Comments on: EUR/USD intraday analysis November 5th

By: Szabi

Szabi — Mon, 05 Nov 2012 09:37:12 +0000

I also believe that Romney is going to win, I think his numbers are underreported. His win should be a HUGE plus for stocks (and quite substantially, if the House remains Republican too – the fiscal cliff will be solved very quickly). I don’t know how ear/usd is going to react. Because of the risk-on it could rally too, but the market may become too fearful that Bernanke is going to leave. Although, I think this fear is exaggerated. I think eventually European issues will decide its course.

By: admin

admin — Mon, 05 Nov 2012 08:02:39 +0000

HI Maji. first bids of note 12760/65

By: Iridium

Iridium — Mon, 05 Nov 2012 08:00:35 +0000

Yes indeed. It all depends on your time frame. If you look at a few days time frame, then my view remains that Romney is bullish for risk (more pro business, more pro Wall Street). If you look at 6 months time frame, then Romney is supposedly bullish for USD (less QE). However he is very likely to increase deficits and he can change his mind like a weathercock on any of his pledges!

By: majimaji

majimaji — Mon, 05 Nov 2012 07:56:27 +0000

any orderflow on eu, heard offers into 1.2850, bids into 1.28000 but no idea on institutions in play

By: Sean Lee

Sean Lee — Mon, 05 Nov 2012 07:19:53 +0000

Hi Banya. My take is this, if Romney wins possible short-term USD spike esp USD/JPY as Romney win seen good for Wall Street therefore good risk sentiment. Might then see AUD/USD and EUR/USD higher on back of improved risk sentiment undoing USD gains? Medium term if Bernanke resigns early, then that should mean higher USD due to reduced QE? But rest of world likes Obama/Bernanke so that affect on USD sentiment must also be considered? As always, more questions than answers 🙂

By: Banya.

Banya. — Mon, 05 Nov 2012 07:09:29 +0000

Iridium seems to be the only one who thinks markets shall rally on Romney win,every other article i have read says because of the Obama-Bernanke partnership,it wd instead cause a sell off in the markets(Usd Bullish) .Kindly indulge me sean.