megabear Posted May 1, 2003 Report Posted May 1, 2003 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?
Metamucil Posted May 2, 2003 Report Posted May 2, 2003 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
Guest Posted May 2, 2003 Report Posted May 2, 2003 Yep, the US dolor is overdue for a bounce - perhaps to around 100 or so on the $USD: Meta, there is no such thing as $XCA on StockCharts. If you mean the Canadian dollar, the symbol is $CDW. Regards, Vesselin
Guest Posted May 2, 2003 Report Posted May 2, 2003 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.
Metamucil Posted May 4, 2003 Report Posted May 4, 2003 Meta, there is no such thing as $XCA on StockCharts. If you mean the Canadian dollar, the symbol is $CDW. Regards, Vesselin Thanks Vess, I am so busy that neurons are starting to fall off........ Kicking myself hard.....this was an easy trade
rayok Posted May 5, 2003 Report Posted May 5, 2003 U.S. dollar bounces at .95, spends some time trading between .95 and .99 before resuming down trend.
Metamucil Posted May 6, 2003 Report Posted May 6, 2003 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.
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