Euro Currency Trust (FXE)

All Comments on FXE

  • commenter
    Aug 13 04:24 PM
    Contrarian Trading Tips: Gold, the Dollar, Energy and Financials [view article]
    I too was playing oil until last week. I sold my Ultra Short Oil - DUG last week for a tidy profit (but could have waited a little more before I sold). I have always enjoyed all these "were running out of Oil" stories for years. As someone who lives in the Oil Patch, I can remember the "peak oil" theory being brandished in 1982 like it was the gospel....until Oil crashed to $8 a barrel in the late 80's. Everyone forgets the obvious - that all markets will seek an equilibrium in which supply and demand forces will equal.

    Obviously oil at $140 caused too much demand destruction as gasoline useage was off 3.5%. The market is going to see if it can stablize at current levels. If demand continues to dwindle, it will go down one more knotch down to the $85 level. Oil makes more long term sense at $85. Some old gas guzzling habits may reappear at that level, but not here at $115. This is just a correction to a good downward move. I intend to buy back into DUG when it corrects down to $34 and enjoy the last of a very profitable ride.

    All you Oil bulls can keep chanting your dogma - China, Peak Oil, Middle East wars, etc...., but you cannot ignore simple economics. The US is the biggest user of Oil in the world. If we continue reducing our oil needs (through conservation and demand destruction), Oil has nowhere to go but down. The average US resident uses about the same amount of Oil as about 100 Chinese. If we are not resuming our oil intensive lifestyle because the price is too high, lookout. Gee, I guess getting that economics degree actually had some value - I got to make some good money off some dogma spouting Oil bulls who believe every article they read in Time magazine.
    Reply
  • commenter
    Aug 13 04:13 PM
    My Website
    Reasons To Short the Euro [view article]
    You can use DRR to short Euro with smaller risk. Put options on FXE is another relatively safe play. Reply
  • commenter
    Aug 13 03:19 PM
    Reasons To Short the Euro [view article]
    II would say the pound is an even better candidate to short than the euro. Reply
  • commenter
    Aug 13 01:01 PM
    Contrarian Trading Tips: Gold, the Dollar, Energy and Financials [view article]
    Not a single recommendation is actually contrarian, every single one is just a trend following bet on the first half of the year trends continuing, ignoring the last month and a half. Reply
  • commenter
    Aug 13 11:04 AM
    My Website
    U.S. Session Wrap: Meredith Whitney Does It Again [view article]
    I think you are missing the point here--the LFB seems to be supplying a lot of economic info and they also made an important point.

    Everyone is consumed with the dollar's connection to oil, but they;ve pointed out that the dollar was able to decline even after oil fell because the financial sector weighed on the overall indexes.

    Much of there info seems to be taken right from the source, and they break it down in a way that paints a total picture of the market. I think it's a very handy resource.
    Reply
  • commenter
    Aug 13 08:58 AM
    WhatsTrading's Weekly Top 5 Options Ideas: Euro, Sprint, Freeport-McMoran, WaMu, GDX [view article]
    S calls, eyebrow raising? Sounds like someone had some insider information. Where is the SEC? Reply
  • commenter
    Aug 13 07:35 AM
    Contrarian Trading Tips: Gold, the Dollar, Energy and Financials [view article]
    LINK: massive U.S. naval armada heading for Iran.

    Err... the reporter on this blog has completely fictitious title. I have lived in Canada for over 40 years and we ain't got no Lord Lieutenant, eh?

    Over and oot.


    Reply
  • commenter
    Aug 13 06:13 AM
    U.S. Session Wrap: Meredith Whitney Does It Again [view article]
    How somebody comment on everything,FX,Oil,Gold if one doesn't have any position in derivatives he writes about.
    I am a trader and watch markets every day and have a feeling for it as my account goes up and down in regard to the market movements.
    All the commodities bulls become bears suddenly,it proves again nobody have an idea what is happening.
    From traders perspective,for short term I can see that Crude Oil have strong support at 113$ as rising price have good volume while declines are made by pikers.I am positioning for rebound in Crude Oil and Nat Gas (I don't trade metals and don't have an opinion on that) as big balls guys are accumulating now and the ood thing is that this kind of biggest Oil/Gas traders don't buy it to make a buck,they must see the market to the future as liquidating big position in energies is not economic,with big selling volume prices will crash.They can sell only when prices go up 5-10% or more as then pikers already get bullish news and buy so big funds are nicely selling some of their positions.
    Look what happened when the main traders started to sell Crude Oil from 145$ it took prices more than 30$ down,I think more than is accepted by their valuations.So I think their selling will come at 135$ at least as accumulation happened to build at around 125-115$ level.
    Even if Oil may decline more in the future,first the Mafia will make their money from your shorts.
    Don't listen to any analyst/expert who writes about things he don't knows about and don't trades.If would not advise a driver how to drive if would not have a driving license.
    Good trading day everybody,follow your killer insticts.
    Reply
  • commenter
    Aug 12 09:58 AM
    Contrarian Trading Tips: Gold, the Dollar, Energy and Financials [view article]
    Very nice article. caveats on both sides of the argument. no one can catch the bottom perfectly, so recognizing the beginning of opportunity is better than having missed it, even if you're somewhat early. Most people reading this are short term minded, and want to make a Buck weekly. True investing is much longer than this. Great article! Reply
  • commenter
    Aug 12 02:22 AM
    Contrarian Trading Tips: Gold, the Dollar, Energy and Financials [view article]
    Attention fiat currency lovers: gold is worthless. Please sell me yours. Do not hesitate to get short regardless of price; you will be able to cover at zero. I am stupid and will happily give you good solid patriotic American currency for your useless metal. No need to feel bad; I like being a sucker. Do I hear $600? $275? Surely you will rush to get short even at $51, just above the face value of a gold eagle coin minted in the good old US of A by our beloved Treasury Department. Takers? Takers? I'm buying! Reply
  • commenter
    Aug 12 12:52 AM
    What's Next for the U.S. Dollar? [view article]
    DUDU or doodoo, like in voodoo?

    War has that effect on the Dollar, but look for Oil shipping rates to escalate as Russia takes over a Main Hub for transmission to Europe and Caspian Sea.

    The US will jawbone but once thats over, say in a day or two, the Dollar's rise will end and reality resume.
    Reply
  • commenter
    Aug 12 12:10 AM
    What's Next for the U.S. Dollar? [view article]
    Seesaw ?? you are in the wrong place, everybody is getting on the Merry-go-round as the race to the bottom for all paper currencies heats up. Also, the rest of the world have PAID for their tickets, they have savings which the US does not....... Reply
  • commenter
    Aug 11 11:29 PM
    What's Next for the U.S. Dollar? [view article]
    $700B annual trade deficit, federal budget deficit about the same. Enjoy the party while it lasts. Reply
  • commenter
    Aug 11 10:21 PM
    What's Next for the U.S. Dollar? [view article]
    There is evidence of massive foreign bank intervention within the last week or so. The fundamentals have NOT changed. If oil continues to slide along with foreign banks buying dollars there may be a temporary reprieve but I think in the end the dollar is in deep dudu Reply
  • commenter
    Aug 11 10:14 PM
    More Money Making Ideas for This Market [view article]
    JasonC, as Matthew Hougan indicated, China is not suggested as a core investment. Reply

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