Interesting. Bad ZEW numbers but the Euro doesn't fall. For me this is some kind of a good sign that we have a floor around 1.22/23 as strong support now.
Everyone is short now. I mean I've never seen such a short overload before. It doesn't need much to get a nice short squeeze here. The possibilities of (first) verbal intervention and real intervention are rising. Even though I think this will happen below 1.20.
Well that won't happen of course. We Germans might be a bit "old school" but this would be the end of the financial world we know. That would be bad for everything and Germany would be in real trouble (broken laws, compensations and so on...) All those rumors are just stupid.
At least the EU DOES something against their debts. What are the US doing? Nothing. This wheel will go on and markets will focus on US and UK again after the dust has settled...
I mean beside this huh and hoh about Greece and the other countries the underlying fundamentals are not that bad and I still stick to it that the ECB will start to hike this year in Q3 or Q4, long before the FED which will (in my opinion) not hike this year and maybe even not in 2011.
I think 1.28 is a reasonable target and very probable before going lower. Looking at the monthly chart I can't imagine big sellers going short right here before a retracement.
Hmm... that becomes too obvious. It reminds me on stocks recommendations from daily newspapers. If it gets that far I always know it's a good contra indicator. ;) So now almost every daily newspaper (non financial!) tells about the euro crash. It's the same for Gold. For me a good sign to go long Euro and short Gold. ;)
These euro breakup rumors are quite funny. Guys, THIS WON'T EVER HAPPEN. This is all just about speculation. A breakup of the Euro would be a real mess. And I don't mean the Euro alone. It would be a world wide disaster...
White, we Germans benefit huge from the Euro. If we still had the DM it would trade much higher than the Euro and that would hurt our exports very much. So yes, we benefit strongly from a weak Euro and that's why Merkel just talked it down the last months.
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(11 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(11 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(11 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (11 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (11 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (11 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(11 months ago)
إستعمال تحليل الإنترماركت والتحليل الفني الكلاسيكي لتداول الذهب و الناسداك و السندات. شاهد هنا
Using intermarket technicals analysis to trade XAUUSD Nasdaq100 and Bonds.Watch here.
Latest Hot-Chart - May 16
Dax 200 DMA Deviation
You remember we went short Dax40 in late March based on the 13% 200 DMA extension, which gave us at least a 500-pt gain.
View Hot-Chart..
At least the EU DOES something against their debts. What are the US doing? Nothing. This wheel will go on and markets will focus on US and UK again after the dust has settled...
I mean beside this huh and hoh about Greece and the other countries the underlying fundamentals are not that bad and I still stick to it that the ECB will start to hike this year in Q3 or Q4, long before the FED which will (in my opinion) not hike this year and maybe even not in 2011.
http://ftalphaville.ft.com/blog/2010/05/13/230631/now-about-those-dem-rumours/