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Pearls of Wisdom From Currency Analysts
Old 10-01-2007, 10:27 PM   #1
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Pearls of Wisdom From Currency Analysts

Oct. 1 (Bloomberg) -- The euro's record-setting rally may not extend through the end of October, according to analysts who rely on market patterns for their predictions.

No fewer than half a dozen indicators that measure the speed and slope of a currency's rise and foreshadowed the euro's three biggest slumps of the past year show the best may be over after it strengthened 4.7 percent in the past month to its all- time high of $1.4283. Citigroup Inc., the largest U.S. bank, says the euro may drop to below $1.37 unless the currency maintains its momentum.

Now that is going out on a limb for sure. Bloomberg Television Syndicated Reports


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Old 10-02-2007, 08:41 AM   #2
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Oh those pundits !

They just love to pontificate on what they think ! It's kind of like the weather guy. Everybody listens but nobody holds their predictions to what actually happens.

My prediction on the Dollar-Euro conversion rate... Now listen up closely...

It will fluctuate !

You heard it here first.
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