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

EUR

Discuss EUR in this thread
 
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cat0nip
Frankfurt, Germany
Posts: 1632
12 years ago
Sep 5, 2012 22:41
sterilized bond buying implicates selling other assets from the balance sheet of the ECB, and I wonder what has the ECB to sell and who is gonna buy? The Fed sold short term treasuries and bought long term, flattening the yield curve, or at least attempting , if the ECB sells longterm PIIGS crappy bonds to buy short term, doesn't that steepen the yield curve? And who buys PIIGS crap? Yes! The Ezone banks... bolstered with ECB LTRO.
In computer theory that is called thrashing, like throwing all garbage from left side to right side, and back, and so on. So if done fast enough, garbage is always in the air. But not gone.
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Sep 5, 2012 18:01
yes nothing but farts all over the eu continent and NY internals completely flat lined today, either in confusion or awaiting NFP.
cat0nip
Frankfurt, Germany
Posts: 1632
12 years ago
Sep 5, 2012 15:18
Merkel backs Draghi and Bundesbank and backs inflation and deflation. That is a fat fart, algos go in catch22 mode, Goedel and Turing rotate in their graves, predict uncontrolled oscillation and algos mutually deceiving until none can pay the power bill anymore.
Qingyu
manchester, UK
Posts: 1763
12 years ago
Sep 5, 2012 15:16
the question is china react before or after Dr. Ben, and how big is it.
nicky123
Alabama, United States
Posts: 4
12 years ago
Sep 5, 2012 15:03
Everyone here is professionAl trader?,
cat0nip
Frankfurt, Germany
Posts: 1632
12 years ago
Sep 5, 2012 12:13
What made EURUSD spike ? Draghi blurp. No chart astrologer can imagine how far EURUSD jumps up if Merkel farts. Algos respond to such noise.
China non manufacturing index nears recession , steel spots at all time low, if PBOC won't react soon
aussie will soon see parity.
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Sep 5, 2012 10:26
Yeah cat, its all a tech trader's political nightmare AU short still going good.

gl @ skipper, I am still in comparitive scalp mode. Feels like the algos are in control at mo. Pleased that FL was spared.
cat0nip
Frankfurt, Germany
Posts: 1632
12 years ago
Sep 5, 2012 8:14
Spain and Italy bonds still tell the big Draghi bailout bazooka coming. If ECB does not deliver tomorrow EURUSD may loose 200 pips, if big surprise may win 200 pips , thus we have political targets 1,23 and 1,27. Methinks 1.27 is more likely .
Sir Ignore
United States
Posts: 3068
12 years ago
Sep 5, 2012 1:07
placing short position e/$ 1.2532
1 hr model dropped more than 17 pips from mid tunnel 144/169 sma..21 sma down
4 hr short with candle open and close below 8sma..
2570/80 stop zone...
tp depends on volume/momentum move...sub 2500 high probability..and then see.
gl gt.

DaveO...storm mild...weather great now....
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Sep 2, 2012 23:46
Thanks cat for comments.
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