Euro (€) Currency Thread

dealsearcher

inspector_monkfish wrote: »

make that 1.05 then.....

Now you are tempting them ...

inspector_monkfish

dealsearcher wrote: »

Now you are tempting them ...

reverse psychology !?

inspector_monkfish

15:27 12Mar09 Eur/Gbp: Natural profit taking after the SNB madness

15:27 GMT - [EUR/GBP] now down half a cent or so after peaking at 0.9320
earlier, a fesh six-week best. The cross spiked to those outsize highs in
the fallout of the shock SNB moves and now we are seeing natural profit
taking. Despite the tentative correction, the uptrend is clearly still
intact and we expect much better dip demand to emerge into 0.9200/25.
Gbp/Jpy has reclaimed its 135-plus status on speculation the BOJ/MOF could
next follow the lead of the Swiss CB. At this stage, we suspect the
136.30/50 region could prove a short-term top, as this latest move is
purely a case of putting two and two together. Meanwhile, Cable continues
its fairly volatile range trade bias after the false break beyond 1.39
pre-Europe. We are fairly neutral in the latter at current levels.

jackieblack

inspector_monkfish wrote: »

reverse psychology !?

did it work?

inspector_monkfish

jackieblack wrote: »

did it work?

hmmm... it was 1.0838 when i came in this morning..... and now its......1.0795

so i guess, no it didn't work !!

dealsearcher

inspector_monkfish wrote: »

hmmm... it was 1.0838 when i came in this morning..... and now its......1.0795

so i guess, no it didn't work !!

The day is still young!

dealsearcher

Up to 1.082 (!). Just waiting for the next pointless attack on the pound.

JasonLVC

I'm beginning to think there is some market manipulation going here...

I wonder if government(s) are doing something to stop the likes of George Soros and Co. from destroying a currency like they did to the Pound back on Black Wednesday.

I cannt see any government allowing speculators to devalue a currency anymore, be it £ or euro so much as they had done before, so maybe something is afoot to keep the currencies around a certan level to stop those speculators?.

Or maybe it's just the mystery of Foreign Exchange!

dealsearcher

JasonLVC wrote: »

I'm beginning to think there is some market manipulation going here...

I wonder if government(s) are doing something to stop the likes of George Soros and Co. from destroying a currency like they did to the Pound back on Black Wednesday.

I cannt see any government allowing speculators to devalue a currency anymore, be it £ or euro so much as they had done before, so maybe something is afoot to keep the currencies around a certan level to stop those speculators?.

Or maybe it's just the mystery of Foreign Exchange!

The pound is being manipulated. A swiss bank has been manipulating it.

Like you I thought that governments would put a stop to this after the Soros ERM debacle. However this government has said they are quite happy for the pound to fall to supposedly help what exports we have left, even though much of what we manufacture requires imports of raw materials.

These swiss and other banks are just obliging the goverment. Nothing seems to have changed. Now where have we heard that before?

inspector_monkfish

dealsearcher wrote: »

The pound is being manipulated. A swiss bank has been manipulating it.

Like you I thought that governments would put a stop to this after the Soros ERM debacle. However this government has said they are quite happy for the pound to fall to supposedly help what exports we have left, even though much of what we manufacture requires imports of raw materials.

These swiss and other banks are just obliging the goverment. Nothing seems to have changed. Now where have we heard that before?

hear hear

i've been saying for a while now that something is definitely afoot here!
there seems to be no usual rhyme or reason to markets reaction recently

usual reactions to market news are just not being seen....


currently trading at 1.0775