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-   -   Wow EUR/USD at 1.12 (https://gfy.com/showthread.php?t=1159734)

Paul&John 01-26-2015 01:36 AM

Wow EUR/USD at 1.12
 
It seems like the Greek poll results have pulled EUR down..

Manfap 01-26-2015 01:59 AM

Blessed are the Greeks.
http://www.propmasters.net/product_t...pg&w=650&h=365

RummyBoy 01-26-2015 03:56 AM

Recent weakness is more about the QE but it will not surprise me to see EUR hit parity with USD this year....... lot of people in FX markets are expecting it.

iamBoogieman 01-26-2015 04:02 AM

Nice. :thumbsup

CPA-Rush 01-26-2015 04:28 AM

http://www.websitemagazine.com/image...us_dollars.jpg

djroof 01-26-2015 05:49 AM

Interesting.... let's see what we will have in future...

CAHEK 01-26-2015 05:50 AM

I'm not suprised to see EUR/USD= at 1

pornmasta 01-26-2015 06:44 AM

always see the bright side of life...

CamTraffic 01-26-2015 06:56 AM

Graph: 1/U.S. / Euro Foreign Exchange Rate - FRED - St. Louis Fed :)

Pwmp 01-26-2015 07:11 AM

Odd, if you look one month back the USD was not much of a safe haven. After the swiss franc shit, euro trouble the Greenback is looking pretty damn good

Lykos 01-26-2015 08:31 AM

Hope it stays like this for a while :)

pornmasta 01-26-2015 08:41 AM

btw it's already going in the other direction...
Let's wait for the real politics...

faxxaff 01-26-2015 09:09 AM

It's pretty obvious it will go down to 0.5, sooner or later.
Either way a great opportunity to get rich.

Paul&John 01-26-2015 09:15 AM

Quote:

Originally Posted by faxxaff (Post 20370716)
It's pretty obvious it will go down to 0.5, sooner or later.
Either way a great opportunity to get rich.

you mean 1 USD = 2 EUR?

HomerSimpson 01-26-2015 09:31 AM

https://www.ecb.europa.eu/stats/exch...ph-usd.en.html

RummyBoy 01-26-2015 09:34 AM

Quote:

Originally Posted by pornmasta (Post 20370694)
btw it's already going in the other direction...
Let's wait for the real politics...

It's got very little to do with the politics..... a lot more to do with the QE. Do you know what QE is? The central banks and governments around the world sure hope you don't - that's precisely why they called it QE (Quantitative Easing).

faxxaff 01-26-2015 09:36 AM

Quote:

Originally Posted by Paul&John (Post 20370723)
you mean 1 USD = 2 EUR?

Either way ... both targets will be hit .... great opportunity to wealth in both parks.

pornmasta 01-26-2015 09:40 AM

Quote:

Originally Posted by RummyBoy (Post 20370748)
It's got very little to do with the politics..... a lot more to do with the QE. Do you know what QE is? The central banks and governments around the world sure hope you don't - that's precisely why they called it QE (Quantitative Easing).

If greece stops to pay its debts, you will how politics is involved... :2 cents:

(and yeah i know the QE stuff)

RummyBoy 01-26-2015 09:48 AM

Quote:

Originally Posted by pornmasta (Post 20370752)
If greece stops to pay its debts, you will how politics is involved... :2 cents:

Yep, then i'll agree its politics but i'll rather call it a black swan event simply because the EU would never let that happen and they're already hinting at an extension.

The main weakness from around 1.35 to around 1.15 was due to deflation in Eurozone and therefore expectations of QE and if that's already priced in then maybe Greece adds some extra momentum but the QE is over $65 bn per month for upto 19 months and the US economy (even though hardly a recovery) is looking stronger so the USD will be getting stronger at the same time that the Euro is getting weaker.

Even though there's a low chance of US rates going up this year, if you have two cars pulling away from each other at 10 km/h the distance gained between them is at double the speed - at least that's my analogy.

I think there's a high probability of Euro/USD parity (1 USD = 1 Euro) happening this year but wouldn't it be the first time ever?

pornmasta 01-26-2015 10:08 AM

Quote:

Originally Posted by RummyBoy (Post 20370761)
I think there's a high probability of Euro/USD parity (1 USD = 1 Euro) happening this year but wouldn't it be the first time ever?

No, it happenned in 2002... or something

arock10 01-26-2015 10:11 AM

Quote:

Originally Posted by RummyBoy (Post 20370761)
Yep, then i'll agree its politics but i'll rather call it a black swan event simply because the EU would never let that happen and they're already hinting at an extension.

The main weakness from around 1.35 to around 1.15 was due to deflation in Eurozone and therefore expectations of QE and if that's already priced in then maybe Greece adds some extra momentum but the QE is over $65 bn per month for upto 19 months and the US economy (even though hardly a recovery) is looking stronger so the USD will be getting stronger at the same time that the Euro is getting weaker.

Even though there's a low chance of US rates going up this year, if you have two cars pulling away from each other at 10 km/h the distance gained between them is at double the speed - at least that's my analogy.

I think there's a high probability of Euro/USD parity (1 USD = 1 Euro) happening this year but wouldn't it be the first time ever?

I remember back in the day going to Europe and it was .85 usd to 1 euro..

The Porn Nerd 01-26-2015 10:11 AM

So as an American is it cheaper for me to travel to Europe or more expensive?
So confused. LOL

just a punk 01-26-2015 10:15 AM

Quote:

Originally Posted by iamBoogieman (Post 20370409)
Nice. :thumbsup

Nice? Why? About a half or my earnings are in Euros :disgust

Barry-xlovecam 01-26-2015 10:19 AM

Quote:

Originally Posted by RummyBoy (Post 20370761)
[I] think there's a high probability of Euro/USD parity (1 USD = 1 Euro) happening this year but wouldn't it be the first time ever?

no

Code:

Actual        Previous        Highest        Lowest            Dates        Unit        Frequency       
1.12        1.21                          1.86        0.69        1957 - 2015                Daily


Euro | 1957-2015 | Data | Chart | Calendar | Forecast | News

As I recall $.92 since the EU economic zone was operative

RummyBoy 01-26-2015 10:23 AM

Quote:

Originally Posted by pornmasta (Post 20370788)
No, it happenned in 2002... or something

You're right. And it seems like its baked in the cake for some analysts:

Dollar dominance to push currency towards parity with euro - Telegraph

Well, we were told to expect currency turmoil in 2015 and beyond, so its really just beginning. I don't know what this gonna look like 10 years from now but scares the hell out me - hyperinflation probably.


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