Here we go again

Amazingly ECB raised rates 75 bps and the Euro still fell. Maybe yesterday's intraday come back was unwarranted after all.

There is simply no fundamental case for going long the Euro, Pound or Yen.
 
nitrene said:
Amazingly ECB raised rates 75 bps and the Euro still fell. Maybe yesterday's intraday come back was unwarranted after all.

There is simply no fundamental case for going long the Euro, Pound or Yen.
More...

That's exactly one of the points, it is easy to see how everyone is going to short the EUR against any other currency. But with the ECB stepping in, it might be a very risky move.

I would leave the FX market alone and look for the consequences of these rate increases.
 
SunTrader said:
I know not to follow you day late euro short - with "news" after the fact.
More...

I sometimes forget that you are a day trader, based on TA colorful charts. That's why this post is under economics and not the TA section. It is flying over your head.
 
Nobert said:
So both the US & EU printed a lot.

No product was created, yet everyone had a surplus of cash.
When there is a lot of cash & a limited choice, inflation, without a doubt, will follow.

Then why raising the rates so slowly and only now, if it was so clear that such events will follow ?
More...
Friedman said, “Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output."

But notice what he did not say! He did not say, "a more rapid increase in the quantity money than in output will always and everywhere produce inflation."
 
Last edited:
piezoe said:
Friedman said, “Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output."

But notice what he did not say! He did not say, "a more rapid increase in the quantity money than in output will always and everywhere produce inflation."
More...
(Laughs/Smiles)

It's nice to see you picking up on this one. I was wondering when are you going to answer that.
(You said, 3~ months ago, - ,,I will think about it'')

In the end, it matters not. Just curiosity, because things doesn't make sense, yet, that is the definition of the world of finance.
 
nitrene said:
Amazingly ECB raised rates 75 bps and the Euro still fell. Maybe yesterday's intraday come back was unwarranted after all.

There is simply no fundamental case for going long the Euro, Pound or Yen.
More...
Same happened with AUD and GBP. USD is simply gaining strength against them.
 
You must log in or register to reply here.
Back
Top