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26 comments:
Jim O'Neil, Chief Economist for Goldman Sachs says he's sticking with his 1.20 -1.21 call for EURUSD and says he is now a EURUSD bull for the 'ultimate' contrarian play Dear Boris
BNP Paribas calling for PARITY Dear Boris
Does Brussels want a stronger euro? That is a question being asked this morning on B-berg Dear Boris ... The Goldmen say they won't be able to prop up the euro ....
BTW, Jim O'Meil says he has 28 years of experience in fx Dear Boris ....
Germans are asking why, if the Greeks don't leave the euro, they should stay on a 'sinking ship' Dear Boris ...
Dear Boris,
Good morning.
Nice to be here.
Thanks.
Good trading.
Bert
Dear Xerxes
Good Morning
My Very Dear Friend
Dear Bert
Good Morning and Trading
My Very Dear Friend
BNP's call of EURUSD parity is for the first quarter of 2011 but with high risk of obtaining the target earlier ...
The call is based on the loss of support by sovereign wealth funds diversifying away from the buck into the euro; this has stopped and 2ndly, the entities/individuals with huge cash reserves inside euroland have been selling the common currency Dear Boris
So who should we believe Dear Boris ... the French or the Goldmen :-)
Ramin Toloui, a senior portfolio manager at Pimco, said the European Central Bank’s decision to buy government debt could be backfiring. Instead of encouraging private investors to keep their government debt, the programme might be leading to more sales, he said.
“The risk is that investors are using the ECB as a vehicle to exit their positions,” he said.
SELL MORTIMER, SELL!!
Steve Barrow, currency strategist at Standard Bank: “Finance ministers in the eurozone might argue that they acted to save the euro but, in reality they acted to save national bond markets – and the euro is the fall guy.”
SELL MORTIMER, SELL!!
Boris
good morning
old john
emini319
On Market Report
My Very Dear Friend
John
Good Mornning and
Good Trading To you
BOA Merrill Lynch ---- Gold to 1600 --- Break of 1.20, hello parity ...
After all the games
the market closing with Inside day close
That is what we thought will happen and told our subscribers before market open(:-
Good Trading All
Good Morning Dear Boris ...
UBS says on B-berg this morning that although EURUSD may bounce to 1.25 it is likely to travel below 1.20 to 1.15 by 2011 but 1.10 is possible as well .... they think parity is unlikely .... fair value was said to be 1.20
Purchase Parity Value OF EURO is
Around 1.23 or so.
So, 1.50 was expensive and 1.10 will be pretty cheap.
Currencies can move long time against PPP though
Good Trading Dear Xerxes
GOod Morning
To you too
Very Dear Friend
Xerxes
B-berg interviewed an EU official that claimed 1.10 as fair value but he would be on the cheap side ....
Based on the price of petrol, the euro should buy 1/2 a buck Dear Boris :-)
Dear Boris,
Good morning.
Thanks and good trading.
Bert
Russia cut the share of euros in its international currency reserves to 43.8 percent at the end of 2009 from 47.5 percent a year earlier, Interfax reported yesterday, citing central bank data. "
Good Morning
And
Good Trading
My very Dear Friend
Bert
Please move to new post
Good Tradng All
Danny Blanchflower, Dartmouth College Professor of Economics, tells us on B-berg that EURUSD parity is 'unstoppable' and the euro will eventually disappear ...
What should I do with the euros in my checking account Dear Boris :-)
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