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

EUR

Discuss EUR in this thread
 
jjstone
Toronto, Canada
Posts: 45
14 years ago
Jul 20, 2010 4:42
USDX is 200ema short eur/usd
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Jul 19, 2010 22:25
EURUSD did not hit 1.30 but remained well supported above $1.2770-28. In fact, Friday's close above $1.2880 was a positive sign. Some say 1.30 is a psych barrier but it looks like 1.3130 is the next key resistance

Ashraf
mo
liverpool, UK
Posts: 123
14 years ago
Jul 19, 2010 21:52
Thanks Ashraf on the regular update on twitter and IMT
keep up with good work
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Jul 19, 2010 20:23
Qiman
yes this is exactly the achilles heel of the eurozone : no common treasury no common economy politics. The question imo is as all are summoned for execution who is shot first...not who is getting out of recession first. Well Pritchard is kind of permabear ... anyway if Wichita falls so falls Wichita Falls
Qiman
United States
Posts: 237
14 years ago
Jul 19, 2010 20:10
Finance experts call for 'Tobin tax' on foreign exchange trades
An international group of finance experts including the boss of the UK's main chartered accountancy body, have criticised plans for bank taxes put forward by governments and the International Monetary Fund in favour of reviving the idea of a "Tobin tax" on foreign exchange trades.

The global tax could raise $33bn (21.5bn) to fund development projects and bring nations together in a single effort to combat poverty rather than create divisions through competing bank taxes, the report said.

The report by the Leading Group, commissioned by 12 governments including the previous Labour administration, follows calls by Lord Turner for a tax on bank currency transactions to "throw sand in the wheels" of the banking system to discourage "socially useless" trading activities.

It said a tax on foreign exchange deals, which would cost an extra 0.005% on each trade, was simple and mimicked existing arrangements. About 95% of foreign exchange transactions between banks are already processed via a single computer system (CLS Bank), which collects a transaction fee of 22 cents per $1m traded. http://www.guardian.co.uk/business/2010/jul/18/tobin-tax-financial-transactions
Qiman
United States
Posts: 237
14 years ago
Jul 19, 2010 20:07
Stress-testing Europe's banks won't stave off a deflationary vortex

Euroland's authorities are inflicting a triple shock of fiscal, monetary, and currency tightening on a broken economy. They are doing so in a region where industrial output is still 14pc below its peak, where growth barely scraped above zero over the winter "recovery", and where youth unemployment is at 40pc in Spain, 35pc in Slovakia, 29pc in Italy, and 26pc in Ireland.

They seem unaware that China is slowing and the US is tipping into a second leg of the Long Slump. Last week's collapse in America's ECRI leading indicator to -9.8 marks the end of the V-shaped rebound. If this means what it normally means - recession within three months - Europe must take immediate action to prevent being drawn into a deflationary vortex. Spiralling public debt precludes further Keynesian spending, so this must come from central bank stimulus. Tight fiscal policy offset by ultra-loose money is the only option for Europe, the US, and Japan.
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/7897304/Stress-testing-Europes-banks-wont-stave-off-a-deflationary-vortex.html
Chartvuze
salisbury, UK
Posted Anonymously
14 years ago
Jul 19, 2010 19:27

Looking forward to the results of the stress tests.

good luck out there
Qiman
United States
Posts: 237
14 years ago
Jul 19, 2010 18:11
Hypo Real Estate Holding AG, the German lender taken over by the government following the financial crisis, failed a Europe-wide banking stress test, two people familiar with the results said.
http://www.bloomberg.com/news/2010-07-19/germany-s-hypo-real-estate-is-said-to-fail-eu-stress-test-on-bank-capital.html
Stationdealer
London, UK
Posts: 715
14 years ago
Jul 19, 2010 16:23
EUR/USDs rally reached 1.2985 on this latest run, just below earlier 1.2991 highs.

Weve got a mixed bag on our hands today with the dollar generally weak but there are exceptions. GBP has fallen back below 1.5240/45 support to session lows just below 1.5220. Commodity currencies, particularly CAD is soft as momentum traders jump on the euro bandwagon.

EUR/USD has dipped back after failing it overcome earlier highs, a sign markets do not want to get carried away on the topside until they have the stress-test results behind them It trades now at 1.2968.

Along with GBP on open we also started selling AUD as over the weekend there was announcement of the general election, that brings uncertainty back into the picture for AUD, when it comes to picking a government for Oz. But it will rally back of any good economic data or forecast, so for now selling on rallies to continue in these two currencies for short term.
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Jul 19, 2010 15:59
trading EURONIA derivatives is damn' hot