EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
China's Currency Trick خدعة عُملة اليوان
China's priority to make the yuan a lending currency instead of a reserve or invoicing currency. Here is what/why it means.
Latest Charts EURGBP & Gold مخططات
Here are the latest levels in EURGBP & GOLD discussed earlier with the WhatsApp Bdcst Group.
View Hot-Chart..
Comme BullCambFx le prssentait l'agence ISDA qui rgule le march des assurances du crdit (CDS) nous annonce avec le "sourire" que : "La restructuration de la dette grques n'est pas un vnement de crdit, ni mme un dfaut partiel". Autrement dit l'agence donne le message claire que les assurances contre le risque de dfaut n'entreront pas en garantie. Pour les investisseurs qui dtenaient de la dette grecques la perte va tre de 53.6% sur la dette elle meme + les primes d'assurances CDS qu'il avaient vers pour se couvrir. Par consquent, Citigroup, Bank of Amrica, JP Morgan Chase et autre Goldman Sachs qui sont les assureurs n'auront pas payer !
Publi le 01.03.2012 17:48 http://www.bcftrader.com/news/real-time-news/
The document asserts that Greece will officially be declared in default by all the ratings agencies after the close of business on Friday march 23rd . At the weekend all Greek bank accounts will be frozen, with emergency measures detailed to prevent the flight of capital. Included in the paperwork is a list of very limited exceptions to the no withdrawals order. All major banks are instructed not to deal with euro exchange as of open of business in Greece on Monday 26th march. All Greek markets will close for one day at least.
How Greece Could Take Down Wall Street
by Ellen Brown
In an article titled Still No End to Too Big to Fail, William Greider wrote in The Nation on February 15th:
Financial market cynics have assumed all along that Dodd-Frank did not end "too big to fail" but instead created a charmed circle of protected banks labeled "systemically important" that will not be allowed to fail, no matter how badly they behave.
That may be, but there is one bit of bad behavior that Uncle Sam himself does not have the funds to underwrite: the $32 trillion market in credit default swaps (CDS). Thirty-two trillion dollars is more than twice the U.S. GDP and more than twice the national debt.
CDS are a form of derivative taken out by investors as insurance against default. According to the Comptroller of the Currency, nearly 95% of the banking industrys total exposure to derivatives contracts is held by the nations five largest banks: JPMorgan Chase, Citigroup, Bank of America, HSBC, and Goldman Sachs. The CDS market is unregulated, and there is no requirement that the insurer actually have the funds to pay up. CDS are more like bets, and a massive loss at the casino could bring the house down.
It could, at least, unless the casino is rigged. Whether a credit event is a default triggering a payout is determined by the International Swaps and Derivatives Association (ISDA), and it seems that the ISDA is owned by the worlds largest banks and hedge funds. That means the house determines whether the house has to pay.
The Houses of Morgan, Goldman and the other Big Five are justifiably worried right now, because an event of default declared on European sovereign debt could jeopardize their $32 trillion derivatives scheme. According to Rudy Avizius in an article on The Market Oracle (UK) on February 15th, that explains what happened at MF Global, and why the 50% Greek bond write-down was not declared an event of default.
If you paid only 50% of your mortgage every month, these same banks would quickly declare you in default. But the rules are quite different when the banks are the insurers underwriting the deal.
The euro has held up relatively well on the foreign exchanges despite a two-year-old sovereign debt crisis that has seen euro-denominated bond yields rising to record levels and talk the currency bloc may not even survive.
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The euro has weakened in recent weeks as euro zone debt yields have soared with a solution to the crisis elusive, though investors have held off from selling the currency aggressively compared with other assets.
While the single currency has retreated from $1.42 to hit a one-month low of $1.3421 this week, it is up nearly 2 percent so far this year, and its recent pull-back has lagged declines in bonds issued by weaker euro zone countries and in European shares.
Below is a list of questions and answers on why the euro has avoided a bigger sell-off.
WHAT IS PREVENTING A FURTHER FALL IN THE EURO?
The deepening euro zone sovereign debt crisis has yet to trigger an exodus from the shared currency as portfolio flows from debt issued by highly indebted states have gone into German Bunds, resulting in no foreign exchange outflow.
technocrats Monti & Papademos are good news in short term but fundamentals are against the euro