So many sources are saying that the euro rebound on Tuesday was just a one-day thing. Is it true? Are they right? Europe is about to open. It can be an exciting day.
via WORLD FOREX:Euro Loses Steam As Focus Shifts Back To Europe Debt Crisis.
After days of quiet, Euro decided to head south today. Is it really on track towards 1.26 to 1.28 and then 1.20 to 1.23?
Oh, and SNB won’t like it either unless their swiss franc also depreciates against dollar to keep up with euro; otherwise, they are not going to be happy to see EUR/CHF fall below 1.20.
via FOREX-Euro hits 10-year low vs yen, dented by stops | Reuters.
Not much movement is expected on the last trading day before Christmas. Although the major currencies and the stock markets all appeared to be stuck in ranges, the oil prices continued to climb. What are they trying to tell us? Things are looking good all of a sudden? I guess we’ll find out after the holidays.
If you don’t have any positions in the markets now, good for you. Enjoy the holidays with no worries. But if you do, let’s hope SNB or BOJ won’t make any crazy move right before Christmas eve.
Am I a psychic or what? I just wrote yesterday that things were not moving recently and it could be silence before the storm. Today? Voila! Dow soared more than 300 points. Euro jumped more than 100 pips before settling back down to the 1.3080 area. Okay. This might not have been the perfect storm but it was indeed a bigger movement during recent days. Maybe I shouldn’t trade Forex. I should be a psychic.
A couple days ago, the London mayor – I shall nickname him the euro terminator – predicted that euro would collapse within 12 months. Today, BBH, not sure what that stands for, came out and say that euro would fall to 1.24 area by Q1 2012. Well, at least, they are not as doomed as the London mayor. 1.24 does look a lot more optimistic than 0.0000.
via BBH expected that euro to finish Q1 at 1.24
Not much movement. It’s been quiet for days. Euro traded between 1.2950 and 1.3060. Euro/Yen traded between 101.1 and 110.7. Is it because of the holidays? Or a storm is brewing…
Oh, by the way, the mayor of London predicted today that euro would be history within a year. Even with his predictions of doom, markets didn’t care. Apparently, this guy is not a heavy weight in the financial markets. I wondered if he received the same treatment at home, too. He said something and his wife just rolled her eyes as if nothing was said.
via Boris: ‘Bubblegum’ treaty will mean the end of Euro within 12 months
