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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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DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Nov 18, 2011 1:40
Any rallies will be short lived until further notice. Way to go yet.

I have been hearing about nazi elites today. Very worrying prospect !
cat0nip
Frankfurt, Germany
Posts: 1632
12 years ago
Nov 17, 2011 22:21
US LIBOR-OIS spreads dropped due to a sharp rise in OIS . Interbank lending freezes.
Same with Euribor-Eonia but here Euribor fell hard ( ECB liquidity injection) .
Consequently then EURUSD shouldn't move much as both effects cancel each other ( EURx and USDx raise both equally).
I think however tomorrow ECB will get out the bazooka and that will change the course.
If so EURUSD will shoot up .
But there is still mucho politics involved. Thus uncertain . Better get up early at least before Draghi leaves Don Berlusconi's Italian all night sauna bunny club
Qingyu
manchester, UK
Posts: 1763
12 years ago
Nov 17, 2011 20:30
interesting, eurusd didnt drop much today.

if asian trade freeze in NY close level, tomorrow morning trade may up, but maybe head north around 1200 london time, or even NY open.
jacek
Melbourne, Australia
Posts: 2579
12 years ago
Nov 17, 2011 20:07
i smell dead cat..:-)

"..the basis swaps are the widest as they have been
in the current cycle. The spread widening is a symptom of the stress
that banks are having now, the basis swaps should not
need to take on any added dimensions but they are now." Analysts note
also that straight FX forwards have moved to the right sharply. Three
month euro fwds, at a premium of 10.17 to 11.06 now, were at a discount
of -10.22/-9.27 a month ago..
Ashraf Laidi
London, UK
Posts: 0
12 years ago
Nov 17, 2011 16:01
Latest EURO TIMELINE from MNI


EUROZONE: Timeline of key events in the eurozone for next few weeks:

- Nov 17 Greek debt chief & bond holders meet for PSI agreement

- Nov 17 EU Barroso, Barnier & Almunia speak in Brussels

- Nov 17 Belgium T-bill redemption for E6.423bln

- Nov 18 Greek T-bill redemption for E1.6bln

- Nov 18 Spain T-bill redemption for E6.204bln

- Nov 18 ECB President Draghi speaks in Frankfurt

- Nov 20 Spain General Election

- Nov 21 Greek PM Papademos to meet with EU Van Rompuy & Barroso

- Nov 21 Portugal year-to-date Budget report

- Nov 22 Spain sells 3-/6-month T-bills

- Nov 23 EU Rehn issues consultation paper on euro bonds

- Nov 25 Portugal parliament discusses 2012 budget

- Nov 28 Belgium OLO bond auctions

- Nov 28 EU-US Summit in Washington

- Nov 29 Eurogroup meeting

Source: MNI

Ashraf
Qingyu
manchester, UK
Posts: 1763
12 years ago
Nov 17, 2011 8:31
but for today, asian trade up most times lead to down.
Qingyu
manchester, UK
Posts: 1763
12 years ago
Nov 17, 2011 8:29
no, cat, my last chart could have you result. :)
cat0nip
Frankfurt, Germany
Posts: 1632
12 years ago
Nov 17, 2011 7:19
After Fitch's warning on contagion and Juncker's warning on blooming German debt the ECB is now under highest pressure to act as LOLR i.e. to act as a FED.
Big rally in EUR ahead no matter what chartz indicated.
It is a matter of days now.
jacek
Melbourne, Australia
Posts: 2579
12 years ago
Nov 16, 2011 23:24
euro's rebound was contained below 38.2% retracement so perhaps we have a flat correction on our hands?.. (in EW speak:-) .. prefer to use a consolidation range.. thus looking for eventual break-outs..
jacek
Melbourne, Australia
Posts: 2579
12 years ago
Nov 16, 2011 23:12
btw it's worth watching aussie and looney for early moves on euro.. these are still unadulterated..
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