The Rise & Fall of the Euro

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Edward J
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Re: The Rise & Fall of the Euro

Post by Edward J »

While I don't want to be Debbie Downer here the issue is one of a world economic Global meltdown. They are hanging on and keeping things together, for now. War clouds are on the horizon and unsustainable debt befalls many nations. Then add in a few hundred thousand immigrants to Europe, all demanding Government services. Yesterday, Gold broke out of it's 200 day moving average and is on track to have it's best quarter in 30 years. I believe lines were around the block to purchase Gold in London. Something is up and it's probably not going to mean more prosperity for the average Joe. Hedge accordingly.
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Roy Hersh
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Re: The Rise & Fall of the Euro

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1.11518
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Roy Hersh
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Re: The Rise & Fall of the Euro

Post by Roy Hersh »

Going down ... 1.10267
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Edward J
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Re: The Rise & Fall of the Euro

Post by Edward J »

And it closes out the week @ 1.0933
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Roy Hersh
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Re: The Rise & Fall of the Euro

Post by Roy Hersh »

1.08780 right now. Taking quite a slide in recent weeks.
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Eric Menchen
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Re: The Rise & Fall of the Euro

Post by Eric Menchen »

Last week it was the discussions of the UK leaving. Today US manufacturing looks good and the ECB is talking about more stimulus money, both working for the $ vs. the €.
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Roy Hersh
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Re: The Rise & Fall of the Euro

Post by Roy Hersh »

So then, why has the Euro suddenly jumped to 1.11498 ?
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Roy Hersh
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Re: The Rise & Fall of the Euro

Post by Roy Hersh »

Whoa ... 1.13131
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David Spriggs
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Re: The Rise & Fall of the Euro

Post by David Spriggs »

The reason for the rise is that the Federal Reserve signaled that they are not going to aggressively raise interest rates in the US any time soon.
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Roy Hersh
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Re: The Rise & Fall of the Euro

Post by Roy Hersh »

Back down to 1.11841
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Andy Velebil
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Re: The Rise & Fall of the Euro

Post by Andy Velebil »

I just saw the British pound. Wow I've never seen it that low that I can recall.


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Roy Hersh
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Re: The Rise & Fall of the Euro

Post by Roy Hersh »

1.13943 the highest for the Euro in many months.
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Roy Hersh
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Re: The Rise & Fall of the Euro

Post by Roy Hersh »

The ceiling is broken: 1.15001
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Re: The Rise & Fall of the Euro

Post by Roy Hersh »

Just in the nick of time, the Euro is slowly fading back to its range where it has spent most of 2016: 1.13836 ... hopefully closer to 1.12 later in the week or beginning of next week.
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Roy Hersh
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Re: The Rise & Fall of the Euro

Post by Roy Hersh »

While the Euro was down early last week at 1.113, it is now back up to where it had been trending recently, 1.13449.
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Eric Menchen
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Re: The Rise & Fall of the Euro

Post by Eric Menchen »

Well, that vote was a surprise to me, but the resulting effect on the euro is not. Back to 1.11052.
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Andy Velebil
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Re: The Rise & Fall of the Euro

Post by Andy Velebil »

Eric Menchen wrote:Well, that vote was a surprise to me, but the resulting effect on the euro is not. Back to 1.11052.
How about that Pound :shock:
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Eric Menchen
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Re: The Rise & Fall of the Euro

Post by Eric Menchen »

Andy Velebil wrote:How about that Pound :shock:
It's getting ... wait for it ... pounded.
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Andy Velebil
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Re: The Rise & Fall of the Euro

Post by Andy Velebil »

Eric Menchen wrote:
Andy Velebil wrote:How about that Pound :shock:
It's getting ... wait for it ... pounded.
Lol


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Matt K
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Re: The Rise & Fall of the Euro

Post by Matt K »

Hah, guess I'm not the only one who thought about this thread and how the Brexit vote could impact Maderia shopping.
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