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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
May 7, 2010 17:37
@Gunjack
as far as my data go it seems german banks are second in exposure to PIGS France is first and Santander has little exposure . Santander is more exposed in corporate loans .
lucky
ibadan, Nigeria
Posts: 377
14 years ago
May 7, 2010 17:11
it seems there some people coming long there market is stabalizing but i wish to wait till monday 2 confirm y veiw i am still short on gold if things stable people will liquidate gold and if things is bad governments will liquidate it instead of printing more money this is my view how about yours guys
Gunjack
London, UK
Posts: 1184
14 years ago
May 7, 2010 17:04
@Catnip it's Santanders exposure to the PIIGS that still worries me, even though I have been a buyer of the stock since 8 and am increasing my holding at certain intervals...Am also quite keen on the re-insurers and oil cos
Stationdealer
London, UK
Posts: 715
14 years ago
May 7, 2010 17:01
Folks start your weekend early and try to take some of this weeks edge off. Dont worry you will find everything there on Monday (vix suggestive), but what's important GO ENJOY THE WEEKEND!!!!!!!!!!

;) Love n Peace

adis amigos
Stationdealer
London, UK
Posts: 715
14 years ago
May 7, 2010 16:51
In exceptionally volatile trading, EUR/USD is back to 1.2700 level after a momentary spike to 1.2758, possibly driven by market talk than the ECB is preparing a loan facility to help euro-zone banks. ECB declined to comment. Currencies have swung in broad ranges the entire global session, with brief spikes on a combination of events, data, headline news and trading-floor chatter. Recovery in US equities has also supported euro. EUR/USD now at 1.2694 from 1.2599 late Thu, according to EBS via CQG. USD/JPY at 91.71 from 89.92. GBP/USD at 1.4700 from 1.4832. ICE Dollar Index, which tracks the greenback against a trade-weighted basket of currencies, at 84.738 from 84.910. DJIA down 53.
Stationdealer
London, UK
Posts: 715
14 years ago
May 7, 2010 16:44
By Stephen Cox, CMT
A DOW JONES NEWSWIRES COLUMN

NEW YORK (Dow Jones)--The Dollar Index has risen fast this week and its upward trajectory has been nearly vertical. In fact, although it's not evident that the uptrend is exhausted, an interim top is about to form, I believe. See chart at
http://www.dowjoneswebservices.com/chart/view/3934

It's notable that Friday's trading so far is confined in Thursday's 83.924-85.268 range. That's an obvious signal of fading upside momentum, and the virtue of heeding such homely details is the fact that you don't need a whiz-bang mathematically overcomplicated technical oscillator to tell you the obvious: The bull is about to take a break.

That conclusion is reinforced by the fact that an interim top may be lurking in the 85.584-85.659 resistance band. And I remember the first technical lesson that stuck in my brain, lo, these many years ago: Slowing momentum and looming resistance is a recipe for a selloff.

The final point of the chart is the fact that the Dollar Index would have to make a precipitous drop in order to kill the bull outright. Uptrend channel support, as I've alluded to this week, is a good way below the current market. Friday's support is 81.685, and that wide a drop would be a profit breaker even if it didn't hurt the uptrend.

For now stop trades at 82.820, or at 81.163.


Look For Relative Euro Rally

The prospect of a Dollar Index correction, of course, suggests a corresponding correction of the euro's ongoing downtrend against the dollar. The euro's downtrend low, recorded Thursday, is $1.2521. A minimum correction would, I believe take the euro back to the $1.2710-$1.2742 resistance band. That move would probably only delay an eventual test of target support at $1.2342.


(Stephen Cox, a chartered market technician, is chief technician for Dow Jones Newswires. He can be reached at 212-416-2212 or by email at stephen.cox@dowjones.com.)

(Data by CQG)


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(END) Dow Jones Newswires

May 07, 2010 11:32 ET (15:32 GMT)
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
May 7, 2010 16:35
eur 600 bn to prop up banks ... I bought some 100000 opt calls on Banco santander... hope ECB does so....
djellal
LAUSANNE, Switzerland
Posts: 531
14 years ago
May 7, 2010 16:27
Saxo Bank (Switzerland) - 15:21
EUROZONE: Traders circulating a rumor that the ECB will announce an E600 bn loan facility this weekend that will be available to about 1100 banks. Not sure where the talk originates from but gaining wide circulation. We have not seen any official announcement.
djellal
LAUSANNE, Switzerland
Posts: 531
14 years ago
May 7, 2010 16:23
BULLET: EUROZONE: Traders circulating a rumor that the ECB...
EUROZONE: Traders circulating a rumor that the ECB will announce an E600
bn loan facility this weekend that will be available to about 1100
banks. Not sure where the talk originates from but gaining wide
circulation. We have not seen any official announcement.

Provided by: Market News International
lucky
ibadan, Nigeria
Posts: 377
14 years ago
May 7, 2010 16:14
asad oil will see 7240 if it break 7450