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Posts by "cat0nip"

1999 Posts Total by "cat0nip":
1927 Posts by member
cat0nip
(Frankfurt, Germany)
72 Posts by Anonymous "cat0nip":
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
May 16, 2011 21:38
In Thread: USD
despite poor data NY maufacturing and even worse TIC purchases USd reslatve strength rallied back to 75.7 in NY pm session. Ecofin tomorrow critical for further direction of Eur. Stay sideline.
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
May 15, 2011 16:25
In Thread: EUR
With Strauss Kahn impeded, a slave to Merkel will temporarily be replaced by John Lipsky.
Positive for Eur is to let those members of the common currency go bankrupt which are bankrupt and stop transfers. Could be monday after a further drop below 1.4 EURUSD could recover if Lipsky tells Merkel to shut up and to take lessons in basic arithmetics.
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
May 15, 2011 10:14
In Thread: EUR
IMF head Dominique Strauss-Kahn dragged off a plane on his way to Berlin to emergency meeting with financial super brain Merkel, remains in police custody ( Strauss-Kahn, unfortunately not Merkel) in NY.
While technical analysis of relative price charts such as EUR/USD is utter nonsense ( can 1:1 be replaced with coin flipping) TA of a relative strength chart of EUR makes more sense.
This chart of EUR relative strength looks VERY bad by TA method.
Supports were broken on friday and next level indicates another 5% loss in relative strength.
Provided the relative strengths of USD and JPY remain unchanged, EURUSD will fall below 1.4
and EURJPY below 112 tomorrow.
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
May 13, 2011 7:39
In Thread: EUR
GDP quarterly France & germany above consensus did not change Euro relative strength although Eonia raises sharply possibly indicating ECB hike June. Market considers leading economcal indicators, these are very poor - industrial orders crashed. EURUSD now fully determined by USD relative strength. Watch Tnotes 5y 10 y yields these indicate USD rs weakness.
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
May 10, 2011 16:48
In Thread: EUR
much confusion from ECB Merkel .... Eur relative strength shows no strength as it appears only clear what will not be considered in greece case...that solves no problem.
Only scalping possible long term pos may go dead wrong.
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
May 9, 2011 21:35
One has to admit GS calls were eventually precise . Now GS made a long call on wti and brent and it works ,too. What is going on at GS?
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
May 8, 2011 9:39
I watch both RTS and MICEX. RTS index is traded in USD and MICEX is traded in ruble.
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
May 7, 2011 20:41
What does it need to kill a speculative rally?
a. hike margin
b. close credit spigot

Of course the fundamentals for gold remain intact... but not now. Very important is the continued drop in UST yields. Inflation is not a concern now. This is not supportive for gold.
There could be margin hikes for crude coming.
So what is the point? The FED wants UST to be bought. They may be able to reduce their
portfolio of UST. This is pro USD and anti gold ( and bad for stocks and commodities) .
I always watch russian stocks index realtime. Russian stocks are 100% USD hedge.
When this index continuously falls you can be 100% sure USDx will go up before it goes up.
And commodities will drop before they drop.
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
May 7, 2011 10:25
In Thread: EUR
Juncker has already debunked .... he confirmed a meeting but stressed it wasn't about Greece
and Greece leaving Ezone is as well out of question as restructuring.
Of course Greece is as bankrupt as Ireland and Portugal... if they would follow given Greece exits a bank crash is inevitable. Thus the Greeks play just hardball with Merkel. That's all.
They want indefinite extensions and easening rates. And they will get it. Next Ireland will get it and Portugal will get then Spain and Italy will declare bankrupt and...
Merkel lost big. THIS is what could further weaken Euro. The biggest suporter a lame duck. But I think monday will bring a short lived relief rally. To about 1.45. Good for short.

cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
May 6, 2011 21:34
In Thread: EUR
put a eurusd order long @144 ... relief rally is possible in asia trade monday