What do you think is going to happen to the EURO vs the U.S. Dollar in the next month? Today on our 1 pm update we will be looking into the trend of the EURO and point out some very interesting traits about the Forex markets.
Please feel free to vote and add your comments.
Every Success,
The MarketClub Team
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one $ = one € !
If the majority think the Euro will decline against the dollar (which I voted for), then the Euro will probably appreciate against the dollar! Market sentiment at such extremes (69% bearish) are usually wrong.
James,
In most cases I would agree with you on this subject. However, in the currency market unlike other markets the traders a betting against the politicians and they usually win. Trends in the currency markers tend to persist longer than expected even though the majority may be. One way in the market.
All the best,
Adam
Short term the Euro is oversold and could bounce a little. Longer term the Euro is in a liquidating market and is headed lower. If our fearless leaders in Washington don't wake up soon, our dollar will eventually tank also.
WISH I KNEW!!!
Kris,
When you become a member of MarketClub it will be crystal clear. You can find out the answer to you question for just $8.95 when you try MarketClub for a month. You can get started here.
All the best,
Adam
Short term lower, but it matters little, as the currency and investment of choice is GOLD.
Your triangles do not currently support this, but i believe you have falling prey to some "chart painting" in Gold and Silver.
Very dangerous to be short either metal at this stage.
Time will tell.
If the Grik economy tanks I would expect them to sell off their marble to the Democrat National Committee so Big Zero can have REAL marble columns for his White House appearances, campaign appearances, and finally for the Democrat's national convention later in 2012. He'll build a huge marble Stonehenge on the White House lawn and have all the Godless Democrats dancing naked around it to pray for his victory.
You're wasting everyone's time with your inane remarks. Have you ever posted anything useful on the topic of investment?
Why don't you read the rest of my posts, and everyone else's? I see you are likely one of those Big wall Street Democrats who is sensitive to Obama's failures after having perhaps voted for him. Hone your sense of humor. I assume you're aware of Big Zero's arrogant marble column appearances earlier in his term. I assume you are aware of his arrogant declarations that Congress "is broken" and therefore he doesn't need it to act, as in his recent likely illegal/unconstitutional "recess" appointment.
I would examine futures in Grik olives and feta cheese as they may sell that off cheap with everything else in order to raise capital to cover debt. How d'ya like THAT analysis?
YO! ALPHACROTCH! Let's check out YOUR sense of humor!!
What in the hell does that ALPHACROTCH monicker mean? TOO SMALL TO MATTER? SHRIVELLED UP? WHAT!?
Why don't you use your real name instead of a monicker? Are you AFRAID?
What is your problem? Can't get it up? Take a double dose of VIAGRA. Maybe that will help.
AND, it is:
"Greek" NOT "Grick". Learn to spell before you attack!
"Democrats who ARE sensitive", NOT "Democrats who is sensitive". Learn grammar before you attack!
Before you attack me back, keep the following in mind:: I am 84 years old and a WWII veteran, I have a Master's Degree in Metallurgical Engineering (look it up), I had Top Secret security clearances while working, I AM a member of The Minorities and fully literate in English (NOT only American) and other languages.
NOW, go ahead, BRING IT ON!!!!! Let me have it with one of your DIATRIBES!!
Just nearly sixty-nine years of practice with some hard core principles which not enough people have. We are not necessarily supposed to use our real name though I do use it elsewhere sometimes. No need for Viagra but I could use a dose of any of the popular testosterone compounds (I would guess) to keep up my mental aggression as I spend a lot of time in court and need mental aclarity and fast response. This site is good practice.
No, it's "Grik". Listen to one fresh off the boat talk. This is ethnic humor. No grammatical error but rather a keystroke slip while in a state of fury and laying vengeance and correction upon whomever. You should be able to out-crotch me in crotchship but you need some ethnic studies of Griks, Grik feta chiz, olive oil and employment of the phalanx as well as Grik fruitery when the reference is needed for offensive and defensive purposes.
What branch of service were you in and which theater? I was in 1st Tracs 3rd MarDiv from 27 Dec 1967 to maybe 18 Sept 1868 on the coast maybe 8-9 miles south of the DMZ, east of Ni Ha, Dong Ha, Gio Linh, Khe Sanh, etc, all of which were within long walking distance (depending on your legs) or a comfortable suburban drive if there were paved roads and cars.
Navy, Pacific Theater Operations - States side, June 1945 to June 1947. No combat experience.
On 6 Sept 1968 I was shot in the chest at about 25 yards in front of my patrol's night ambush position before the regular ambush watches were set up. Everyone was in a farmhouse which is a bad idea. As the only one on guard I walked around the place and finally in front. Due to insufficient view and lack of a second man I also had to be the first one to go if it came to that so in plain view of everyone (no one bothered to look out the two front doors) I quietly stood in front of the place. Finally the man I stepped over to get out one door apparently saw me, they fired a flare, I dropped to the ground in a crouch and took a round at my left nipple and out my lower back as it disintegrated. Lost my spleen (which is now growing in my abdominal area, in my left lug (part of which is gone) and in the wall of my left chest where it is externally visible. I am the 17th recorded case of splenosis of the lung - something which is typically a military injury. I would guess most of my predecessors with the condition are dead now. Aside from this a spent a lot of time ducking incoming artillery. I was in one actual battle during Tet when the company was used as a blocking force across the river from the main camp. I fired three rounds to make sure my M-14 was functioning without sand getting into the receiver and bolt. I had an NVA 85 round and about 14' feet from me to the edge of the crater. A low grave mound was between me and it. Other guys did pick up small artillery fragments. A lieutenant was shot through the mouth and another guy took something in the shoulder and one guy got a fragment in the right upper leg. The NVA were directly in front of us in some thin woods along a river bank. They fired a lot of RPG-2's at our amphibious tractors. A pop and a big red flare soaring out over our heads. They missed. I did pick up a grenade pouch and a three tank Russian made gas flamethrower from a dead NVA in our position as we left it. It was the third one captured in the war to date with a prior one being picked up in June 1967. I still have some of the guy's propaganda, belt, canteen, etc, and had his kerchief with fried and sugared white rice until I accidentally threw the bandana out years ago. Other than that I spend a lot of time ducking artillery in camp.
Technically there are a strong and healthy bearish trend. Consolidations and corrections on the historical supports may be possible. When 1.26 will be broken, we can wait to end this month looking for 1.23 levels. What a great downsurf (I´m selled from 1.43) Nice trades for everyone 😉
I voted lower, but we are nearing the end of the party for the dollar. ;-]
I second it.
Short term consolidation, but bearish on the Euro.
You have no idea what the Europeans are doing. THE DOLLAR IS GOING DOWN STEADILY.
Greese will fail, damage the Euro!!!
As you may know, 2012 is the year of the elections in France and the United States. Therefore and by Hooks or by Crooks the French President, Mr. Nicolas Sarkozy will never accept to keep the Euro as weak as certain people want it to be. This could be fatal for his re-election. On the other hand a weak Euro will hurt dramatically the resurrection of the American economy. This is neither the good time for Mr. Obama to accept the challenge to see the American export pace vanish. This also could be fatal for his re-election. So what to do? Keep his money at home and avoid any bad surprise.
From whati have read in the newsletters that i subscribe to,many are telling that the euro will break up.Being a novice to investing,i dont have much to comment.Most probably some countres will leave the euro and switch back to their former currencies.
The EURO currency should be treated the same as traders feel about the financial stocks of the EURO. Until the outlook of the financials turn around I wouldn't look for an emprovement in the EURO currency.