Euro (€) Currency Thread

inspector_monkfish

currently trading 1.1340 ( 0.8818)

loveunit

I just got a call from my forex trader, asking if I wanted to buy Euros now, he said something like this:

things are going well, but the recent trend is for this not to last.

I told him I would wait a few more days - I need to convert £'s to pay for a house ( within 2 weeks ) which started my interest in currencies a few weeks back.

Am I being greedy or smart?

inspector_monkfish

loveunit wrote: »

I just got a call from my forex trader, asking if I wanted to buy Euros now, he said something like this:

I told him I would wait a few more days - I need to convert £'s to pay for a house ( within 2 weeks ) which started my interest in currencies a few weeks back.

Am I being greedy or smart?

read this to him....


14:51 15Apr09 Eur/Gbp: Bears eye 2009 low of 0.8637

13:50 GMT - Bears are touting the 0.8637 2009 low so far as a realistic short term target in [EUR/GBP]. The cross traded above 0.90 as recently as Mon, but since the return of Europeans from their Easter break trade has largely been a one way street. Interbank names have been active, but corporate and hedge fund supply has also been prominent.

The RICS was a minor Gbp positive, as well as plenty of broadsheet reports talking of possible year-end bottoms in the UK housing market and broader economic slump, a spur for a previously disproportionately sold Pound. Conversely, the Euro has been dominated and weighed by dovish ECB talk (Orphanides and Weber) and the market is factoring in another ECB rate cut and the implementation of non-conventional measures in May. Ahead of 0.8637, 0.8725/30 should lend some support. Keep selling (Euro) intraday strength.

- - - - - - - - - -

FYI, 0.8637 equates to 1.1578

loveunit

@ inspector monkfish - thanks!

I think I'll play the waiting game a little longer...

inspector_monkfish

loveunit wrote: »

@ inspector monkfish - thanks!

I think I'll play the waiting game a little longer...

yeah, much more fun !


up to 1.1372 now

TuftyMatt

1.1578 should get my 1.14 from Caxton.

May 7th looks interesting for Eur / GBP.

Thanks Inspector for the info updates.

rutherford777

Inspector Monkfish has claimed another victim!

I too am hooked with the spot rates on the Forex site :rotfl:

Going away at the end of this month so keep rising pleeeease!

loveunit

morning, how we feeling about things today - seems to have hovered over night and now thinking about breaking down - it's down against the dollar also?

loveunit

I should listen to myself! - dropping sharply, is this because of the JPM results?

inspector_monkfish

just a bit of profit taking
don't panic mr mannering