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

EUR

Discuss EUR in this thread
 
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DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Sep 26, 2011 1:24
pretty quiet news day today except for US new homes sales and G.20 nonsense
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Sep 26, 2011 0:59
g'day.. bit choppy early asia with few gaps now closed.. basically range trading..
Sir Ignore
United States
Posts: 3068
13 years ago
Sep 26, 2011 0:31
hello...thinking euro has just a little more upside to 3560/75 and then retrun to downtrend
usd/chf to possible 8990 but will return upswing..

holding usd/chf L8 at 9100 even... will add above 9080 both sides moving up...
current 9056


best looking trader Sir Ignore...
digi
toro, Canada
Posts: 1040
13 years ago
Sep 25, 2011 23:26
The decline of the EUR/USD is likely to continue wrote analysts of Danske Bank in a weekly report. According to them despite the fact that short EUR/USD positions may have become more stretched, a test of 1.30 within the next month is likely.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Sep 25, 2011 23:09
yes catnip eurobonds seems to best solution and I don't like the idea of leveraging the EFSF which in truth might need about 2 trillion.

I see Lagards is worrying about insufficient IMF funds now.
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Sep 25, 2011 22:14
That plan has zero chance of approvement. It can be by-passed with "leverage" but any idea of bailout is now seen strictly opposed. Merkel and Schauble stand alone even their closest party allies now balk at EFSF. Imo no matter what the market will decide, and as one can see from bund yields, the market goes eurobonds. These will come restricted to triple A rated. These bonds will find buyers at 2% to 2.5%. There is no other way to avoid breaking Euro.
jacek
Australia
Posted Anonymously
13 years ago
Sep 25, 2011 12:36
interesting early monday in asia is coming up..
http://www.telegraph.co.uk/finance/financialcrisis/8786665/Multi-trillion-plan-to-save-the-eurozone-being-prepared.html http://www.reuters.com/article/2011/09/25/imf-idUSS1E78N02620110925
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Sep 25, 2011 4:44
sounds like Germany is out.. and France won't do it on it's own.. so no euro bonds comming..

"Germany Fin Min Scaeuble says euro bonds would destroy fiscal discipline in eurozone.."
cat0nip
Germany
Posted Anonymously
13 years ago
Sep 24, 2011 22:15
One of the birth defects of Euro is fiscal sovereignty. The other economical sovereignty. The third, as a consequence, is an incredible huge administrative overhead that slows down any
decision making process. The fourth is the media are either mouthpiece of the respective governments or of unions or of entrepreneurs but none is independent.
This kind of multi-cultural over-national democracy had failed to weather headwinds and will go under in heavy storm.
Thus the only choice left is to repair the birth defects. The recent proposal of Eurobonds lite, that only the so far remaining triple-A rated members issue Eurobonds, is doable, if Germany quits balking at it. A good start. Otherwise, Euro will collapse.
Olivier
UK
Posted Anonymously
13 years ago
Sep 24, 2011 21:17
All those who say that Eurobonds are definitely coming, can you please explain to me the following:
how can Eurobonds exist without fiscal union?
If you don't have fiscal union (ie a common taxation and spending system that is shared by all the participating countries) then all that is happening is that the more fiscaly prudent countries end up subsidizing the Greece of this world so there would not be any difference.
And fiscal union is about as far away as you can get: I can't see any government that is going to allow Brussels/Strasburg to decide its level of taxation and even fewer citizens who would be happy with that.
Each country's level of taxation is finely tuned by each political party in power to make sure that they don't tax too much (or the people get angry) and that they spend enough (so that people feel their taxes are well spent).
Name me one political party that is willing to abdicate setting the level of taxes on nits citizen and that same party will be the one losing the election.
With that in mind, I see Eurobonds as non-starters and simply a smokescreen to mask the unsolvable eurozone problems and allow the current governments to kick the can down the road and hope for a miracle (that will not arrive lol).
That's my view and I'm quite happy to discuss it as I don't pretend that I can grasp everything
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