So the ECB's wants to devaluate the Euro.
Let's profit from it.
Short Euro at 1.1009
Please discuss.
Let's profit from it.
Short Euro at 1.1009
Please discuss.
Short Euro
- Thread starter Chuck Krug
- Start date
No interest to short if EURUSD stays above 1.09.
And better get out if EURUSD go above this morning's high @1.1055.
Chris Mac
Bear market rallies can be furious but also opportunities to add or initiate shorts.
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Remember that with the euro you also need to take account for what the U.S. is doing.
Good thinking Redbaron!
So what should we short against?
Not the Yen.
Because they are doing the same thing
So what should we short against?
Not the Yen.
Because they are doing the same thing
So, any thoughts on shorting EUR/GBP?
Bank of England hasn't done any quantative easing recently.
Will look at charts first.
BTW: covered EUR at 1.0920 +1%ish
Bank of England hasn't done any quantative easing recently.
Will look at charts first.
BTW: covered EUR at 1.0920 +1%ish
Sorry Chuck I was going to post sooner but was busy. The answer to your question of what to use to short the Euro against is obviously going to be a stronger currency than the euro. Easier said than done perhaps...
In my opinion it would be best to trade something where perceptions around interest rate hikes and future growth are likely to change and not on stale data. As the poster "experiencedjoe" says "trend leads news and not the other way", however I do not wish to appear like an experienced trader by saying this as I am not.
Experiencedjoe takes a lot of criticism on this forum however if you read all his posts several times over you may notice a lot of the points he makes make a whole lot of sense but this is in my opinion only. Good luck.
I think the Euro fell as much as it would short term. These "devaluation" thingies are priced into the market already and mean nothing.... I do not see parity for Euro/USD in the near future unless Greece actually leaves....
Thanks guys.
This is why this site can be great. A positive discussion.
Maybe I should have added that I live in Europe and my trading account is in Euro. So I'm also looking to hedge that a bit.
Am keeping 20% in dollars now, and have sold some EUR/GBP and EUR/USD too just now.
but would like to add some. Am looking at NZD, AUD and CAD.
This is why this site can be great. A positive discussion.
Maybe I should have added that I live in Europe and my trading account is in Euro. So I'm also looking to hedge that a bit.
Am keeping 20% in dollars now, and have sold some EUR/GBP and EUR/USD too just now.
but would like to add some. Am looking at NZD, AUD and CAD.