took a hiatus to let the $ retrace and now it's time to become reinvolved. I expect 1.45 on the EUR soon (not sure exact timing). :-)
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Neil - good to have you back. Short term ie. next 24-36 hours which all my reserach is good for :) I cant help but think we may be done with long euro run for now.

Main dollar positive point now is the reafirming of rate hikes by Greenie as I wrote yesterday.

http://www.dailyfx.com/article_daily_brief_021705.html
 
OK this should be interesting now. The EUR bull crowd seem to have the upperhand although there is some significant releases coming around and EUR has reached some serious resistance in 1.3250-1.3300.

There is the prelim. GDP reading tomorrow and of course NFP next week with chances of a good reading. Good chance the USD will trade a bit stronger over the next week or so until NFP is out of the way.

I am currently short EURUSD for a shorter term trade.

Lets see how things pan out, the EUR bull crowd may still dominate and prove me wrong for the next week or so.... my first target is for 1.3150 for the EUR then.... lets see reaction

Any thoughts out there?
 
Quote from trade-ya1:

Continue to buy Euros.
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Well at least you don't disappoint and stay very steadfast..... :)

I am also long EURUSD from quite a bit lower and also see higher in the long term although I see chance for a pullback here circa 1.31 and possibly even lower...

The EUR has shown remarkable resilience in a similar vein to the previous rally to 1.36 where I kept looking for a pullback. I'll be quite a bit more circumspect this time round although the USD strength of late will not just give up this easy I feel.

Good luck.
 
Csaunders, good aim on the 1.3150-ish target. Hope you nailed the profits there.

Otherwise, it seems very biased like Neal points out. Apparantly a lot of "work" is being done on the futures (leading the spot some times perhaps), and we have had daily strong runs upward every day, so buying big dips seem to give the greatest rewards still.

I remember I said to a friend "buy dollars" on new year's eve - but I was not trading at that point, and enjoyed some time off. I hope we see some good trading range for some time now - but I have really no bias right now. Oil is playing an important piece in the future scenario - and changes with regards to oil prices and other surrounding activites seem to have decided to stick around.
 
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