Eur/USD

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Yes, I heard you mention that saying the first time.

I'm not against the market's irrational behavior. That is, I have no position on the Euro. But the more extreme the upmove, the more extreme the correction. This is an end of the month stampede. Something should and probably will change on May 1.
 
Quote from Ivanovich:

Yes, I heard you mention that saying the first time.

I'm not against the market's irrational behavior. That is, I have no position on the Euro. But the more extreme the upmove, the more extreme the correction. This is an end of the month stampede. Something should and probably will change on May 1.
More...

yes, last year there were saying that the Euro would hit 1.80 ~ 2.00 USD. Then it became 1.00 to 1.00, and who bailed with (what was it?) a 900M loss? No one knows.

I hear you on the correction potential.

I am thinking of getting out, and not waiting for the stops. Am wondering about leaving a part open or not.

In any case, it has been a good month...

Peace
Maria
 
Ivanovich, do you have any evidence of month-end ramping?

Hard to get the timing right on these things.


I think there will be a sell-off in commodity currencies, as Gold just hit $650, and it wont hold that 1st time. Probably USD/CAD would be a good play at the 1.12 level (11yr low).

Scratching my head at all of this though. I think technical analysis and fundamental analysis are pointless on days like today.
 
As I said, I think long term, the Euro is a safe bet upwards. I just expect the speed of it to be much, much less than this week's massive rise.

Well done on the trades this week. Personally, I'd take some money off the table (and I did with USD/CHF and AUD/USD). But that's just me.
 
Quote from YeahIknow:

Ivanovich, do you have any evidence of month-end ramping?

Hard to get the timing right on these things.


I think there will be a sell-off in commodity currencies, as Gold just hit $650, and it wont hold that 1st time. Probably USD/CAD would be a good play at the 1.12 level (11yr low).

Scratching my head at all of this though. I think technical analysis and fundamental analysis are pointless on days like today.
More...

Gold will hold 650, it's an intraday breakout, 700 next.
******
The market is trending, it's so strong;
I tried to pick a top, and I was wrong;
Good thing I still remain long.
 
Quote from bali_survivor:

yes, last year there were saying that the Euro would hit 1.80 ~ 2.00 USD. Then it became 1.00 to 1.00, and who bailed with (what was it?) a 900M loss? No one knows.

More...

Whether Mr. Buffett's realized loss was $900M or not, he had already made around $2.7B shorting USD. Not a bad ratio...

Well done on the Euro longs. :)
 
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