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Posts by "jacek"
2735 Posts Total by "jacek":
174
Posts by Anonymous "jacek":
double and triple confirmations needed before calling reversals
"GREECE: Speculation of a Greek agreement has been reached for its
voluntary PSI deal continues to do the rounds. According to Greek
newspaper Proto Thema, The entire Greek debt is replaced by a 30-year
bond term and the coupon on the new bonds (which will replace the oldest
existing haircut) will be 3.10% and will rise to 3.90% and go up to
4.75%. "Greece will pay the first year only interest and then interest
and principal", added Proto Thema, citing sources. The website adds
that banks, institutional investors etc. will get a 50% haircut, of
which 15% will be cash and 35% of the new bond. The final terms are
expected to be announced Friday afternoon by the head of the
International Financial Institute (IIF) Charles Dalaras, added Proto
Thema."
as a matter of fact aussie is ignoring just about everything for the last couple of (inside) days!:-)..
L 1.012 T 1.022 SL 1.007
"CHINA: Market News International will release its flash China
Business Sentiment Friday at 9:35 am local (8:35 pm ET Thursday). In
December, in the final result (flash survey released one week ahead of
the final), the overall current business conditions index dropped for a
third straight month, to 52.78 from 54.64 in November and 58.47 in
October. The December reading was the worst since the 41.67 recorded
during the depths of the global financial crisis in January 2009. The
index was at 62.08 in December 2010. HSBC will also release its flash
China PMI Friday (+49.0 last). The market is eager for further
confirmation that China will not see a hard landing in 2012."
going long on retest or confirmation of this break out..