- advertisements -
AS in all Goldman recommendations,it therefore must be time to consider fading Citi's Euro fade the rally trade i.e BUY EUR/USD!!!
1.45 in two weeks...
The disconnect between EUR-fundamentals and EURUSD is worrying
You lost me right there, bud. Paper money has no fundamentals. It has a quantity.
paper money has fundamentals
Draghi and Bernanke
The whole world owns USD even EU countries and companies.
If they need cash, just sell all your USD and bring it back.... and by the way, US Economy is not much better, Total Debt, Private and Public, is 479% of the GDP in the US!
Its a fight of titans, which is less disastrous? ....
As I posted several times in the last weeks, the MegaBanks are heavily positioned towards EURUSD 1.300 for December.
Don't disappoint the MegaBanks! Their models are having a hard time (since they are broken).
gravity is around 1.425, but hey, gravity is something for those who can't fly!
The plate is garnished with the usual EuroBashing (It can't function! Only the DollarZone can!).
Get in the zone...
Italian bonds over 6% today - can't wait to see the end game there...
... beginning of the monetization game...
Fed meeting Nov. 1 & 2 will tell more about EURUSD than anything these clowns say.
According to Klaus Regling, CEO of EFSF, China has bought EFSF bonds. However, he declined to say how much China bought.
Back in late Feb Citi said they wouldn't be buyers of E/U at 1.37 as it was too high at that point and the fundamentals weren't in favour of much more of a rise. A little over 2 months later E/U was 1,000 pips higher.
What they're ignoring is that this current rise isn't about the EZ fundamentals. It's about a massive unwinding of a massive EUR speculative short that was based on the EZ collapsing and US entering a recession. As neither of these things have fully come to pass yet all these speculators have had to do a huge turnabout and cover these shorts. This will continue as long as risk is "on".
It's a little off topic,but what do you think about the Danish Krone?Now is pegged to euro and before it was pegged to D-Mark.Denmark has great trade surplus,low unemployment and self-disciplined people.And no need to worry if the eurozone collapses.
It's all about sell of in treasuries.
I agree to fade this EURUSD move higher. The larger trend remains down for the EURUSD at this point and offers a great risk/reward ratio. The USD seems set to return to a bullish move higher which could be very signicant and signals big moves for the markets as very near. The ES and SPX are set for another small push higher to complete their waves, while the EURUSD, USDCAD, and AUDUSD all point towards a bottom for the USD. http://bit.ly/sW7hwm
The bull run in the USD was the possibility of a complete failure of the EUR That can has been kicked down the road for a couple weeks . Even with the 50% default on Greek bonds the USD tanked.
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.