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PipTrapper commented Sep 8, 2011In order for the EURUSD to be bearish, you need a stronger USD. There is trouble on both sides of the Atlantic so don't expect any big moves to the downside unless the ECB cuts rates, in which case look for a move to 1.39 or slightly below and then ...
Trichet May Choose Liquidity Over ECB Rate Cut
- PipTrapper commented Sep 7, 2011
Yep that's right. Which might mean that the whole world is going to hell in a hand basket. If so, enjoy the ride.
IMF cuts Eurozone economic growth forecast to 1.7% in 2011 and 1.3% in 2012
- PipTrapper commented Sep 7, 2011
ha ha ha... You are so right on the money.
IMF cuts Eurozone economic growth forecast to 1.7% in 2011 and 1.3% in 2012
- PipTrapper commented Sep 7, 2011
Most likely no impact until tomorrow's Trichet press conference. You can breathe easy for now.
IMF cuts Eurozone economic growth forecast to 1.7% in 2011 and 1.3% in 2012
- PipTrapper commented Sep 7, 2011
@DF: The pig slaughter is already priced in. It is the blood cleanup that has yet to be priced and that won't be done until the slaughter is seen as a definite. For now we only have uncertainty and a Euro currency artificially supported by a half ...
German austerity drive risks Euro-slump
- PipTrapper commented Sep 7, 2011
euro will probably not move too far until Trichet spews out his drivel tomorrow.
German austerity drive risks Euro-slump
- PipTrapper commented Sep 7, 2011
No member state has yet assumed the debt of another. They have only guaranteed it. This may be enough of a difference for the court to say that no EU rule has been broken.
Top German court to rule on euro rescue
- PipTrapper commented Sep 5, 2011
Don't bet on it. The ECB can print Euros any time it wants. Right now it doesn't want to. However, one day may come where it has no choice.
OMG, Is The US Really $211 TRILLION In Debt!?!
- PipTrapper commented Sep 4, 2011
All depends where (at what price) you opened your long position. It is certainly not a good time to be long on the Euro. At last check on open it has gaped down 40 or so pips and it has not yet made an attempt to close the gap. Also on Friday close, ...
EUR/USD Outlook – September 5-9 2011
- PipTrapper commented Sep 4, 2011
Imagine a person suffering from a virus. The patient has many doctors and they cannot agree on how to treat the virus and they keep arguing about it in front of the patient. This worries the patient and the stress level he suffers allows the virus ...
Euro’s Appeal Masks the Gathering Storm in Europe
- PipTrapper commented Sep 3, 2011
Trading Euro = Chinese water torture I've been bearish ever since Trichet's slightly dovish tone at his rate statement press conference in May 2011, which was followed by the beginning of the 2011 Greek issue and the escalation of the Libyan ...
EURUSD: Under Pressure, Remains On The Defensive Into The New Week
- PipTrapper commented Sep 3, 2011
since everyone is quoting their crystal ball, allow me to tell you what mine says. It says "The future is filled with uncertainty, lots of ups and downs and no clear direction."
EURUSD: Under Pressure, Remains On The Defensive Into The New Week
- PipTrapper commented Sep 1, 2011
I had a tight stop at 1.4325. No biggie. That's why I took a small position.
With ECB Shelving its Tightening Campaign, EUR Set to Weaken vs AUD, NZD
- PipTrapper commented Aug 31, 2011
Until the next fed meeting in September, I highly suspect that the EUR/USD pair will have a slow choppy rise back up to the 1.4550 area or beyond. However, that is just speculation on my part. I am however putting money on it. Currently long with a ...
With ECB Shelving its Tightening Campaign, EUR Set to Weaken vs AUD, NZD
- PipTrapper commented Aug 28, 2011
I prefer this one url It is a representation of the debt ceiling debate.
A Pseudorandom Walk
- PipTrapper commented Aug 28, 2011
No amount of your condescending sarcasm will negate the sentiment that exists. Let me make myself clear. I do not believe it will happen and I never said so. I do know however, that this is a topic that has been beaten around for decades if not ...
Bernanke’s Cry for Help
- PipTrapper commented Aug 27, 2011
There is more than one way to skin a cat and those people you speak of have decided to try and skin it alive whilst hoping that the other cats won't notice and thereby keep coming. I have absolutely no problem with austerity, debt limits and zero ...
Bernanke’s Cry for Help
- PipTrapper commented Aug 27, 2011
I just read Trichet's speech in it's entirety and nothing in it would cause me to panic. However, nothing he has ever said has caused me to panic either and yet... many others have. I believe that what he doesn't say is alot more important than what ...
EUR/USD’s Loud Noise Causing Whiplash within the 1.4350-1.4450 Range; Breaking to the Upside