UBS said that the recent rally in euro dollar was simply a relief rally. Even if euro breaks above 1.3050, they’ll still look for opportunities to sell. What do you think?
via Forex Flash: Firm conviction Euro short positions to pay off – UBS – NASDAQ.com.
Not 1.25 any more. UBS’ dramatic prediction on the new floor of EUR/CHF which could be 1.3000.
via Forex Flash: SNB likely to lift EUR/CHF floor to 1.3000 – UBS – NASDAQ.com.
Does this mean euro dollar may gap lower on Monday when Asia opens? Can’t wait to see…
via WORLD FOREX: Euro Weakens As S&P Downgrades Several Countries – WSJ.com.
Wow, another brave prediction is out. This time is done by UBS. It predicts euro at 1.15 by end of 2012.
Not long ago, BBH predicts euro at 1.24 by Q1.
Let’s keep track and see if these big guys are right or not. Predicting market timing is difficult. But they are fearless.
via Forex Flash: EUR/USD seen at 1.15 by end 2012 – UBS – NASDAQ.com.
The directionless markets continue. Euro, as expected, got some support from 1.26 to 1.27 level. If this level of support holds, then it may rebound to the 1.30 area. However, the market setiment is still negative towards euro. If 1.26-ish support breaks, then the next stop should be around 1.22 to 1.23. Well, this is all based on the charts. In reality, there’s been not much action in the markets. Traders are waiting for the “sign.” But what “sign?” I am waiting too and still staying on the sideline.
via FOREX-Euro sags, trade cautious as risk events loom | Reuters.
