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Posts by "stationdealer"
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Posts by Anonymous "stationdealer":
S&P affirms Italian debt rating, quelling rumors of downgrade
Merkel: Market is exaggerating tensions, speculators are our adversaries
Greece passes austerity law; rioting resumes
Merkel: IMF had to act on Greece because Europe could not act alone
German cuts tax revenue estimates, Italy cuts growth outlook
Feds Bernanke: US economy continues to strengthen
US jobless claims fall to 444,000 from 448,000
Trading error in S&P 500 rumored to have sparked nearly 8% US equity slide intraday
Ive seen quite a few market panics in my nearly 25 years in the market but today was definitely one of the top ten and maybe one of the top five Oct 1987. Black Tuesday 1992, and the days after the Lehman collapse might rival today, but few top it
Markets were already under extremely intense pressure at mid-afternoon in New York with more rioting in Athens flashing across traders screen when US equities went into an epic freefall, never before seen in terms of the speed of the move, in my experience. The Down fell almost 1000 points intraday, the S&P 500 fell more than 100 points and all the other markets came completely unglued. Credit began to freeze like it did in 2007 through early 2009 and the market -making function almost seized.
It would not surprise me at all to hear of central banks intervening in markets tomorrow, not to change the markets direction so much as to try and lower volatility.
EUR/USD fell as low 1.2510, coming perilously close to triggering what is rumored to be a massive 1.25/1.35 DNT
Expect markets to be razor thin on Friday with banks conserving capital and speculators spooked by a spike volatility. Non-farm payrolls are small potatoes compared to what weve seen today and will be an asterisk, in the schedule.
through what?
whats happening here
someone please make sense of it
please summarise
As the single currency plunged yesterday, Weber said the threat of contagion from Greeces fiscal crisis doesnt merit using every means, rebuffing calls for the ECB to consider buying government bonds. The central banks Governing Council meets today in Lisbon, the latest capital to be hit by the fiscal meltdown thats shaking the foundations of Europes monetary union.
READ MORE HEREhttp://www.bloomberg.com/apps/news?pid=20601087&sid=a4su14RxAIeA&pos=1
The job losses are going to stay with us for a very long period of time Unemployment is going to remain high. U.S. economic growth will slow to a 2 percent rate or less in the second half of the year. That implies continued slack in the goods market and in the labor market.
Where as people who are looking to run along the Euro retracement the only strategy that comes to mind is positions placement, only if your broker lets you divide your standard margin lots in mini's, I Doubt it will break 127 by friday and then buying 0.2 on every 60-70 point dip and hold till 13230. The way Euro will develop in coming days is where every rally will be met by a 60/70 downward move to the previous sup/res level and thats where you can place buy lots.
But i will only recommend this strategy to people still hold a sell on euro from above 13300 / 13400.
I follow this strategy base on commodities such as Gold copper oil payoff in just few months its just phenomenon. But always go by fundamental and futures statistics.