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- Magic46 commented Apr 15, 2013
I sure don't see it bouncing up much. Too many forces at work against it...China, gold, and aud/jpy
- Magic46 commented Jan 11, 2013
Still amazes me why anyone would trade what they think will happen or what someone says to do, instead of what price is doing.
- Magic46 commented Feb 20, 2012
EZ is trying to make it "look" like something it isn't. There is really no way Greece won't default. The job of the EZ Finance peeps is toi make it look orderly. In the meantime E/U will continue to rise.
- Magic46 commented Jan 19, 2012
Bid-to-cover over 2 this morning in Spanish auctions, so it looks as if ECB was very active and it paid off with more optimism in the markets. EUR currency bid as well.
- Magic46 commented Jan 18, 2012
Remember the IMF is in the business of saving Sovereigns as well.
- Magic46 commented Jan 18, 2012
LOL, doubt that will happen (pigs flying), but you may want to watch the 10y Spanish bond auction tomorrow morning to see how active the ECB is. If bid-to-cover ratio is under 2 then that would indicate poor demand and hence the currency would ...
- Magic46 commented Jan 18, 2012
ECB will not go down without a fight and there is plenty to fight for from their perspective. Most Eur short traders will succumb to the squeezes that will continue to happen. The EUR/USD is currently bid, and will remain so until it isn't! ...
- Posts by Member Search: 'Magic46'