by Ramki | May 19, 2010 | Euro
The Financial Times editorial of Monday 17th May is emphatic: a weak Euro will boost the eurozone’s export competitiveness, and hence should be welcomed. If this wisdom becomes accepted widely, then there need be no fear of intervention, and the markets could sell on...
by Ramki | May 19, 2010 | AUD
The Australian DOllar or AUD/USD has apparently peaked at 0.9382 as a failed fifth wave. Expect the current weakness to eventually take us down to 0.8225 before chance of a decent recovery. Between, sell any bounce.
by Ramki | May 16, 2010 | Euro
I am going to quote some comments by Paul Krugman: 1. “I’m not encouraged by the remarks of some of the leaders, who keep talking about protecting the euro as if speculation against the currency were the problem. Actually, a weak euro helps Europe.” 2. “When...
by Ramki | May 11, 2010 | GBP
I would like to start by pointing to this link dated Septermber 27, 2009, where I had reiterated the bearish call for Sterling Pound, GBPUSD. Today, I was shown a research report from Morgan Stanley where they are going short the Pound here at 1.4850 with a stop at...
by Ramki | May 10, 2010 | Euro
Elliott Wave analysis is a powerful tool in your hands if you know how to use it. You cannot be blind to what is happening around you. Until last Wednesday, when the Euro was still at 1.2850 levels, I was looking for it to go lower still, perhaps even reach the L/T...
by Ramki | May 10, 2010 | Euro
“Lending more money to already over-borrowed governments does not solve their problems” says Mr Carl Weinberg. The FX markets seem to agree, as the Euro is rapidly giving up a lot of the gains it made yesterday. Are we going to 1.1700 directly? Let us start by...
