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Posts by "stationdealer"
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Posts by Anonymous "stationdealer":
ECBs Gonzalez-Paramo: Details on sterilization of bond buys next week.
US weekly jobless claims fall to 444,000; slightly higher than expected
Portugal unveils deficit reduction package, about 50/50 tax hikes and spending cuts. Deficit projected at 7.3% this year, 4.6% next year.
Deutsche Bank CEO Ackermann says he doubts Greece can pay debts.
US sells $16 bln in 30-year bonds at 4.43%, bid-to-cover 2.60
S&P 500 falls 1.2%, DAX rises 1.2%; gold eases to $1232; oil falls $1.75 to $73.85
EUR/USD traded with a heavy tone throughout the session spending most of the day capped in the 1.2590 area. Talk of Chinese bids were heard in the 1.2540/50 area and much of the day was spent ranging between 1.2540 and 90, no surprise.
Prices turned lower late in the session as US equities accelerated intraday losses and the euro ended on its lows, around 1.2530. Less than a week after a trillion dollar package to save the euro, the euro trades 20 pips above spike lows made during a 10% crash in the S&P a week ago today.
Cable had a rough day as well. It broke the range of its recent base at the 1.4720 level and fell back all the way to 1.4610 where it met Asian demand. Poor UK trade figures were the fundamental excuse used for todays slde.
USD/JPY spent the session in narrow 92.60/92.95 ranges. Traders reported heavy offers being lowered to the 93.00 area after overnight weakness in USD/JPY.
Attempted to rally in Europe and again in the US but was unable to hold gains near 0.9025. We end not far from session lows at 0.8960.
Portugal PM, opposition leader agree new measures to cut 2010 budget gap by about 2 bln euros Reuters source
U.S. prosecutors ask if 8 banks duped rating agencies New York Times
Merkel: Stabilisation of the euro is an existential matter. Maintains vision that one day all EU-member states will join euro. Failure of the euro would be a failure for Europe. Crisis is an opportunity for EU to strengthen economic and political union, not just common currency
Leader of Spains biggest union: General strike over cuts last thing this country needs
Shanghai stock index ends up 2.1%, biggest percentage gain in 6 weeks
UK government says agreed 5% pay cut for all ministers statement
UK March global goods trade balance -7.522 bln, much worse than median forecast of -6.41 bln
Greek February unemployment rises to 12.1% vs 11.3% in January
Things started out quite brightly, European stocks following their Asian conterparts higher, and then things just sorta fizzled out somewhat.
EUR/USD started around 1.2655 and rallied early, but sell orders noted up at 1.2690-1.2710 were never really threatened. A big German bank (infact THE big German bank) came in selling aggressively and we fell quickly. Buy orders were noted down at 1.2600/10 but a US bank helped push these aside.
Stops tripped just below 1,.2600 and we fell to session low 1.2563, just above noted buy orders at 1.2550/60. BIS seen buying at 1.2585, could have been in lower. So in recent days seen them as sellers above 1.2700 and buyers below 1.2600. Ummm.
Cable started around 1.4860 and rallied fleetingly above 1.4900. Didnt last long though. The pairing was already under fairly heavy pressure when very poor trade data (see above) helped trip stops through 1,4800 and weve been as low as 1.4747 so far. Were presently at 1.4770.
USD/JPY has had active morning. Started around 93.20 and got as high as 93.64 (just shy of stops through 93.65) and that was that. As European stocks started to give up ground, so did EUR/JPY and USD/JPY.
Buy orders at 93.00/10 were eventually taken out after brief struggle and we eventually got as low as 92.62 before some recovery to 92.75 at writing.
EUR/CHF fell as low as 1.3997, taking out barrier option interest at 1.4000. That was quickly followed by large bid for 250 mln coming in at 1.4000/05. Given that earlier reports had SNB on the bid at 1.4005 well take it that it was them. Were presently at 1.4015,
And my note was concerning UK and GBP not the Euro members and the bail out. I'm mentioning here steps BOE might be considering right now if your buying into how the markets are playing up right now. I think sometimes you should just put your hand up and admit it.
We are all inside the Self-Destructive Minds of a Group of Idiots. Call me unwise but I stop believe here.
I do not see any joke in this, but how long till margin at these money manager vs financial brokers/hedge fund banks starts squeezing. It's starting to stink now! Another week like this and every one will be ready to pull the plug.
WAKE UP.......
Wrong!!!!! & straight through pathetic.
If you must then, BOE will continue to drive more money out of the Economy, so the Gov calls for more strict measures to be taken, where further QE will be added, hence bond will increase while property & jobs might take another hit, given benefit for interest rates to be kept low, bring in new bloody regulatory reforms (Fed & US admin's next Iraq war scenario drag us all into it *%&$@%&*^) and we can all suck Queen's cock.
im not able to post a comment! test 12 4 58
It should be perfectly obvious neither housing nor the recovery can stand on its own two feet without round after round of stimulus measures. April marked a record 19th straight monthly shortfall, highlighting the challenges facing the Obama administration. Corporate tax receipts totaled $77.1 billion for the year to date, an increase of 8.9 percent. However, please remember corporate profits reflect profits, not wages paid to employees. More importantly, individual income tax collections were down 11.6 percent so far this fiscal year to $500.8 billion.
Then Why Is He Extending Them Loans? Wasnt it a week ago when Deutsche and other German firms announced they would supplement the German governments loan package to Greece?
Ackermann sees problems in Portugal, but thinks Spain and Italy will be okay, he said on German TV.
EUR/USD is taking the headline in stride, now near the top of the US range, at 1.2595.
Earlier Portugals largest opposition party PSD says they will support austerity measures announced by the government earlier today. The euro is getting no help from the news, while is was trading at 1.2554 2hours ago. Cable is leading the way at the moment, trading heavy at 1.4680. Technically, 1.4400 is the medium-term target. And here we were told conservatives election win will be taken positively by the markets.
While dollar index likely to form a double top around 8540, incase it turns south, buy AUS, GBP, EUR, buy oil sell Gold 11945 - 11885 for then buy back signals.
Meanwhile i sight Eur towards 13230
GBP to 15350
Aussie to 9115
Copper also will move to 325