Thanks! UBS is a stock broker right? but if you have converted them to EURO, it means you can't buy US stocks.. tama ba?

Siguro I should ask my brother in London to buy my dollars insead(para favorable sa akin)... o gamitin ko nalang kaya.

QUOTE:
Thanks! UBS is a stock broker right? but if you have converted them to EURO, it means you can't buy US stocks.. tama ba?

Siguro I should ask my brother in London to buy my dollars insead(para favorable sa akin)... o gamitin ko nalang kaya. :D

UBS is a big financial supermarket. They are stock broker, wealth manager, and market maker kinda like Merrill Lynch, Goldman Sachs etc...

You still can buy US stocks with UBS even if you have Euro they will simply convert it to USD automatically and convert it back to Euro automatically once you sell. I don't buy US stocks using UBS mataas commissions nila ($100 above I believe) for that purpose I use online brokers like TD Ameritrade. I invest my Euros in mostly bonds (German bunds and some ECB bonds) and time deposit medyo conservative ako dito since malaki laki ang amount compared sa nilalaro ko sa stocks.

GOOD LUCK! Sana pumayag bro mo makipalit

http://www.cnbc.com/id/21829883

Even Chinese State TV tells citizens to dump dollars.... We don't even need the charts anymore anything like this is an automatic sell on the dollar (US dollar that is cause I like the 2 other dollars Canada and Australia)

For long termers like me here is the break out of the consolidation of the EUR/USD. The EUR/USD has been a very very solid uptrend and recently it consolidated due to all the market termoil going around (kuno USD being a safe haven asset and all, I am not a believer of that of course....). ANyway on to the charts, nice uptrend. Consolidated with a symmetrical triangle and then BREAKOUT and more likely continuation of the trend. Its never too late to get into the Euro....

Hi,

What's are the supports of the EUR/USD? A correction is on hand, but I think long term it is still dollar bearish.

If not for our political noise, converting the USD to PESO is still most rewarding because the peso is still appreciating while others are correcting.

Do you agree with the PHP-USD forecast of 37.50 in 12 months? Convert and hold on to peso for next 12 months then convert to EUR later. If the trend doesn't change, lower cost for EUR.

The question you should ask is are you trading only are you doing wealth management cause these are 2 different animals. I see the Peso should outperform the Euro against the USD in the next year however put into context that USD/PHP is very illiquid we only get $350M transaction a day vs EUR/USD a trillion a day. I would rather have my wealth in hard currencies like the Euro than 3rd world currency like the Peso. So if its a trade buy the PHP against the USD if its more of wealth management buy the Euro against the USD.

Yes the Euro is correcting and I like it to correct so that it flushes out the excess and those who wanna sell go sell so that we have new buyers to come and push it up again. The next support for Euro is 1.4355 and I maintain my bullishness because all the themes and ingredients for a weak USD are still intact.