The Rise & Fall of the Euro
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Re: The Rise & Fall of the Euro
Tsipras and the parliament were in a damned if you do, damned if you don't situation. I think ultimately the Greeks need to be able to print their own money, but the pain is up front as opposed to being delayed by this action. I'm surprised they weren't even prepared to return to the drachma as all the drama unfolded.
Re: The Rise & Fall of the Euro
We're seeing quite a narrow range of movement the past few weeks from 1.085 to 1.105 lately.
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Re: The Rise & Fall of the Euro
Just looking at a weekly chart, this appears to be a consolidation pattern happening. The upside resistance is at 1.125 or so. Keep an eye on that level. The downside support appears to be around 1.03. That is possible, but an upside breakout looks more likely, though there's no telling how long the consolidation will drag on before there's a breakout.Roy Hersh wrote:We're seeing quite a narrow range of movement the past few weeks from 1.085 to 1.105 lately.
Re: The Rise & Fall of the Euro
1.10326
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Re: The Rise & Fall of the Euro
That was a quick swing down from last I looked last week at 1.09..Roy Hersh wrote:1.10326
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Re: The Rise & Fall of the Euro
Andy,
It was higher than when you looked, not lower.
It was higher than when you looked, not lower.
Ambition driven by passion, rather than money, is as strong an elixir as is Port. http://www.fortheloveofport.com
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Re: The Rise & Fall of the Euro
I'm an idiot. That's what I get for a quick look while multitasking at work. I thought it was 1.03. Opps lolRoy Hersh wrote:Andy,
It was higher than when you looked, not lower.
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Andy Velebil Good wine is a good familiar creature if it be well used. William Shakespeare http://www.fortheloveofport.com
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Re: The Rise & Fall of the Euro
Please, take Your eyes of the Euro!
Buy some Greek Drachmar Instead.
A Dane worrying about inflation
Buy some Greek Drachmar Instead.
A Dane worrying about inflation
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Re: The Rise & Fall of the Euro
Allan Engelsted Laurents wrote:Please, take Your eyes of the Euro!
Buy some Greek Drachmar Instead.
A Dane worrying about inflation
Andy Velebil Good wine is a good familiar creature if it be well used. William Shakespeare http://www.fortheloveofport.com
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Re: The Rise & Fall of the Euro
The Euro looks like it wants to go higher, given that the Fed is more reluctant to raise rates than previously assumed. 112.50 seems to be the resistance level to watch on the FXE chart. Looking further out, 120 seems like the next big resistance level.
Re: The Rise & Fall of the Euro
I'd say it will be 1.15 before it hits 1.10 again. Glad I traded $ for Euros for our tours at the right time this year!
Ambition driven by passion, rather than money, is as strong an elixir as is Port. http://www.fortheloveofport.com
Re: The Rise & Fall of the Euro
Over the past week, the Euro has been up and down between 1.11 and 1.13 ... now sitting at 1.12715 and has yet to go above the 1.15 point, yet. So will we see >1.15 before we see <1.10 again?
Ambition driven by passion, rather than money, is as strong an elixir as is Port. http://www.fortheloveofport.com
Re: The Rise & Fall of the Euro
Today's decision by the Fed to hold the lid on interest rates weakened the dollar vs. the Euro which is now at 1.142 and likely to breach the 1.15 mark this week. We shall see.
Ambition driven by passion, rather than money, is as strong an elixir as is Port. http://www.fortheloveofport.com
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Re: The Rise & Fall of the Euro
112.50 is the level to watch here on the FXE chart (not sure how much the price differs from the actual Euro). It did breach this level for a couple of days before retreating back below it when our stock market cratered in late August. I see downward pressure over the very near term, looking at the Thursday rally that was surprisingly wiped out on Friday.
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Re: The Rise & Fall of the Euro
That's pretty tight for the last 30 days.30 Aug 2015 21:00 UTC - 29 Sep 2015 21:54 UTC
EUR/USD close:1.12508 low:1.10959 high:1.14545
Re: The Rise & Fall of the Euro
And it has remained in that range since then. Currently: 1.13408
Ambition driven by passion, rather than money, is as strong an elixir as is Port. http://www.fortheloveofport.com
Re: The Rise & Fall of the Euro
1.11377 at the moment.
Ambition driven by passion, rather than money, is as strong an elixir as is Port. http://www.fortheloveofport.com
Re: The Rise & Fall of the Euro
Going down: 1.10179
Ambition driven by passion, rather than money, is as strong an elixir as is Port. http://www.fortheloveofport.com
Re: The Rise & Fall of the Euro
Well, back under 1.10 ... right now, 1.09398.
Ambition driven by passion, rather than money, is as strong an elixir as is Port. http://www.fortheloveofport.com
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Re: The Rise & Fall of the Euro
Can I book my 2017 trip now?Roy Hersh wrote:Well, back under 1.10 ... right now, 1.09398.