Quote (sentries @ Feb 20 2015 12:30am)
not sure what you are suggesting?
thinking about selling EUO relatively soon, not sure how much lower euro can go. Been busy with school recently so I haven't been able to read news as rigorously as I'd like but the key drives of the euro/usd exchange rate going forward will be greece/ukraine/fed's time table for raising interest rates.
Inverse etf on Euro? It's a profit off of their decline.
Yellen has been saying, since before she took the chair, that she was looking at jobs numbers as the priority recovery metric in the decision to raise the rate (by .25% or so). With those numbers improved, more recently she's hinted at approx a year or less.
So far as ECB goes, it's not just cold relations with Russia (via Ukraine), and the end of austerity, but a failure of other large economies to readjust to the changed manufacturing landscape (France, I'm looking at you) and lack of confidence.
This post was edited by wheniwassevenishotacheetah on Feb 19 2015 11:42pm