EUR 02 (May10)

Re: Euro 2 (May10)

Postby kennynah » Thu May 27, 2010 4:02 pm

i think 1.228 is the south turning point for now...
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Re: Euro 2 (May10)

Postby winston » Thu May 27, 2010 4:31 pm

The Chinese mentioned that they are committed to the diversification of their foreign reserves.

What does that mean ?

That they will sell their USD for EUR ? For AUD ? For the buying of businesses and mines ? For Commodities ? For Gold ? For apartments in the US, HK and S'pore ?
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Re: Euro 2 (May10)

Postby kennynah » Thu May 27, 2010 4:35 pm

that means....

they are going to conquer the world....
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Re: Euro 2 (May10)

Postby iam802 » Thu May 27, 2010 5:24 pm

Today's level to watch.

Euro/USD : If it breaks 1.2253, good chance it will test the low again.

And that means, US futures may also dance with it.
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Re: Euro 2 (May10)

Postby iam802 » Thu May 27, 2010 8:33 pm

Euro has started dropping again.

Low to break is 1.2143
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Re: Euro 2 (May10)

Postby winston » Thu May 27, 2010 8:56 pm

Very soon, they will realize that a low Euro is actually quite good for some of the European stocks.
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Re: Euro 2 (May10)

Postby iam802 » Thu May 27, 2010 9:41 pm

Watch the Euro fall again.

If Euro can push the futures up... it will drag it back as well
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Re: Euro 2 (May10)

Postby winston » Thu May 27, 2010 9:47 pm

iam802 wrote: If Euro can push the futures up... it will drag it back as well


This is real BS, right ? I now have to also worry about where the Euro is heading as it can now also affect my stock portfolio.
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Re: Euro 2 (May10)

Postby kennynah » Fri May 28, 2010 6:38 am

i'm surprised that you have begun to realize that we are now living in world so much more intertwined...
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Re: Euro 2 (May10)

Postby winston » Fri May 28, 2010 7:13 am

Ha Ha ...

If I'm Scalping or Swing Trading, I would be watching the Euro quite closely.

If I'm investing longer term, I dont really care where the Euro is heading, especially on a minute by minute sequence.

Anyway, I dont think the rise and fall of the Euro will affect the number of people eating at Food Republic yet ... :P

And I dont think that a country of 5m can bring down the financial system. We can also include their cousins in Spain and Portugal and their bankers and I still dont think it's strong enough to bring down the financial system ... I hope :?
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