Posts by "ptaczek"

@Callum: Looking at the daily, there is almost linear trend since the early february in both SPX and DJX which seems to be less natural in my opinion. Also the timing (friday close almost precisely at 1200 and 11000 respectively) smells like there is something fishy under the cover. But it could be just me looking for something where is nothing to look for ;) From my point of view, equities are set for correction but Im more concerned about GBP ;)

@sydneyjames: tnx for tips!

@macrosam: there's more on the rumor about Greece aid in my newswire:

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The dollar index has dumped nearly 1% on the heels of the Eurozone bailout news for Greece - more importantly, the rumored rescue is believed to be for all of the PIIGS with a facility to borrow at euribor 3-month +275 bps which saw Portugal CDS tighten more than Greece at one point.

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If it will be a kind of all-the-piigs-rescuing-package, what are the possible implications for the eurozone as a whole? Will it solve the most fundamental problems which are in the differences of eurozone members? I mean, there is no way how can southern members compete with Germany and France in growth terms but they have to share common rules.

@montmorency: a vested interest in buying Euros? Who could that be? Hmmm, let's see what we have in that drop-down menu... ummm.... let's pick speculators today. It could be speculators :D

Sure, but looking at the price, it's clear what people think about right now ;) Huuuraaay, the euro is saved! Anyway, this new paint will have to dry a little..

newswire: London, April 9. EUR/USD has risen to a 3-day high of 1.3439 as some short euro positions are squared on the back of the claim from a macro-political intelligence service that EU officials have reached an agreement in Brussels on funding a backstop deal for Greece. The name-in-the-frame reportedly says that the package will be a single "one-stop shop" between the other 15 EZ members, EU institutions, and the IMF. It also says that if Greece wants to tap the E20-25bn fund, it will have to apply to both the EU and the IMF jointly. The EZ share of the finance will allegedly take the form of bilateral loans at a rate higher than that of the IMF but well below those in the market.