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Vision Capital M.

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  • EUR/USD: The Week Ahead [View article]
    Gius, thank you for your question.

    In fact, during the week a significant amount of European and Germany data came out lower than expected. Examples are European business climate, Germany CPI , HICP and unemployment change. As for the decline of the euro in the last days of the week, I believe the Mr. Draghi's comments on the possibility of a negative deposit rate increased the chances of an increase of the supply of euro, and respectively may have hit the demand for the single currency. The lower main refinancing interest rate (0.50%) also lowered the euro positive interest rate differential... So the relative strength seemed to be on the USD side.
    May 4 02:08 PM | Likes Like |Link to Comment
  • EUR/USD: The Week Ahead [View article]
    Thank you, BahramFX. I am glad I could help.
    Apr 29 12:58 PM | Likes Like |Link to Comment
  • EUR/USD: The Week Ahead [View article]
    Thanks for your comment, Brian Bobbitt.

    I will allow myself to write a bit longer comment. Hope you do not mind.

    In fact, yes.. In my opinion the EUR/USD rate is currently around threshold moments, levels, etc., so no greater degree of certainty could be given to either an up or a down direction.
    Generally, I think only the great setups deserve to be traded. Currently I do not see one here. Hence, sometimes staying out of the market could be the best think to do. But if I know why I am staying out of the market, it gives me the foundation to get in once the conditions change. And articles which say that something might go up or down are doing just that - telling me the uncertainty is elevated.

    Regards.
    Apr 29 12:55 PM | Likes Like |Link to Comment
  • Long EUR/Short CHF: A Possible Trade With A High Risk-Reward Ratio [View article]
    Hi jbassbia,

    Things in Europe might collapse again but whether this would affect the EURCHF rate in an euro negative way is another question. Given this and the conditions and strategies explained in the article a further worsening of the Europe crisis might not affect the currency pair to the extend it would normally be expected.

    Here is a link to another article supporting the idea of the ability of the SNB to continue to defend the floor for a prolonged time - http://reut.rs/Q32R2k

    Thanks for the comment!
    Aug 16 09:56 AM | Likes Like |Link to Comment
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