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Safe Wealth is calling for a major reversal in the euro vs. dollar. I see our good doctor here sees at least a near term bounce in the dollar. Does anyone else have any ideas?
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US Dollar and the Euro
Elliott (safewealth) calling for US$ - up Euro - down
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#2
Metamucil 
- Associate Professor of Stock Proctology
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- Joined: 16-February 02
Posted 01 May 2003 - 09:57 PM
Maybe a near term bounce........I wouldn't load up on the Euro right now...it's pretty overbought, but it is a bull and must be traded accordingly.
confirms above....and more currency stuff
confirms above....and more currency stuff
"I know the human being and fish can coexist peacefully"____George W. Bush, 7/29/2000
#4
- Group: Guests
Posted 02 May 2003 - 07:23 AM
Despite my scepticism on that currency, maybe UK sterling is an interesting idea for US $ based investors at least in the short terms.
There seems to be a fairly good inverse correlation between sterling and the dollar index.
Furthermore despite the recent rally in the dollar index sterling has been falling steadily against the euro. This could be significant as there is apparently better liquidity in the euro/sterling <-> sterling US$ cross as opposed to the straight euro / US$ cross.
There seems to be a fairly good inverse correlation between sterling and the dollar index.
Furthermore despite the recent rally in the dollar index sterling has been falling steadily against the euro. This could be significant as there is apparently better liquidity in the euro/sterling <-> sterling US$ cross as opposed to the straight euro / US$ cross.
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#5
Metamucil
- Associate Professor of Stock Proctology
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- Group: Members
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- Joined: 16-February 02
Posted 04 May 2003 - 06:49 PM
bontchev, on May 2 2003, 03:42 AM, said:
Meta, there is no such thing as $XCA on StockCharts. If you mean the Canadian dollar, the symbol is $CDW.
Regards,
Vesselin
Regards,
Vesselin
Thanks Vess,
I am so busy that neurons are starting to fall off........
Kicking myself hard.....this was an easy trade
"I know the human being and fish can coexist peacefully"____George W. Bush, 7/29/2000
#7
Metamucil
- Associate Professor of Stock Proctology
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- Group: Members
- Posts: 4,874
- Joined: 16-February 02
Posted 05 May 2003 - 11:19 PM
rayok, on May 4 2003, 09:41 PM, said:
U.S. dollar bounces at .95, spends some time trading between .95 and .99 before resuming down trend.
Yep.....
and how about this pos rally? Locked and loaded.
"I know the human being and fish can coexist peacefully"____George W. Bush, 7/29/2000
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