Forum > View Topic
by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
Discussing EFSF guarantess, EURUSD Cycles, Fed/ECB monetary policies http://www.youtube.com/ watch?v=rEJoZmD8xkc
Discussing the various approaches of technical analysis and trading dynamics in EURUSD and S&P500 http://youtu.be/paIwdUwgtiw
Ashraf
Most possibly the issue is undercapitalization and very high leverage of EZone banks ( note
commercial banks and investment banks are not separated in Ezone) .
Thus one can expect the EFSF summit has no degrees of freedom left.
They must decide a full ( CDS will be activated) backstop of banks for a 50% to 60 % haircut of Greece debt;
that is more than Eur 250 bln for bank recap
and
around 1.5 EUR trn EFSF bailout fund
I assume, as there were big USD long pos and even more EUR short pos built up , a squeeze
could propel EURUSD above 1.4
this should be a very good short level for 400 pips , from 1.4 to 1.41
Skipper DX close to its 200DMA with usdchf confluence c.8740
a spike to 1.40 ..or not.Traderz are skeptical.