Forum

Posts by "dodger"

View Member Profile
122 Posts Total by "dodger":
102 Posts by member
Dodger
(London, United Kingdom)
20 Posts by Anonymous "dodger":
1234567891011
Dodger
London, UK
Posts: 139
14 years ago
Jun 25, 2010 20:40
In Thread: EUR
Euro and pound ridiculously overbought but still not backing off on a friday afternoon with G8 and G20 at the weekend! Ok oil is up but seems to be a lot of irrational exuberance taking over the new york session or it just me???
Dodger
London, UK
Posts: 139
14 years ago
Jun 25, 2010 10:37
In Thread: EUR
Euro has been extraordinarily resilent in the face of wall street sell offs of late,mostly because selloffs were generated by bad US data.Markets seem to be changing their riskon/riskoff view as for Euro/Usd with problems in the states coming into focus as to federal deficit and the fact that debt in several US states make greece look positively healthy.
Dodger
London, UK
Posts: 139
14 years ago
Jun 24, 2010 17:55
In Thread: EUR
Seems some funds liquidated their long term euro shorts before their summer break.Might have to wait for japanese exporters to do some euro selling and tidy this gap up asian morning.
Dodger
London, UK
Posts: 139
14 years ago
Jun 24, 2010 16:59
In Thread: EUR
Wup! Where did that spike come from ??? Swiss???
Dodger
London, UK
Posts: 139
14 years ago
May 30, 2010 6:20
In Thread: EUR
I have never personally had any dealings with the ratings agencies,however my contrarian mind keeps telling me the guys presently pronouncing the ill health of various sovereign debt and thus influencing all markets are the same guys who a few years back were rating packages of sub-prime mortgage debt AAA??? Should they really still have the credibility to move markets???
Dodger
London, UK
Posts: 139
14 years ago
May 27, 2010 10:14
In Thread: GBP
Santander makes good profits from its Brazilian subsidary these days,which kind of balances out its european exposure.Spanish problem is the "cajas",which are small localised savings banks which were pretty loose with their lending in the boom years,particularly in the wild south where the property developers kept "tame"bank managers,along with the well publised "tame"alcudes or mayors many of whom are currently serving time.Spain is also very regional even to the level of small towns,where one can be in a boom and 20 miles away everbody is on the social.Without sounding like a "Franquista",also think people outside of spain have no idea how heavy the immigration into spain was in the boom years,that could turn into a real burning issue if things get bad,zapatero gets voted out and the"PP"who are very nationalistic conservatives get voted in.European ecconomic problems are already and will threaten to become more political problems as the budget cuts start to be bite,spain,portugal,and greece were all run by militery juntas until the late 1970s we must not forget.There is a lot of medium term political risk manifesting in southern europe that may "hopefully" be underestimated.
Dodger
London, UK
Posts: 139
14 years ago
May 26, 2010 8:52
In Thread: Will the Euro Break Apart?
VOTE:Greece will exit Eurozone for ever

Just think the problems have become too deep for Greece,there is little in common ecconomically with core europe,and it has become apparent it was a mistake for greece to join in the first place.Once out memories of these current problems will cause a barrier to re-entry for some time to come unless there are massive changes in the way the greek ecconomy perates.
Dodger
London, UK
Posts: 139
14 years ago
May 25, 2010 10:34
In Thread: EUR
Be carefull of the swiss SNB,trying to repeat last weeks intervention,particularly after london close,that worked pretty well last week.
Dodger
London, UK
Posts: 139
14 years ago
May 20, 2010 9:23
In Thread: EUR
Ross european stock markets opened up,this low euro is really what many european companies have been waiting for to boost their exports. Catnip you are oh so right,america has states in similar dire straits to the "club med"and much bigger!Difference is they have a unified national policy,centralised administration,and one all powerful fed,as you say there are so many layers of politicians,bureacrats,on national or EU level with their own agendas"princes" that nothing gets done!If the EU let alone euro is to suceed it is time to grow up and face the 21st century with a commitment to unified policies,unfortunately I am probably dreaming!
Dodger
London, UK
Posts: 139
14 years ago
May 7, 2010 20:55
In Thread: GBP
Brown is not holding out for nothing,there are still a lot of hard points of contention between libs and tories,clegg also has to clear any deals through his own party inner circle by their constitution.Personally hope not,but there could be a whole week of stalling,horse trading,and uncertainty for the pound yet to come??
Report Reply
1234567891011