You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Chinook's EUR/USD (E/$)Mumblings
- Thread starter chinook
- Start date
Quote from Ivanovich:
Welp, I entered a short at 1.324 as well, with thoughts of the range. Also took a larger EUR/GBP short, as Sterling may see a rate hike in a week (word is getting louder about it). Plus holding that pair is nice with the yield.
A new BOE rate hike? I doubt it, but ECB must now be very concerned about inflation. So maybe we first see a rate hike in Euroland?
Damn, this thing is shooting up fast. Only two big figures from the ATH.
Quote from Baruch:
Maybe sentiment is too one-sided? Who's left to buy, when we all are long?
I don't believe 'everybody is already long' can be a valid argument, ever. Remember that the market will move to correct buy vs. sell imbalances. So if a portion of the shorts decide to give up their short position and go long, it could have a major effect on the market. It does not take massive buying, but instead massive buying relative to selling to drive the market up. As new insights are gathered each and every day, the possibility of this happening is very much present.
I see the ATH taken out before the end of march, we will see what happens next.
Phew - Eur is something to watch!
Trade figures tomorrow - and normally a market mover. I would think dollar is quite oversold and pre/post release we could see dollar rally. Possibly down to 1.33/3280.
I'm still sitting long and expect a retest of the ATH although not before a decent correction.
Trade-ya - still buying?
Trade figures tomorrow - and normally a market mover. I would think dollar is quite oversold and pre/post release we could see dollar rally. Possibly down to 1.33/3280.
I'm still sitting long and expect a retest of the ATH although not before a decent correction.
Trade-ya - still buying?