Is Goldman Preparing To Reevaluate Its EURUSD Target... Again?

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Tue, 08/31/2010 - 08:12 | 554797 newstreet
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Just try to make a few pips every day, then go home.  Leave the big picture to somebody else.

Tue, 08/31/2010 - 08:19 | 554804 rc whalen
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"this involves a regression incorporating 5y CDS spreads, 2y EUR and US swap rates, oil prices and the VIX." This is called called driving backwards using the rear view mirror.  I wonder if the folks at GS have adjusted their swap spreads and VIX factors to take account of the fed's actions in the dollar markets.  QE does not just affect U.S. bonds.  Chris 

Tue, 08/31/2010 - 08:18 | 554805 unwashedmass
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so i guess this means, the EUR turns up to kiss the 1.30 goodbye forever.....the dollar goes down, which in turn, tries to help the stock market move up and attract some of the peasantry into it before it explodes.....

and actually causes the banks (!!!) to lose money on the "rally" they engineered to steal the very last pennies the peasants have managed to hang on to...

have i got it right, GS?

Tue, 08/31/2010 - 08:26 | 554813 MichaelG
MichaelG's picture

unsupportive BBoP backdrop

The word "bebop" is usually stated to be nonsense syllables [Wikipedia]

Plenty of 'nonsense syllables' in the analysis above.

Tue, 08/31/2010 - 08:32 | 554821 Bearster
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I don't think you can evaluate the world's reserve currency by this sort of analysis.  GBP vs. CAD, yes.  USD?  No.

Why did USD go up so much during the "credit crunch" of late '08?  It wasn't due do the "surprise index"!

Tue, 08/31/2010 - 09:16 | 554890 Careless Whisper
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is ZH so desperate for eyeballs that it has to publish this crap from squid?

Tue, 08/31/2010 - 12:23 | 555358 edotabin
edotabin's picture

How can the $ drop long term against a currency that so many have predicted will fall apart in the coming years? It isn't only the guy at Dan22's link that is predicting this. 

http://blogs.telegraph.co.uk/finance/author/ambroseevans-pritchard/

has been beating the drum rather loudly as well. Others too.

Wed, 09/29/2010 - 07:09 | 612147 Herry12
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