Forum - EUR (Topic)

djellal

LAUSANNE, Switzerland

Posts: 531

14 years ago

Jun 11, 2010 12:19

In other words "yours" all rallies on risky currency ..."spielen" !!!... lol

djellal

LAUSANNE, Switzerland

Posts: 531

14 years ago

Jun 11, 2010 12:13

... next week.

djellal

Switzerland

Posted Anonymously

14 years ago

Jun 11, 2010 12:10

On cable 120p in the pocket... I put another short pending order at 1.4750... according to the level of eurusd right now wich seems to be supported for the moment, risk appetit is still there, I can expect a rebound on cable with this very volatil US afternoon expected... and if risk appetit is still there as I think we could expect a rally in higher yields assets with Michigan figure... on retail sales I think the figure ll be more important than last month contrary to the brokers and bloomberg expectations what could boost short term risk appetit... This could be very interesting for my trading plan because my short pending orders coulb be executed...

Trend is bearish so I don't want to play the short terms rallies... If it isn't in the end of today afternoon wee gonna see a sharp reversal on all risky assets

catnip

Frankfurt, Germany

Posted Anonymously

14 years ago

Jun 11, 2010 11:52

I am waiting to short EUR if it comes to 1.22 I think if merger of Caja Madrid and Bancaja could complete that would boost EUR as then the conglomerate can tap government rescue fund and hence dump some EUR 220 bl of nonperforming loans onto the taxpayer. The sum of nonperforming loans exceeds the combined capital of Spanish savings banks , savings banks are very important in Spain's economy more than big biz banks for loans.

Stationdealer

London, UK

Posts: 715

14 years ago

Jun 11, 2010 11:38

ECBs Stark: There Is No Alternative To The Euro For Europeans Reuters Insider

Question of whether euro has a future is a crazy one
Our single currency has a future and is the future (ohhh Im getting goose bumps)
Crisis is not a crisis of the euro but one of sovereign debt
Debt crisis is not limited to euro area, or regions of euro area
This is new phase of global crisis
I think market participants do not consider the fact that economic fundamentals remain strong
Euro area not facing dimension of destruction in wealth as other parts of the world
Economic growth will pick up again after we have overcome current crisis
Potential growth could be similar to pre crisis level
Likely GDP per capita will revert to similar levels as before crisis
Seeing a loss of confidence by markets in ability to run sound fiscal policies
Markets seem too be focusing on debt problems in Europe
Behaviour of rating agencies has been irresponsible (hear hear!!!)
Rating agencies had no idea about Greece support package before making downgrades, was unjustified
We are facing severe problems but not as severe as markets suggest

Guy went on for ever. Enough of that. Anyways comments helping lend euro modicum of support. EUR/USD presently up at 1.2130. Earlier today EcomFin Minister of Spain comments bumped Euro from its days lows when he added by saying "Spain does not plan to ask EU or any request made to EU for loans" if only Merkel could half as much as Spanish Fin minister Euro would be doing allot better. I bet she sucked at maths when she was at school and was even worse at finance later in life. It sounds as though she has no foresight or knowledge yet rely s on some idiots advice that's making her being perceived as crazy grandmother trying to tell you better.

Stationdealer

London, UK

Posts: 715

14 years ago

Jun 11, 2010 11:19

Did anyone buy EURCAD and USDCAD?

EurCad seems to have made a sound bottom, I remember similar moves in 2008 when Euro was making early highs against it. While EurChf is rising and fast. CadYen seems toppish and probably seems another 3 4 four days left in it before it starts falling lower.

djellal

LAUSANNE, Switzerland

Posts: 531

14 years ago

Jun 11, 2010 11:16

But as we can see euro has lot of difficulties to break is big resistance level which is a big Fib level, so we'll likely see a big reversal

djellal

LAUSANNE, Switzerland

Posts: 531

14 years ago

Jun 11, 2010 11:09

Trend is bearish so I prefer put some pending Big short orders at 1.2230(res.) and 1.24 with sL at 1.27... after the good news last wenesdey and yesterday in china market could reniew with the bearish chanel... Moreover lot fears are growing about china Inflation what could bring risk aversion at new, (look profit taking on Aussie and Kiwi)..

Lee Hardman, a London-based foreign-exchange strategist at the Bank of Tokyo-Mitsubishi UFJ Ltd. But we see no clear drivers in the horizon to sustain a rise in the euro.

Chartvuze

salisbury, UK

Posted Anonymously

14 years ago

Jun 11, 2010 11:08

Hi Yo,all

any Euro supporters out there ??

Germany will have to hire a whole fleet of Triremes to ferry across the 22.4 billion Euros
in loans they,ve promised Greece over 3 years, unfortunately Angela Merkel has cancelled
the 1.1 billion Euros promised to GM,s Opel operations in Germany.

Beware Greeks Bearing Gifts

Good Luck Out There

Stationdealer

London, UK

Posts: 715

14 years ago

Jun 11, 2010 11:05

Where is everyone today,

Feels like a intervention day today or someone is going to make one of those terrible disastrous statements. A close near to 12280/90 will make things very interesting today. Below we know the rest, at the moment Euro trades at 1.2121. Am expecting volatility to play in today there's not only options expiry but also June futures contract. These days day trading is back so is market swings and volatility.

These days Brazil is facing most difficulties from Euro's declines yield premiums for Brazilian companies, the amount of higher interest they need to pay vs. benchmarks, increased as financial uncertainty rocked Europe. As a result, Brazilian companies have postponed international bond issues for the the sixth straight week. It's the longest dry spell in fourteen months

Companies are unwilling to accept the higher interest rates right now, but if higher premiums persist, it's only a matter of time before they need to come around to the new reality. Credit availability is being sucked out of the Brazilian market, thanks to, as Max Keiser has described, a black hole of debt in Europe.