Posts by "cat0nip"

OOps eur crashes in Sydney trade

Traders should haste a bit to understand what the bailout of Cyprus banks means for at first the "weaker" members of Ezone.
In short term positive for EUR in long term very negative.
And from Merkel all plump lies.
The russian Oligarchs who caused the crisis of banks of Cyprus
as they withdrew the laundered money at left the banks bare of
any capital will not be charged with 10% .
So the question no journalist not even in UK dares to ask did Merkel warn her russian oligarch friends?
In the near future no matter what charts say there will be a large
withdrawal of accounts from Italian Spanish ..and you name it banks. That will strengthen which currencies?
No the CHF not so much the russian Oligarchs are already out they prefer USD now. But yes the Singapore dollar. Possibly the HK dollar, too. And the JPY.

yes i am short cable over the weekend

A recently published book demonstrates strikingly to which order of magnitude Merkel and Schauble betray the markets.
The book calculates razor sharp: Germany is by far the most indebted Ezone economy. Schauble has never included the pensions of zillions of officials due in the next 7 years: these exceed
Euro 2 trn ! There are no funds anymore, Schauble used these to play the actual debt of Germany down.

Told ya my long target is 1,32 by friday....
no one listened...