Stefan Rie from CMC MARKETS Germany argues that the UK-position is much worser than Greece:
Greece represents only 3 % of EMU-GDP but cannot print any longer money after getting member of the EMU and has to go therefore bancrupt.
UK has a debt ratio of 12 percent und the national debt is high similar to Greece, but UK no refinancing problems BOE is financing the whole deficit of 185 Billion Pound buying 200 billion of government bonds
The actual vigor of the pound is a joke for him and parity Euro/POund within 18 months possible
A hung parliament is also on the way
in my mind pound goes straight south in the next few weeks
Does not a discount rate hike will also cause a rise in the price of US credit default swaps and a rise in the yields for debts, especially treasury bonds ? and could therefore be harmful for the USD ?
Confidence in the sustainibilty of job growth (with 50k census jobs) is not proven
considering the facts loss of over 8 million jobs over the two last years an joblessrate U6 at 17.5%
Do you mean further weakness or strengthness of yen ? if you see 94,70 in cad/Jpy this means upcoming yen weakness
In my mind at least GBP/yen and eur/yen could be dragged down by weak and weakenng GBP tightening of liquidity due to to possible discount rate-hike could easily drag down SP 500 (strong overbought) in favour of a stronger yen.
strong resistance areas on 1h charts around 127,60 eur/yen and 143,80 GBP/yen are not yet broken
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(10 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(10 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(10 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (10 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (10 months ago)
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Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(10 months ago)
تجنب الخطأ الشائع المتمثل في خلط مؤشرات الناسداك وداوجونز و الاس ان بي وإليكم كيفية تفاعله بشكل مختلف مع تذبذبات في عوائد السندات ليست كل مؤشرات الأسهم متشابهة. شاهد الفيديو
How to improve your decision--makingh between Nasdaq100 and SPX by watching technicals in bond yields -Details in video description.
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Stefan Rie from CMC MARKETS Germany argues that the UK-position is much worser than Greece:
Greece represents only 3 % of EMU-GDP but cannot print any longer money after getting member of the EMU and has to go therefore bancrupt.
UK has a debt ratio of 12 percent und the national debt is high similar to Greece, but UK no refinancing problems BOE is financing the whole deficit of 185 Billion Pound buying 200 billion of government bonds
The actual vigor of the pound is a joke for him and parity Euro/POund within 18 months possible
A hung parliament is also on the way
in my mind pound goes straight south in the next few weeks
due to the GS case yen should extend strength next week
Confidence in the sustainibilty of job growth (with 50k census jobs) is not proven
considering the facts
loss of over 8 million jobs over the two last years
an joblessrate U6 at 17.5%
Sorry, I dont understand your last entry
Do you mean further weakness or strengthness of yen ? if you see 94,70 in cad/Jpy this means upcoming yen weakness
In my mind at least GBP/yen and eur/yen could be dragged down by weak and weakenng GBP
tightening of liquidity due to to possible discount rate-hike could easily drag down SP 500 (strong overbought) in favour of a stronger yen.
strong resistance areas on 1h charts around 127,60 eur/yen and 143,80 GBP/yen are not yet broken
will the yen-cross weaken further even thought they meet heavy resistance lines; what is the impact of the NFP figures in your mind ?
only sell
see my last posts on threads
S&P500 / VIX Ratio & USD LIBOR and