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Posts by "badnewz"

4 Posts by Anonymous "badnewz":
   
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badnewz
london, UK
Posted Anonymously
13 years ago
Mar 9, 2011 9:30
In Thread: EUR
Morning all,

So the big question remains - is Portugal now in line for a bailout?

At the moment I consider this a profit-taking correction in the Euro, but technicals are limited given the significance of the political programme, leading upto 24-25 March EU conference.

If Portugal blows up before then, it becomes another firestorming session, trying to save the euro.

If not, expect more rate hike talk which will boost the euro, UNLESS we get hawkish talk from the FED.

Place your bets...
badnewz
london, UK
Posted Anonymously
13 years ago
Mar 7, 2011 11:36
In Thread: EUR
I hope everyone had a nice weekend.
Euro up today, it should be remembered the Euro is doing well primarily because of distrust of US FED QE policies.
So by all means watch the European political situation - it's a good soap opera - but keep the other eye on US and growing resistance to FED policies and Bernanke.
I only play long-game - I still with a short begun some time back - but happy to keep going as the political trends are clear: growing resistance to EU in Europe, growing resistance to FED in US.
badnewz
london, UK
Posted Anonymously
13 years ago
Mar 4, 2011 21:30
In Thread: EUR
Everyone have an enjoyable weekend.
Note some institutions are still short the euro -http://www.euro-exchangerate.com/euro-to-weaken-0403192
Also reuters reports highest volume of euro longs since July 2008 - looking at the charts, I note that it duly dropped from 1.58 to 1.2 in the next three months. Ominous sign for those who are piling into euro long positions.
badnewz
london, UK
Posted Anonymously
13 years ago
Mar 4, 2011 7:51
In Thread: Will the Bank of England Raise Rates Before the European Central Bank?
VOTE:None will Raise Before July

Most interesting thing Trichet said was that there could be no series of rate rises, as it would impact (read collapse) the fragile banking system. This applies also to the UK. So for all the talk, Trichet is not an inflation hawk, neither is King at BoE, they run the shows there and like Bernanke have chosen to inflate away debt - how else can the west get out of this mess.
We are stuck in a Japanese conundrum - no rate rises this year, and no series of rate rises for many years.
Savers always lose out.
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