EUR 04 (Nov 10 - Jan 12)

[winston]

EUR @ 1.3737. High high can it go ?

[winston]

Vested

Euro

– One can’t help but think that the ever-tighter daily trading ranges for the euro might mean that it’s running out of rungs to climb. The single currency wasn’t able to capitalize even on the headline weakness in the U.S. report on Friday, with an immediate spike confined to $1.3735.

The euro was earlier bolstered by a speech from ECB member Gertrude Tumpel-Gugerell who reminded lawmakers that the ECB was charged purely with price stability and that it could only promote stability of the euro-bloc if member states maintained sound and healthy finances.

Tumpel-Gugerell said that there was no flaw in the initial concept of monetary union but said there is “weakness in the implementation of the concept.” The rousing speech possibly inspired bulls to rally around the euro earlier, but the rest of us are still waiting for some meat on the bones to fall from the dinner tables in Brussels.

The euro last traded at $1.3692 and is heading towards a new low on the session.

http://www.dailymarkets.com/forex/2011/ ... l-corners/

[winston]

The euro climbed to $1.3861, its highest since early November, but later dropped back to $1.3798.

In a further sign that the euro zone crisis is at least being put on a back-burner by investors, the premium demanded to hold Spanish and Italian government bonds rather than German debt fell.


Source: Reuters

[winston]

Euro Rise Continues On Strong Data By NYFP

The euro continued to rise this afternoon following strong economic data both in the US and overseas.


http://www.dailymarkets.com/stock/2011/ ... rong-data/

[winston]

TOL:-

Not too long ago, you can hear the parrots talking about parity.

Now, on CNBD, another parrot is talking about 1.40

Listen to the "experts" at your own risk

[winston]

EUR@ 1.3771. How come money flow from EMs to US to Europe ?

[kennynah]

gong jin juay pai liao.... buy euros...

i do get lucky with my tikam one...once in a while...

[LenaHuat]

Tikam is not a easy win. Lucky K

[winston]

TOL:-

What are the consequences if they do raise rates on Thursday ?

1) Sell-off in EUR as everyone was expecting them to raise rates anyway ?

2) Rise in EUR because of the icarry-trade between the EUR and USD & JPY ?

3) Catalyst for European Contagion starting with Portugal ?

[kennynah]

bro 802..
be aware that ECB could suddenly hike rates anytime now...