Posts by "xaron"

Qiman: That's true. But a majority of Germans haven't any clue of economics so they don't see the side effects and simply think that everything would be better with the Deutsche Mark again. Look, we Germans are always a bit pessimistic and look into the past instead of looking into the future...

1.3250 was the low so far. Amazing! Something's cooking here. Looks like some huge safe haven flows into the CHF as the Dollar and Yen aren't that safe anymore. Does someone park some money there? ;)

Oh yep... still very tired after that football match yesterday. ;) I'm still long Euro, SL at BE at 1.2280, target still 1.2650.

Something very interesting (at least for me):
http://www.tradercurrencies.com/currency-trading/77819/american-states-on-the-verge-of-system-failure/

Some snippets:

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July 1st marks the tipping point of the Great State Meltdown.

...

For years, 48 states have borrowed too much and spent too much just like the Federal Government. But the key difference is: they cant print their own money to pay the bills.

And to make matters worse BY LAW they must balance their budgets by July 1st.

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So I scratch my head about the impact this could have. I guess this could lead to some Yen strength due to risk aversion?

1.2230 (S1) might hold for now. ;)