Chinook's EUR/USD (E/$)Mumblings
- Thread starter chinook
- Start date
taodr:
You are probably right too.
Moreover, the action was announced just 2 days before.
I think this link would be very useful for traders:
http://www.publicdebt.treas.gov/of/ofannpr.htm
You are probably right too.
Moreover, the action was announced just 2 days before.
I think this link would be very useful for traders:
http://www.publicdebt.treas.gov/of/ofannpr.htm
Essentially the failure to break 1.2350 saw people take profits and turn the other way. And yes, people are waiting for Greenspan's testimony where he will either confirm the view yesterday given by a number of sources that said the economy in the US will grow 3.4% in 2005 versus an abyssmal EU one.
I understand that all this discussions about why are just discussions but still it was an interesting situation:
I think the reason why euro falls is moves of Asian CBs. The day before EUR/YEN was at real rally to 131,8. Many sources explains that as new changes coming in Japan commercial code, but why USD/YEN was at no significant change that time?
I think those banks decided not to buy directly dollars for coming US Treasury action just because to rise eur in price (for the moment few exporters make transactions) and in size for coming action. So they slowly but firmly rise EURYEN for exporters and then for the moment 1.2350 simply started convertation from eur to usd to buy 5-year bonds.
BTW, as I understand in payment terms it could be on tender date - 8th June or on issue date 15th June. So will see...
And it's one reason why <1.2350.
Concerning Greenspan, there are two ways, US economy good news or stop trend to high rates. So also will see
I think the reason why euro falls is moves of Asian CBs. The day before EUR/YEN was at real rally to 131,8. Many sources explains that as new changes coming in Japan commercial code, but why USD/YEN was at no significant change that time?
I think those banks decided not to buy directly dollars for coming US Treasury action just because to rise eur in price (for the moment few exporters make transactions) and in size for coming action. So they slowly but firmly rise EURYEN for exporters and then for the moment 1.2350 simply started convertation from eur to usd to buy 5-year bonds.
BTW, as I understand in payment terms it could be on tender date - 8th June or on issue date 15th June. So will see...
And it's one reason why <1.2350.
Concerning Greenspan, there are two ways, US economy good news or stop trend to high rates. So also will see
Quote from sKaLpZ:
with all this talk about traders in Russia... anyone there know of any hot Russian women who want to meet a nice, rich, American forex trader?? (or, even meet me?)
Sam
I personally don't know but sure there are a lot of such women.
There are special agencies for such meetings.
p.s. but don't tell her you are a trader...nice & rich is enough