Morgan Stanley Slashes EURUSD Target To 1.30, Says EUR Attraction As An Alternative Reserve Currency Ending

Tyler Durden's picture

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Titus's picture

Silver cocksuckers! 

Cocksuckers seems more appropriate than following "bitches" with "bitches".

Silver Bully's picture

'Bitchez' bitches!

It had to be done.

TradingJoe's picture

"if you have to forecast, forecast often" :)))

Spitzer's picture

The ECB just has to bid for gold with their dollars and Bretton Woods 2 is done.

Dick Darlington's picture

Fitch, the sleepy bear, is waking up. Expecting Saturnus sovereign wealth fund to express CONfidence in Spain and say they will buy all the paper they can get.

DefiantSurf's picture

Shocking revelation from Morgan Stanley, be still my beating heart...EURO as a reserve currency? That was a joke 2yrs ago...

orca's picture

SGD as a CNY proxy, RUB as a commodity proxy, and lots and lots of the rich man's silver in physical form, hedged by ponzifiat.

SheepDog-One's picture

Why in the hell is the Euro 1.30-1 USD there any plausible reason why that should be at all at this point?

Rainman's picture

Euro has had only 12 years to debase itself. Patience.

SheepDog-One's picture

'Reserve currency of favor'....LOL what a joke theyre all nothing but drunken fiat hobos staggering arm in arm down an alleyway signing pub songs of 'hope for tomorrow...tomorrow'

Silver Bully's picture

fiat hobo with a shotgun!

Starring The Bernank!

TheLooza's picture

" So.... what is left if one is looking for a reserve currency?"

the Polish Zloty, obviously.

SheepDog-One's picture

Shells and beads would be better reserve currencies than any of these fiatsco jokes.

mayhem_korner's picture

Shells are a good reserve currency.  I'm partial to 8-shot meeself.  ;)

tickhound's picture

The Canadian $, check.  The Aussie $, check.  The Euro/Swissie, pending...

'Par' with the US $ seems to be a real good score.  Always coincidental, never by design.  Gold traded in $ Dronks.


monopoly's picture

We all know this is taking more time than we feel is needed, but that is the way it is. Miners still in correction mode. Patience and physical gold, silver are good.

monopoly's picture

Ya know, BBY one of the best retailers out there. So, if their sales are collapsing, do you really want to be in any retail? Stock down almost 8% and 50% off of long term high. Same with banks, why would anyone try a trade in an industry where you have no idea what the truth is and they cook their books to make all look better when most are insolvent if the truth be known.  Makes 0 sense to me.

But not shorting this market.

SDRII's picture

the solution is always dilution

youngman's picture

"Another one bites the dust...and another ones gone..another ones gone..another one bites the dust..." that leaves the USD and PM´s.......hmmmmmmmm...easy choice for me....but not for the HFT´s

ziggy59's picture

ooooh...oooohh  Mr. Kotter...i know this one.....pick me...pick me...


The Yen.  muwahahahah

hungarianboy's picture

Gold will go to $1500 per ounce. Just wait and see.

xtop23's picture

What will the DJIA be at your $1500 projection?

hungarianboy's picture

Who cares about the DJIA? It's about the S&P and Russel2000.

But down to.

xtop23's picture

 Only cared about the number of the DJIA as it pertains to Au to compare to previous markets and their numerical relationships , not whether or not its more or less valuable than the S&P in determining relative values. Which it isn't.

LowProfile's picture

I'm betting $1300/6000

Then to infinity, and beyond

xtop23's picture

What is the deal with Morgan-Stanley lately ? They've been releasing decent information ( although hardly surprising information and the reserve currency comment is laughable ) .

Drumming up business ? Need to attract some customers that have some actual intelligence since the stupid fish were already taken down or have pulled out of this bipolar algo induced Hell of a market ?

Of course if they had intelligence they'd do their own investments and eliminate the middle man .

Budd Fox's picture

Australian and New Zealand dollar...but none of us wants to be nobody's reserve currency . Keep us out of the mess...please.

moxia19's picture

From 1968, the north face sale shop became known as north face brand from a little shop, at that tiem the north face sale store retails high-performance climbing and backpacking equipment.

moxia19's picture

Warmly welcome you to my true religion jeans on sale online store to purchase cheap true religion jeans in excellent detail designs.

moxia19's picture

Now is the best time of year to buy cheap true religion jeans from true religion outlet shop or true religion sale online store,they are offering the best price for you now.