Euro-Dollar: Whats in the tea leaves

letitroll

I know FX can be very tricky to say the least but where are the experts saying this is headed.

Currently at €1 = $1.39

was 1.44/1.49 at some point.

Where is it heading. Will be needing a significant amount of dollars sometime in the next year. Should i switch my EUro's now

letitroll

i should add that i'm looking at a 5-6month time horizon

Essentially will the Dollar be in a weaker positon in six months or will it rally.

my gut tells me as the ECB increases interest rates or hints at increases the Euro should strenghten

However strong US growth figures with a slower recovery in the EU might mean the dollars gains.

Opinions??????

arrowloopboy

Alot of the bigger investors are calling it around1.30- 1.35 by year end,their should be a couple of retracements back up to 1.45 before this happens.

ixus

Has rejected 138.00 for now and on it's way back to 140.00

Really, the euro price is dependent on what's going on with the PIIGS (Portugal, Ireland, Italy, Greece & Spain). The worse this situation gets, the weaker the euro should become. That's one way of looking at it.

letitroll

good info,

Would 1.45 be considered a ceiling i.e. if on one of the retracements comes back to 1.44 would it be prudent to transfer a large amount into a dollar denominated account?

I should add this is not an investment play i moving to the states for a year and have about 10,000euro spending money which i would like to transfer at the best possible rate

lil_lisa

FYI, in summer 2008, the exchange rate was 1euro to $1.90!

arrowloopboy

lil_lisa wrote: »

FYI, in summer 2008, the exchange rate was 1euro to $1.90!

FYI, thats Bull****:rolleyes:

The highest its been in the last 10yrs is $1.59ish

Économiste Monétaire

lil_lisa wrote: »

FYI, in summer 2008, the exchange rate was 1euro to $1.90!

Um, no.



Min: 0.82520; Max: 1.5990.

cgarrad

http://www.ashraflaidi.com/forex-news/

EURUSD? Just follow this guy

letitroll

interesting guy he's more focused on GBPUSD at the moment forecasting big drops

suppose my concern over the USD is that if the PIIGS require serious bail outs the Euro will take a serious beating

anywhere that lists target predictions for currencies like lists a 60% chance that the euro will be worth $1.40 by end Q2

letitroll

just returning to this now there seems to a bounce in EURUSD back to around 1.36-1.37 would be suspicous this is a dead cat bounce and Greek woes will drag it back down to 1.30 or lower

I have a not insignicficant amount of money that i would like to convert at the 1.37 level and aside from going down to my local bank looking for piles of dollars how can i lock-in this rate.

Can i open a dollar account and transfer my euro's in get them converted and then withdraw those dollars stateside at the 1.37 rate

digme

buy paper silver,cash out next year in dollars, you'll be loaded.