Forex Players: Wondering why the Euro rallied recently? - GoFuckYourself.com

$5 submissions · 02-08-2012, 04:43 AM

If you're wondering why the euro is rallying recently, here's your answer: short covering

http://uk.reuters.com/article/2012/0...8D849820120208

People who were expecting to ride down the EU had to cover due to the recent glimmers of hope regarding a short-term resolution

Quote:

"There has been a propensity by the market in general to
look at the Greek scenario with a glass-half-full approach,
irrespective of the deadlines Greece has missed," said Jane
Foley, senior currency analyst at Rabobank.

"I think positioning has a significant part to play.
Although shorts are off their record levels, they are still
really extreme and people do not want to get caught in a rally."

pornguy · 02-08-2012, 07:25 AM

Not just the Euro.

The big players are manipulating the hell out of the $$ markets right now.

And im not talking about people using forex.

SomeCreep · 02-08-2012, 07:30 AM

The euro is in a multi-year downtrend. Downward is the primary trend. Rallies upward are secondary trends. Euro zone has tons of problems. The euro/dollar will eventually see $1.20.

02-08-2012, 07:25 AM	#2
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,912	Not just the Euro. The big players are manipulating the hell out of the $$ markets right now. And im not talking about people using forex. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

02-08-2012, 07:30 AM	#3
SomeCreep :glugglug Join Date: Mar 2003 Location: Where the Wild Things Are Posts: 26,118	The euro is in a multi-year downtrend. Downward is the primary trend. Rallies upward are secondary trends. Euro zone has tons of problems. The euro/dollar will eventually see $1.20. __________________ Webair Hosting I use and recommend Webair for hosting.