Sell Eur/Usd

[G550]

Originally Posted by golhuntsleep

Agreed........I'm selling.....at least a retrace I think 7000-6800 is possible....thats just doing a 38% retrace of the move since late 2001..........

I'm with you Sleep. The area you are suggesting has been mentioned by others as well (in other forums online articles).

[Summerset]

With the BoE reluctant to increase rates in an appropriate manner the Aussie with an appretiative interest rate currently @ 6.5% is becoming the favorite vechile for carry trades.

More so should the FED move into an easing cycle coming summer (begin a gradual cuting of rates) to combat a shadow of recession boost a summer market boom. The interest diffrential would then become much much more pronounced in the Aussie's favor. The market is currently discounting this as a viable possibility. That's why the current sharp rise in Aussiedollar.

Under such circumstancesit may not prove of worth to wait for any retractions of magnitude on the Aussie.

yes the Aussie is at a 10 yr high but so is its interest premuim with diffrentials projected to continue to roll in its favor.

With this regards note that the Sterling too has not been making higher highs recently like the Euro. Mainly because growth in its interest projections appear at a terminal end - unlike the Euro.

[ruudboy]

Originally Posted by ruudboy

I think its safe to say this may go down as the worst call I have ever seen

I agree that Aussie's recent up-leg was beginning to exhaust prior to the non-farm-payroll's induced sell-off. I took this quote two weeks ago the recently mum Noor (the biggest cheerleaders of Iris) before the A$ extended throu 8100!

The fact is that AUD just this week reached fresh 10 year highs vs the Yen HKD USD; fresh 6 year highs vs Chf; fresh 20 month 12 month highs vs the CAD Eur respectively.

So yes we are a bit overbought there is room for a corrective setback. However I believe this upmove in Australia is just beginning to play itself out would strongly advise to buy on any weakness for the next up-leg. More importantly the carry trade is back in full effect. Just this week we have seen record all-time highs for EurChf & EurJpy a fresh 2007 high for AudJpy. With Gold surging to fresh monthly highs expectations for further rate hikes in the coming months....this is all good for the l down under.

One more thing.....April historically is one of the worst months for the USD...thank goodness for today's data!!!

Ruudboy

[poh6702]

Very quiet? Wh/at is the outlook of Eruo/USD ?

[Iris]

Hello Everyone......

Cable is in the Sell Zone........

Cable Sell Zone @ 1.9870<>1.9890....with extension Sell's @ 1.9900<>1.9910

Targets...Open

IRIS FX

[el_duende]

I too have sold at 1.9855 this morning (A bit too hasty) coupled with good trade balance PPI news US we should see move South one hopes.

[Iris]

Hello Everyone........

We will Sell the Euro into the US data @ 10:00AM New York....

Euro Sell Zone 1.3545<>1.3565...with extension Euro Sell's @ 1.3570

Target...Open

IRIS FX

[Iris]

Hello Everyone.........

Cable is in the Sell Zone........

Cable Sell Zone @ 1.9870<>1.9890....with extension Sell's @ 1.9900<>1.9910

Targets...Open

Cable Sell's @ 1.9885<>1.9880<>1.9875 are activated before/into the US data.

IRIS FX