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euro getting tagged again! dollar rising
- Thread starter killATwill
- Start date
Quote from The Kin:
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A rise in USD implies the rest of the world is in a more serious crisis than us. At least that's my interpretation anyway of a dollar rally.
Not more serious, just somewhat unexpected. In the past days, New Zealand and Ireland officially declared to be in recession. Only now is the magnitude of recession (or worse) in the eurozone, austral-asia, etc being priced in. jmo
But this cannot be. The Euro is headed up! To 1.700 against the USD. I read it here: http://www.elitetrader.com/vb/showthread.php?s=&threadid=108059 and here: http://www.elitetrader.com/vb/showthread.php?s=&postid=2082305
Nice find. Where are all the Dollar bears that were explaining how the Fed has to perform emergency rate hikes in order to support the Dollar and how the ECB was mastering the situation so professionally?Quote from MGJ:
But this cannot be. The Euro is headed up! To 1.700 against the USD. I read it here: http://www.elitetrader.com/vb/showthread.php?s=&threadid=108059 and here: http://www.elitetrader.com/vb/showthread.php?s=&postid=2082305
Quote from makloda:
Nice find. Where are all the Dollar bears that were explaining how the Fed has to perform emergency rate hikes in order to support the Dollar and how the ECB was mastering the situation so professionally?
You really don't get it do you? Trichet got exactly want he wanted. A weaker, export friendlier Euro without needing to bastardize rates.........
A Macro reason why the USD is rising:
"The Lehman Brothers Europe bankruptcy has ENDED London's presumed benefits from Wall Street's unfolding demise because segregation of customer accounts is nonexistent. Customers are NOW creditors in the bankruptcy. US law prevents this."
The Source for the article - Ty Andros
http://www.safehaven.com/showarticle.cfm?id=11403&pv=1
My words- In short, this means the Global Investors are fleeing the fact that segregation of client accounts is non-existent in many European banks. The net effect is perhaps a temporary move up in the USD.
I have been short EURJPY since June 20th.
"The Lehman Brothers Europe bankruptcy has ENDED London's presumed benefits from Wall Street's unfolding demise because segregation of customer accounts is nonexistent. Customers are NOW creditors in the bankruptcy. US law prevents this."
The Source for the article - Ty Andros
http://www.safehaven.com/showarticle.cfm?id=11403&pv=1
My words- In short, this means the Global Investors are fleeing the fact that segregation of client accounts is non-existent in many European banks. The net effect is perhaps a temporary move up in the USD.
I have been short EURJPY since June 20th.
Quote from psytrade:
The is a Macro reason why the USD is rising:
"The Lehman Brothers Europe bankruptcy has ENDED London's presumed benefits from Wall Street's unfolding demise because segregation of customer accounts is nonexistent. Customers are NOW creditors in the bankruptcy. US law prevents this."
The Source for the article - Ty Andros
http://www.safehaven.com/showarticle.cfm?id=11403&pv=1
My words- In short, this means the Global Investors are fleeing the fact that segregation of client accounts is non-existent in many European banks. The net effect is perhaps a temporary move up in the USD.
I have been short EURJPY since June 20th.
you do not change your currency just because you may need to change the location of your money...