European Bloodbath Continues

European Bloodbath Continues

From zerohedge.com

Europe was a sea of red (apart from Bund prices) today. With yesterday's window-dressing done and overnight dismissal of Spain's hopeful ECB-workaround, European equity and credit markets were dismal, EURUSD ended under 1.2400, and 2Y Bunds at 0.00% yield. Financials underperformed in stocks and credit with senior bank spreads back up to 300bps and LTRO Stigma jumping 12bps to 177.5bps (near record wides). Spain and Italy dominated both single-name banking and non-banking credit and equity moves as well as sovereigns with Spanish 10Y now +45bps on the week and Italy +37bps (with Belgium, France, and Austria all ... (full story)

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May 30, 2012 5:28pm

Quoting maix75

Disliked

i realy don't know why every body keep saying that eur will go up

and it still going down ..

Ignored

It's simple really - everyone but you and I are stupid!

But seriously people/traders want to have 'pride' in their home currency so they introduce bias into their trading rather than use technical analysis and reading the charts.

fxsport

May 30, 2012 5:26pm

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What happened - Forexia wrote yesterday that the EU was all smiles and giggles and that I should buy EUR/USD!

Dr.Zain

May 30, 2012 2:21pm

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Broken all supports, free fall. long live EU

m1kz

May 31, 2012 9:18am

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Quoting fxsport

Disliked

rather than use technical analysis and reading the charts.

Ignored

Bingo... Finally someone realizes it...

Kis Zoltan

May 30, 2012 12:21pm

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I'm very surprised that nobody not understand that it is will bring very quickly the US default. It's not only a confidence-crisis, it's a very hard USD liquidity-crisis, mega-delevereging move. Perfect storm.
"I'm standing here tonight, but I'm afraid I don't hear ..just silence"
by Tuld from Margin Call
Silence from the USA.

mk77ch

May 30, 2012 12:43pm

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dont listen to all the market-gurus who always know where the eurusd will be in the future. look at price and volume. there are people who scream buy or sell at any given moment and they are most of the time pretty wrong. look at todays one hour chart. do you remember all the people telling that eurusd will rally after that 45 pips spike? stick to your trading-rules, use a stop loss and listen to what the charts tell you.

nunonuk

May 30, 2012 12:02pm

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Quoting Guest

Disliked

Market will pop . Euro will get stronger between 230 to 4PM. Expect positive news before the close to bring market up

Ignored

What are you talking about!!
Will Germany accept the Euro Bonds?

Jayakatwang

May 30, 2012 12:43pm

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Quoting JD8888

Disliked

I do hope buyers see sun soon. Its been dark for a while now. May GOD bless Euro. Everytimes someone said its going up! It break the new low. I know it have to go up. Its when? 1.2000? 1.2200? 1.2300?

Ignored

if today eur close at 1.2400 level,,,
eur will go up after make lower price at about 1.2360

if like that,,, i ll open long eur/usd at about 1.2360 level

Jayakatwang

May 30, 2012 2:26pm

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Quoting Guest

Disliked

Market will pop . Euro will get stronger between 230 to 4PM. Expect positive news before the close to bring market up

Ignored

eurusd today(30 May 2012) is replication of 1st Sept 2011

lionair1

May 30, 2012 3:31pm

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Quoting maix75

Disliked

i realy don't know why every body keep saying that eur will go up

and it still going down ..

Ignored

because they making mistake by buying earlier and hopping can open new buy and counter their losses..

, but for me, just follow the trend .. hihi

Loadedgun

May 31, 2012 10:21am

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Quoting maix75

Disliked

i realy don't know why every body keep saying that eur will go up

and it still going down ..

Ignored

It is because it has broken all bounds and there is right now no clear way of measuring it's limits or when it might react. Yet the bias remains to the downside. I have an unassailable model of the market and I am now unable to measure that - this is uncharted territory.

dralialadin

May 30, 2012 12:19pm

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ECB will Intervene to refixed EUR rate all of major currency pair. just see guys....

Tequillo

May 30, 2012 1:17pm

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Eurousd seems to have NO bottom today!

JD8888

May 30, 2012 11:52am

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Whats the positive news you were talking?

JD8888

May 30, 2012 12:36pm

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I do hope buyers see sun soon. Its been dark for a while now. May GOD bless Euro. Everytimes someone said its going up! It break the new low. I know it have to go up. Its when? 1.2000? 1.2200? 1.2300?