• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

Goldman Warns The EURUSD Surge May Be Coming To An End

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Thu, 05/05/2011 - 07:05 | 1242298 Bubbles the cat (not verified)
Bubbles the cat's picture

LMFAO (seriously)

Thu, 05/05/2011 - 07:08 | 1242302 ZeroPower
ZeroPower's picture

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.

Thu, 05/05/2011 - 07:20 | 1242318 Bubbles the cat (not verified)
Bubbles the cat's picture

Yeah. They're probably right. But lately whenever I read something from GS I laugh.

Thu, 05/05/2011 - 07:20 | 1242317 Hephasteus
Hephasteus's picture

Haaapimpcochoo

Thu, 05/05/2011 - 07:24 | 1242324 bingaling
bingaling's picture

I am thinking the opposite - pressure will remain on dollar . They are in the Fed camp of "inflation is transitory ."

Thu, 05/05/2011 - 07:36 | 1242342 jaffi
jaffi's picture

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". 

Thu, 05/05/2011 - 07:55 | 1242382 Beamerball
Beamerball's picture

http://etfusdollar.com/

 

Is the first website to go bullish on the US Dollar and this just happened 1 week ago.

Check it ou

 


 

Thu, 05/05/2011 - 08:17 | 1242441 Zer0henge
Zer0henge's picture

Dollar bitchez...

Thu, 05/05/2011 - 08:37 | 1242519 Jack Sheet
Jack Sheet's picture

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.”  

* http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/5/2_Far...

 

 

Thu, 05/05/2011 - 09:43 | 1242885 Tyler Durden
Tyler Durden's picture

200 pips lower in a few hours sounds like "weakening"

Thu, 05/05/2011 - 08:44 | 1242573 ivana
ivana's picture

this I hate the most! - GS announcing something I've been thinking of

Thu, 05/05/2011 - 08:52 | 1242605 Urban Redneck
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HFT summary:

blah, blah

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/$

blah, blah

Thu, 05/05/2011 - 09:04 | 1242680 cheesewizz
cheesewizz's picture

TD, What is the date on this report?

Thu, 05/05/2011 - 09:20 | 1242762 JimBobOMG
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Is it me or is Goldman giving some useful insight?

Thu, 05/05/2011 - 09:20 | 1242776 JimBobOMG
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:x

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