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USD vs EUR USD vs EUR
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Old 08-05-2008, 10:06 PM   #1
GeXus
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USD vs EUR
What do you guys think about the outlook on the dollar? Think it's going to continue trending up against the EUR? or start heading back down...
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Old 08-05-2008, 10:09 PM   #2
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well i have a degree in economics and i am telling you it is the best time to be dumping earning euro and solely switching over to usd, also tanking of the canadian economy is eminent.
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Old 08-05-2008, 10:11 PM   #3
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A degree? Ah shit.. lost all credibility.
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Old 08-05-2008, 10:40 PM   #4
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What do you guys think about the outlook on the dollar? Think it's going to continue trending up against the EUR? or start heading back down...
The answer is clear.

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Old 08-05-2008, 10:45 PM   #5
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Not clear for me (cool colors though).... It's very up and down.. so I would think the USD is gonna head back down..
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Old 08-05-2008, 10:48 PM   #6
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No way to know so why even guess
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Old 08-05-2008, 10:57 PM   #7
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Not clear for me (cool colors though).... It's very up and down.. so I would think the USD is gonna head back down..
Each line (rainbow) is a moving average so the long term trend is up not down on the daily chart. I trade short and long all day long though so don't care much about long term direction.
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Old 08-05-2008, 11:01 PM   #8
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Each line (rainbow) is a moving average so the long term trend is up not down on the daily chart. I trade short and long all day long though so don't care much about long term direction.
So if you had money in EUR would you hold on to it (assuming you want to exchange within a couple weeks) or convert now?
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Old 08-05-2008, 11:01 PM   #9
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Just went short on it.
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Old 08-05-2008, 11:02 PM   #10
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So if you had money in EUR would you hold on to it (assuming you want to exchange within a couple weeks) or convert now?
Short term looks down so I would convert.

Edit. You could also hedge a little by converting half now and half when you need it.
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Old 08-05-2008, 11:07 PM   #11
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Well... you could always invest in the Canadian dollar...
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Old 08-05-2008, 11:09 PM   #12
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Short term looks down so I would convert.

Edit. You could also hedge a little by converting half now and half when you need it.
Cool, that's good enough for me.. thanks
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Old 08-05-2008, 11:17 PM   #13
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What software are you using for those charts?
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Old 08-05-2008, 11:25 PM   #14
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I hope the dollar gets better but the USA is continuing to spend 25% more then they bring in from tax revenue and that will always drive the dollar down.
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Old 08-05-2008, 11:30 PM   #15
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well i have a degree in economics and i am telling you it is the best time to be dumping earning euro and solely switching over to usd, also tanking of the canadian economy is eminent.
that sentence does not make sense to me. Did you do your Degree through English?!
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Old 08-05-2008, 11:33 PM   #16
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that sentence does not make sense to me. Did you do your Degree through English?!
My English teacher would have a fit!
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Old 08-06-2008, 12:00 AM   #17
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I think the dollar will be a little bit stronger in November but then get even weaker in February next year.
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Old 08-06-2008, 12:09 AM   #18
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I think the usd is going to start getting better if gas prices go down.
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