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120 Posts Total by "ptaczek":
110 Posts by member
ptaczek
(Brno, Czech Republic)
10 Posts by Anonymous "ptaczek":
 
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ptaczek
Brno, Czech Republic
Posts: 110
13 years ago
Dec 1, 2010 19:11
In Thread: EUR
btw: Reuters: US Treasury official says not discussion extra commitment to IMF for Europe stability fund now. Up and down and up and ... december :D
ptaczek
Brno, Czech Republic
Posts: 110
13 years ago
Dec 1, 2010 18:05
In Thread: EUR
catnip:
I agree on the fact that EU banks are in worse shape than the US in terms of capital. Back in Q4 2008 we was discussing that issue and thought the problem will be visible sooner than it really was. Im not much of a doom&gloom person, but there are even FaceBook activities that call people to go run o their banks ;)

ashraf:
tnx for early warning!
ptaczek
Brno, Czech Republic
Posts: 110
13 years ago
Dec 1, 2010 17:50
In Thread: EUR
Ashraf just tweeted this: I'll say it again: it is NOT a big deal for USA to say it will committ to helping EU expand EFSF via more dollars from IMF.

I'm not so much concerned about USA at his point. I'm trying to figure out what are the implications for the PIIGS and their bonds. In other words, what are the medium-term implication for EURUSD?
Does it mean, that to have more bailout money is positive for the EuroZone because the probability of bailout money shortage is lower? Or does it mean that the Germany will be less reluctant to help if there is the option to get money from IMF if a more help is needed for example in case of Portugal or Spain headwinds? Still not so clear.
ptaczek
Brno, Czech Republic
Posts: 110
13 years ago
Dec 1, 2010 17:38
In Thread: EUR
QUOTE:
-------------8<--------------
NEW YORK, Dec 1 (IFR) - Reuters News revealed that the US Administration will back an increase in the IMF standby facility for the European states that they back-stopped last May when the Euro debt crisis was on the verge of a meltdown. According to the article a U.S. official was quoted "There are obviously some severe market problems. In May, it was Greece. This is Ireland and Portugal. If there is contagion that's a huge problem for the global economy."
Earlier in the day we heard that a US Treasury envoy is en-route to Europe for talks. Now the government is suggesting that the US would support an increase in the IMF's portion of the E250bn EFSF "It is up to the Europeans. We will certainly support using the IMF in these circumstances." EUR/USD soared 120 pips on the story but has ebbed into a 1.3135/55 sideways chop.
-------------8<--------------
So... how much will this change the fundamental landscape. Looking at the market reaction, it could be a game changer.
ptaczek
Brno, Czech Republic
Posts: 110
14 years ago
Oct 20, 2010 11:45
In Thread: USD
@Ashraf: "No one does it like we do", you are damn right. You have my respect. Without your views, I'd be about 50% short of information. Nobody does it like you. tnx!
ptaczek
Brno, Czech Republic
Posts: 110
14 years ago
Sep 15, 2010 21:44
In Thread: JPY
Y35 trillion? That's 17 days of intervening. And the higher the USDJPY goes the more japanese exporters and traders will sell. Even with intervention of that size I still don't see the trend reversed. They can slow it down to some degree but there's no consistent GLOBAL recovery on sight (or at least I don't see any), so why sell yens?
ptaczek
Brno, Czech Republic
Posts: 110
14 years ago
Sep 15, 2010 21:22
In Thread: JPY
You may be right about the timing. And yes, Im scratching my head ;)
ptaczek
Brno, Czech Republic
Posts: 110
14 years ago
Sep 15, 2010 20:51
In Thread: JPY
@FrankBrit: Same here. I'd bet that it is ONLY a political gesture. Ozawa lost the vote so the pro-intervention chances waned. The strong yen became political issue, has been used as a tool in the political battle. Considering the japanese sense of honor I'd not be surprised by anything. Moreover, they intervened at the least appropriate time. The dollar got crushed just a few hours before the intervention and the renewed QE rumors... Insane, illogical and desperate from my point of view.
ptaczek
Brno, Czech Republic
Posts: 110
14 years ago
Sep 15, 2010 20:25
In Thread: JPY
Never underestimate a politician. I don't know whether they wanted to stabilize the currency but to me it smells like someone's ego aka honor is in play in Japan...
ptaczek
Brno, Czech Republic
Posts: 110
14 years ago
May 12, 2010 11:53
In Thread: GBP
Michael Hewson's view of the Sterling at Cantoshttp://bit.ly/aL8Iln
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