Want to bet Euro won't drop below 1.48 within next few days ?

Quote from ramaTrade:

Euro cannot hold up even when the GDP number is bad. The put IV is dropping a little bit.
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Yeah because the Yanks are selling the crap out of it...

I looked at the hours for the past two weeks and have noticed that the Americans did the first sell off, then the Europeans, and finally the Asians.

But throughout the entire time the American's have been sellers, and that makes me wonder that we might have a quite a jump back...

BTW If the Euro stays this low the next earning season and beyond will be a field day!!!! Euro companies will make more, and American companies will be suffering quite a bit... I think that might even be the cause of correction.
 
You make a good point - I'm worried about a sharp reaction in the EUR as well. Look at the Open Interest in the Dollar Index Futures (line along the volume in the image attached) and tell me what you make of it.
 

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Quote from christianhgross:

Yeah because the Yanks are selling the crap out of it...

I looked at the hours for the past two weeks and have noticed that the Americans did the first sell off, then the Europeans, and finally the Asians.

But throughout the entire time the American's have been sellers, and that makes me wonder that we might have a quite a jump back...

BTW If the Euro stays this low the next earning season and beyond will be a field day!!!! Euro companies will make more, and American companies will be suffering quite a bit... I think that might even be the cause of correction.
More...

The next earning season is still three weeks away, the USD strength could only affect one third of a quarter's earning. And I don't think the tail can wag the dog.
 
Quote from chad_17:

You make a good point - I'm worried about a sharp reaction in the EUR as well. Look at the Open Interest in the Dollar Index Futures (line along the volume in the image attached) and tell me what you make of it.
More...


You have to wait until 2010 to see any USD correction. For a puts holder, that is a long time.
 
Quote from chad_17:

I don't follow .. What are you implying?
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I assume what you mean is that the EURO's drop will start to reverse itself pretty soon, which I think won't happen until next year.
 
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