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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Jun 4, 2010 21:27
Euro crisis hits France, Germany
Sovereign debt worries aren't just for the weaker European countries anymore.

The latest round of questions about the euro sent debt-default insurance prices soaring across the Continent. Even in stronger economies such as Germany and France, the price of credit default swaps on sovereign bonds soared 15% or more.


Need a refill?
Buying insurance against a debt default in France still costs just a fraction of what it does in the more troubled, so-called peripheral countries such as Greece and Spain. But the price of hedging French debt surged 22% Friday to $102,000 annually on $10 million of debt for five years.

Thanks to questions about the future of the euro, it currently costs more to insure against a default on French debt than it does on debt issued by the United Kingdom, and more to insure against a default by thrifty Germany than by the profligate United States.

Meanwhile, several European bank stocks tumbled to 52-week lows. The big Spanish banks, Santander (STD) and Banco Bilbao (BBVA), were the biggest losers, dropping 7% and 9%. They have each lost half their value since the Greek crisis erupted in December. Other big lenders such as ING (ING) of the Netherlands also dropped around 5%, to levels within a dollar of their 52-week lows.
Zeeshan
Karachi, Pakistan
Posts: 4
14 years ago
Jun 4, 2010 19:04
Thank you ASHRAF. 1.17 is in my mind. But i was just asking how did you calculate 1.1970 for intraday?? I don't see any support or fib level at 1.1970.
kidwai
karachi, Pakistan
Posts: 77
14 years ago
Jun 4, 2010 18:42
Hi Ashraf Brother how are u, u are really the Gru of this market as u said today i did and i make it because of u.
Thanks a lot Best of Luck.
Best Regards
kidwai
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Jun 4, 2010 18:28
08150 EURGBP seen next

Ashraf
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Jun 4, 2010 18:19
Zeeshan, I said EURUSD target at 1.1970 when it was at 1.2040. i will not pretend to tell you i know the answer to why 1.1970 target was missed by 5 pips. i said a milliontimes we're going to 1.17 over these past 2 weeks on TV, print and online.


Ashraf
Zeeshan
Karachi, Pakistan
Posts: 4
14 years ago
Jun 4, 2010 18:05
Ashraf , how did said 1.1970 to watch for euro.. and interestingly it bounced off from that level..
Ginger
UK
Posted Anonymously
14 years ago
Jun 4, 2010 17:11
my target of 1.15-1.18 getting closer now - Thursday of next week is when I think this will happen when more bad news hits the market
Stationdealer
London, UK
Posts: 715
14 years ago
Jun 4, 2010 16:33
Right Out of Horses Mouth
Hungary Is Not In A Situation Close To Default Head Of Opposition Socialist Parliamentary Group News Agency MTI
EUR/USD sits at 1.2045, trading post US jobs report being confined to a narrow range so far.
Opposition Socialist parliamentary group leader Attila Mesterhazy says Hungary has no fiscal skeletons in the budget and the country is not in a situation close to default.
What did we say............


A Well Known Think Tank Apparently Saying
1.2000 in EUR/USD is a sensitive level for China.
I have no more details other than that. Might help explain latest pop in EUR/USD.
EDIT: Sources telling us that think-tank musings not seen as that important

Someone with a vested interest in 1.2000 barrier has been seen buying down around 1.2020 and selling up around 1.2050. Like a little microcosm of what we normally see our furry friend do. Funny old world.
djellal
LAUSANNE, Switzerland
Posts: 531
14 years ago
Jun 4, 2010 15:42
BULLET: EURO: Chatter suggests gist of the advisory firm is..
EURO: Chatter suggests gist of the advisory firm report is that China
has been buying euro assets to stabilize the currency ahead of the G20
Summit later this month. Report is said to cite China officials but is
unseen by us. Euro popped to $1.2070 as the chatter circulated but is
subsiding to $1.2055 now.

Provided by: Market News International
Stationdealer
London, UK
Posts: 715
14 years ago
Jun 4, 2010 15:09
@Cat
Nonfarm payroll employment increased by 431,000 in May, reflecting
the addition of 411,000 temporary workers for Census 2010.

what did I say, it'll only be reflecting most census workers they added this month.

Gunjack if you think that's bad have a read of this articlehttp://www.forbes.com/forbes/2010/0208/debt-recession-worldwide-finances-global-debt-bomb.html

fok it im buying euro here for 12480 and better above....... and im hoping monday we will get some relief from the Hungry comments in form of a denial or lack of transparency or a huge mistake. While continue to buying gold back of the goof ball of a confusion of sell the euro.