The Euro is Tanking

[smedly]

Some of you Euro users may have been amused these last few months when sterling took a serious downturn, although it didn't really affect me as I have a reserve of Thai Baht that will last me for a while changed at well over 54/GBP

 

But the Euro is now in a very obvious downward direction and I don't see that trend changing for various reasons - go do some reading

 

If you are holding Euro it might be time to get into something else right now because all I see on my radar going forward is bad news

 

Euro against sterling has dropped about 6% in the last week and sterling is hardly the golden boy right now

[daveAustin]

I would be happy to see it tank along with the EU in general. FREEDOM!

[OJAS]

"If you are holding Euro it might be time to get into something else right now because all I see on my radar going forward is bad news"

 

Certainly bad news for my sister who lives in Paris. But good news for me as a Brit when I next visit her in 6 months time!

[dotpoom]

Good time to sell property in Thailand then.

[elgordo38]

The Euro is not alone in tanking. The Auzzies and Canucks are feeling the pinch to. I converted to American dollars a year ago the handwriting was on the wall back then and it is still pointing downward. The world is a huge Monopoly game. I must give the US their due years ago they convinced Saudi Arabia (during friendlier times) to sell them oil priced in US dollars. Then other commodities followed suit. Now the US regardless of economics has an endless line of credit to draw from for their frivilous credit lifestyle and then they went full steam ahead into credit never never land borrowing like a drunken sailor. A lot of the so called good times in the US is press related and watching the presidential election the press is very selective in their output to keep up the talk up of good times forever. Stock market 31,000 and other idiotic comments abound. 2008 taught us all parties come to an end and a hangover is in the future. 

[Kabula]

Most currencies are tanking with a strong US$; including the THB - US$.

 

Prepare...dark, financial clouds are forming worldwide

[Rimbuman]

[Enoon]

7 hours ago, OJAS said:

"If you are holding Euro it might be time to get into something else right now because all I see on my radar going forward is bad news"

 

Certainly bad news for my sister who lives in Paris. But good news for me as a Brit when I next visit her in 6 months time!

 

What will be the relative values of the Euro, Pound and Dollar in 6 months time?

Edited November 14, 2016 by Enoon

[12DrinkMore]

It all depends on the elephant in the room, coupled with a brown or maybe a black swan.

 

I favour a dead cat bounce, followed by a head and shoulders reversal.

[crackhouseparty]

47 minutes ago, Kabula said:

Most currencies are tanking with a strong US$; including the THB - US$.

 

Prepare...dark, financial clouds are forming worldwide

 

Winners and losers, my friend.  You've just got to guess the forthcoming winners then you're quids in.  I recently guessed The Donald and my bank balance is sufficiently replenished. 

[ujayujay]

Most in this Thread does't understand Economic. Euro 6% down.........GBP drops 12% and keep on this Level sience June 24....what a comparsion. If somebody think,to go with U$ Dollar......dream on.

[DrTuner]

It's the Trump effect. He's making USD great again.

[crackhouseparty]

Just now, ujayujay said:

Most in this Thread does't understand Economic. Euro 6% down.........GBP drops 12% and keep on this Level sience June 24....what a comparsion. If somebody think,to go with U$ Dollar......dream on.

 

Exactly, ujayujay.  It's all a dream, you just need to dream the next big winner.  Your scientific study is just as crap as all the rest.  A little lesson for you is not to predict on a forum because you'll look like a real twerp when it goes belly up.  Put your money where your mouth is if you are so certain. 

[Khon Kaen Dave]

elgordo38

i have to hand it to you,my friend,that if your rationale is correct,you are a very knowledgeable man.

[Dumbastheycome]

3 hours ago, DrTuner said:

It's the Trump effect. He's making USD great again.

I know it is  rude  to laugh at the intellectually impaired......but  I  am !

[Top man]

12 hours ago, daveAustin said:

I would be happy to see it tank along with the EU in general. FREEDOM!

Well said  dave . classic 

[chilli42]

6 hours ago, dotpoom said:

Good time to sell property in Thailand then.

 

Why so?

[Dtrump]

3 hours ago, DrTuner said:

It's the Trump effect. He's making USD great again.

That's why some people are wearing safety pins I guess cause he is causing them to poop in their diapers.

[chilli42]

4 hours ago, crackhouseparty said:

 

Winners and losers, my friend.  You've just got to guess the forthcoming winners then you're quids in.  I recently guessed The Donald and my bank balance is sufficiently replenished. 

 

Picking the losers is just as profitable as picking the winners ... and just as difficult

 

[Halfaboy]

A theoretical example (without overhead and imaginary exchange rates):

Say some time ago you bought  a property for 1million baht. Exchange rate 1 Euro = 45 Baht. Costs in Euro is 22.222.20 Euro.

Now you sell the same property for 1 million baht. Exchange rate 1 Euro = 37,5 Baht. Revenue is 26.666.67 Euro.

Edited November 14, 2016 by Halfaboy

[Pib]

4 hours ago, Enoon said:

 

What will be the relative values of the Euro, Pound and Dollar in 6 months time?

Answer: Wait 6 months to see.

[Shiver]

According to XE.com chart there's a support line around the 37.9 area.  Let's see if that supports it or if it's on thin ice.

[elgordo38]

8 hours ago, Kabula said:

Most currencies are tanking with a strong US$; including the THB - US$.

 

Prepare...dark, financial clouds are forming worldwide

Load up now this will not last forever. The economic cycle is said to be rotating to this side of the world. We will apparently prosper while others stand still or decline. Cheap labor has carried the day here. 

[Suradit69]

2 hours ago, Pib said:

Answer: Wait 6 months to see.

The Mongolian Tughrik seems to be on a slippery slope against the Thai baht, so waiting for six months or even longer might be a good idea for any Mongolian TV members planning to return home and repatriate their accumulated funds denominated in baht..

 

[jacko45k]

20 hours ago, daveAustin said:

I would be happy to see it tank along with the EU in general. FREEDOM!

I detect a Scottish edge to that post!

[chicowoodduck]

Oh my Buddha, like I even pretend to take any TV member serious on any fiscal or medical issue.......if they were even half smart they would not be giving out free bad advice on any matters.......IMHO....:-(

[smedly]

18 minutes ago, chicowoodduck said:

Oh my Buddha, like I even pretend to take any TV member serious on any fiscal or medical issue.......if they were even half smart they would not be giving out free bad advice on any matters.......IMHO....:-(

you just did lol

 

 

PS go look up the words "topic" and "conversation"

[jimmyyy]

Loving me some trump!  Seems like the stock market agrees with me.  Lets get to that 40.00 mark baby.....

 

Still smiling!

 

 

[bangon04]

Where is Naam when we need him........

[meatboy]

tanking where oct 3rd. TT RATE 38.5 yesterdays close of play 37.8.