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Their recent FX calls haven't beent the typical "trading against our clients" style we've come to expect from GS.
Remember they called for 1.50s EURUSD late last yr and were pretty much spot on. With everyone and their grandmothers on board the short USD train, it might be wise to consider a reversal imminently.
Yeah. They're probably right. But lately whenever I read something from GS I laugh.
I am thinking the opposite - pressure will remain on dollar . They are in the Fed camp of "inflation is transitory ."
Part 1: http://www.youtube.com/watch?v=xj0pM5FoYbsPart 2: http://www.youtube.com/watch?v=TeMlL3ANprI Part 3: http://www.youtube.com/watch?v=5nSpWaN7CEoPart 4: http://www.youtube.com/watch?v=r36tfTsS7To Part 5: http://www.youtube.com/watch?v=74dxhpsFrQc Part 6: http://www.youtube.com/watch?v=3KjH49jm0vE Part 7: http://www.youtube.com/watch?v=cxl9YSm57RY
Is Standard & Poor's owned by Goldman Sachs, or is Goldman Sachs owned by Standard & Poor's? That's what I get out of this...
IOW, late to the party of "obvious".
Is the first website to go bullish on the US Dollar and this just happened 1 week ago.
Check it ou
Faros Trading (see over at King World news)* does not expect an imminent weakening of EUR/USD. Will the Middle East Banks want to keep their trillion dollars of oil revenues in 2011 in the USD at the present lousy interest rates and with the US fiscal insanity?
"Market participants are still overwhelmingly USD negative..."
" We remain heavily biased to short USD positions and feel that the opportunity in EUR, AUD, CAD, and Gold is far from over in G10. Emerging market favorites include KRW, IDR, INR, RUB and BRL.”
200 pips lower in a few hours sounds like "weakening"
this I hate the most! - GS announcing something I've been thinking of
EUR Still Driven by Dollar Direction (primarily) and EU Rates (secondarily)
blah, blah, blah
Long Run Dollar Decline Intact; But Near-Term Risk Aversion Could Hurt EUR/$
TD, What is the date on this report?
Is it me or is Goldman giving some useful insight?
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