Posts by "jacek"

anyway.. here is my trade account for the latest AL's trades..

Trade account #: 00179487 Created at: Sep 19, 2011 9:23:05 PM Status: Active Base currency: USD

CLOSED TRADE LIST

Ticket # Symbol Volume Date Sold Bought Gross P/L Comm Rollover Adj Net P/L Condition Created By
07908657 EUR/JPY 10,000 9/28/11 11:12 PM 103.950 LE x1d180150001 9/29/11 12:22 AM 104.250 -39.21 0.00 0.00 0.00 -39.21 S x1d180150001
07908824 EUR/USD 10,000 9/29/11 12:17 AM 1.36200 LE x1d180150001 9/29/11 3:55 AM 1.36650 -45.00 0.00 0.00 0.00 -45.00 S x1d180150001

Total: -84.21 0.00 0.00 0.00 -84.21
Posted at statement period of time: -84.21 0.00 0.00 0.00

sounds to me like a direct capital infusions to the EU nations themselves is on the table.. both fiscal union and Eurobond unlikely.. so rumoured Euro TARP might happen sooner rather than later to fill budget gaps of PIIGS and support sick EU banks.. the better alternative is obviously default, defection and dissolution of the utopian EMU as we know it today.. EU countries which are not part of EMU like Poland which has been delaying EMU entry and also devaluating its currency lately must count itself very lucky indeed..

"..Tsy Sec Geithner, in interview with BBC Radio, says must help
EU leaders understand 'that markets are moving much more quickly than
they are moving, and these things have the classic dynamic that the
longer you wait the harder it is to solve, the more expensive it is to
solve, and there is a huge premium on early action.' Also says it is
important for the governments to escalate is 'so that they do not leave
the central banking carrying too much of the burden of responding to a
crisis.'.."

with fundi statements like that.. i find refuge in charts:-)

"..Passive is less than active, active is less than active plus a cut on excess reserves, which is less than QE3.."

yeah.. big gaps in euro pairs.. usually good to trade closure of these in early asia.. but the break below 3700 is a worry..

who cares:-).. but perhaps this can help..

"..At present, the market has favoured the USD amidst the weaker risk environment, but should the risk environment improve we view SEK and NOK will benefit.."