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Posts by "cat0nip"

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1999 Posts Total by "cat0nip":
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cat0nip
(Frankfurt, Germany)
72 Posts by Anonymous "cat0nip":
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cat0nip
Frankfurt, Germany
Posts: 1632
11 years ago
Feb 7, 2013 22:39
In Thread: EUR
wonderful..flag up EUR down...
methinks the EUR rally is over back to the fundamental things.
Buy GBP.
cat0nip
Frankfurt, Germany
Posts: 1632
11 years ago
Feb 7, 2013 21:11
In Thread: EUR
Credit conditions germany turning bad no red flag. Deterioation flag up for Austria and Italy. One might go short in Oligarch lender Erste bank of Austria.
cat0nip
Frankfurt, Germany
Posts: 1632
11 years ago
Feb 7, 2013 19:17
In Thread: EUR
all would be well if only DSK got her laid ...
yes I am head of IMF but first of all I am Frenchman..
not so Berlusconi ...from 18y below. A nationalist of the second kind
cat0nip
Frankfurt, Germany
Posts: 1632
11 years ago
Feb 7, 2013 15:39
In Thread: EUR
In reply to cat0nip's post
doesn't hold
cat0nip
Frankfurt, Germany
Posts: 1632
11 years ago
Feb 7, 2013 15:25
In Thread: EUR
In reply to DaveO's post
yes I'll try a small long pos if 3410 test holds ... however JPY still stronger
cat0nip
Frankfurt, Germany
Posts: 1632
11 years ago
Feb 7, 2013 14:34
In Thread: EUR
Don Draghi
talks while EUR crashes ( the strength meter went wild)
or did EUR crash because Draghi talks?
Seems he had missed something out....
Anyway credit deterioation flag is a nice leading indicator.
But I closed the short that was triggered.
cat0nip
Frankfurt, Germany
Posts: 1632
11 years ago
Feb 7, 2013 14:30
In Thread: EUR
In reply to DaveO's post
not so much I think. Credit markets are relatively slow. the credit deterioration flag rose a couple of days before the sov bond yields went up for Italy Spain and now France.
cat0nip
Frankfurt, Germany
Posts: 1632
11 years ago
Feb 7, 2013 11:37
In Thread: EUR
You can turn it up and or down w/0 effect: charts tell the past, they are trailing. I found that the CDS data published ( of course not real time, the real time service isn't cheap) by markit
are a leading indicator. Indeed it is the credit market that determines fx moves. Leading, fx trails. Of some interest as a summary I use Investment Grade and High Yield, and especially intersting, Credit deterioation flags for sovereign debt. These have shown clearly in advance why EUR didn't go up further.
I think Don Draghi's comments could diminsh some well founded doubts today. If not...well...I am prepared for either.
cat0nip
Frankfurt, Germany
Posts: 1632
11 years ago
Feb 7, 2013 11:17
In Thread: EUR
In reply to Ashraf Laidi's post
Ashraf my trades are short term and fully automatic. It trades changes of trends of strengths differences and works quite well. Thus for that long term views are not interesting. Only occasionally I make trades myself w/o algorithm. This doesn't prevent however to point out that the Eurozone politics re economy and financial is dead wrong, especially, from the german side, and will eventually end in desaster.
I take the side of Cameron here the EU is an ineffective extremely costly adminstration monster that cannot be tolerated.
Merkle broadly supports that 63 bln of EU budget alone goes for
EU officials. That is 6% of the total budget. No private enterprise could survive that. Only Merkel's.


cat0nip
Frankfurt, Germany
Posts: 1632
11 years ago
Feb 6, 2013 22:10
In Thread: EUR
oops looks that SNB dumps EUR buys USD ?
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