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EurAnalysis Kindergarten 24 replies

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  • #42,481
  • Jul 12, 2012 4:17am Jul 12, 2012 4:17am
Quoting PipTrapper
http://www.raiffeisen.ch/web/home_de
http://www.ubs.com/ch/en/online_services/ebanking.html
Gr8 information PT

How does these banks works? I can see online registration option. But is not I have to deposite some money to open an accout such as Savings A/C with them? Is not any physical verification involved?
  • #42,482
  • Jul 12, 2012 4:19am Jul 12, 2012 4:19am
Quoting Cgb
84.50 has been a pivital point for a long time on crude. Bounced just a few points below it. Keep an eye on that number.
  • #42,483
  • Jul 12, 2012 4:22am Jul 12, 2012 4:22am
Quoting rekon67
Gr8 information PT

How does these banks works? I can see online registration option. But is not I have to deposite some money to open an accout such as Savings A/C with them? Is not any physical verification involved?
Yep They will need your passport notarized and some docs signed and everything mailed back to them from your registered address. If your docs are in another language, you will have to get them translated to English or German. Very detail these banks. Better protection for you in the long run.
  • #42,484
  • Jul 12, 2012 4:24am Jul 12, 2012 4:24am
Quoting Cgb
Anything expected when Draghi spreaks in an hour?
http://punditkitchen.files.wordpress...man-vader1.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #42,485
  • Jul 12, 2012 4:25am Jul 12, 2012 4:25am
Quoting FXSwissTrader
Yep They will need your passport notarized and some docs signed and everything mailed back to them from your registered address. If your docs are in another language, you will have to get them translated to English or German. Very detail these banks. Better protection for you in the long run.
Oh sounds absolutely great! Thank you.
  • #42,486
  • Jul 12, 2012 4:26am Jul 12, 2012 4:26am
Quoting rekon67
Gr8 information PT

How does these banks works? I can see online registration option. But is not I have to deposite some money to open an accout such as Savings A/C with them? Is not any physical verification involved?
No physical verification that I know of. I just scanned and emailed a copy of passport and ID. They do some other verification behind the scenes.
Those who say it cannot be done should not interrupt those who are doing it
  • #42,487
  • Jul 12, 2012 4:27am Jul 12, 2012 4:27am
Quoting PipTrapper
http://punditkitchen.files.wordpress...man-vader1.jpg
You must have had a job at Google to be able to find just the right pictures all the time
I observe your reality but live my own.
  • #42,488
  • Jul 12, 2012 4:28am Jul 12, 2012 4:28am
Quoting PipTrapper
HSBC... but hurry before they go bankrupt
Hmm...I don't get it.
does this mean not recommended and it's going to go bankrupt in the near future ? or..it's a joke that I missed ?

The broker I'm using now (FXp**) is using HSBC...Barclays and another bank...should I change another broker as I see in the news, Barclays is facing some problem now.
  • #42,489
  • Jul 12, 2012 4:29am Jul 12, 2012 4:29am
Gotta step out and drive the wife again. I need an office with 2 hot personal assistants.
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  • #42,490
  • Jul 12, 2012 4:29am Jul 12, 2012 4:29am
Is n't there an Indian flag is hanging? '=/
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  • #42,491
  • Jul 12, 2012 4:33am Jul 12, 2012 4:33am
Quoting pipsme
Hmm...I don't get it.
does this mean not recommended and it's going to go bankrupt in the near future ? or..it's a joke that I missed ?

The broker I'm using now (FXp**) is using HSBC...Barclays and another bank...should I change another broker as I see in the news, Barclays is facing some problem now.
Don't worry about Barclays and HSBC unless you're a shareholder, in which case sell and then look to buy when they hit bottom.

My comment was just a joke.
Barclays is under investigation for Libor rate rigging and HSBC is facing heavy fines for not properly following anti-money laundering regulations.
Those who say it cannot be done should not interrupt those who are doing it
  • #42,492
  • Jul 12, 2012 4:34am Jul 12, 2012 4:34am

Still Rigged, Part 1

http://hosting.fyleio.com/17735/public/NoCheating.jpg





You have often heard me say that the market is rigged, which it most certainly is via the Federal Reserve’s overall interest rate “engineering,” as well as outright manipulations through quantitative easing (QE), backdoor bailouts, POMO, massive swap lines to European banks, etc. As you know, the banking mafia also rigged LIBOR interest rates for years that possibly cost cities, municipality, and state governments billions of dollars.

If you have traded for any length of time you know deep in your gut that the “powers that be” (read: bankers and hedge funds) get inside information all of the time. Sure it’s illegal; but why would that matter?

Have you ever wondered “why in the world is the market screaming higher before an economic report or a full day earlier?” only to find out later that that day’s news was far – far better than expected? Sort of, like, someone at a major bank knew someone in the government that was getting the reports early? In fact, it does happen and they were busted when the governor’s office of North Carolina was caught red-handed releasing the early “look-see” of the monthly employment it received from 2003 to 2004 to its friends.

Hmm, what else is out there? What’s this? The Bureau of Labor & Statistics (BLS) admitted Tuesday that early releases of all manner of reports happen all the time!

From the USAToday we read the following:

The room where news organizations, including The Associated Press, receive early copies of the employment report is supposed to be secure. Before the data were released, reporters gave up their cell phones and temporarily lost Internet access. But the system still suffered from security flaws, according to the report conducted by Sandia National Laboratories on behalf of the Labor Department.

The article goes on to explain what “still suffered from security flaws” means by saying “ways that technology could be used to bypass security and prematurely leak the data... including hidden transmitters in computer equipment and compromised phone or data lines.”

But, but, but, I just thought those hedge fund and banking traders were smarter than everyone else; had better computers than everyone else; had better programmers than everyone else? As it turns out, they are just better financial thieves and pickpockets than everyone else.

More tomorrow… From Larry Levin
  • #42,493
  • Edited 4:56am Jul 12, 2012 4:38am | Edited 4:56am
Quoting rekon67
Is n't there an Indian flag is hanging? '=/
You're right.. It's not German. The German flag is Black/Red/Yellow from top to bottom... However, it's not an Indian flag either unless the colours are a bit off and it's hanging upside down.

ADD: Got it. It's Ethiopia. Also used as the Jamaican Rastafarian flag. Pass da reefer man

http://www.crwflags.com/fotw/images/e/et-plain.gif
Those who say it cannot be done should not interrupt those who are doing it
  • #42,494
  • Jul 12, 2012 4:41am Jul 12, 2012 4:41am
Quoting PipTrapper
Don't worry about Barclays and HSBC unless you're a shareholder, in which case sell and then look to buy when they hit bottom.

My comment was just a joke.
Barclays is under investigation for Libor rate rigging and HSBC is facing heavy fines for not properly following anti-money laundering regulations.
Aaa yes I forgot the anti-money laundering problem.
  • #42,495
  • Jul 12, 2012 4:42am Jul 12, 2012 4:42am
Dow Futures Down 87 and Warren is now LIVE on CNBC saying US Markets will be fine. No problem. Things are slipping in Europe quickly says Buffet.

Banks have lots of money. Right Warren they STOLE it from the people the 99% and MF Global AKA Corzine has lots of money in Switzerland.

Whenever Warren comes on he is there in his self interest to boost the market and his holdings. Yield on 2 Year US Bonds is .26% and the 10 Year US Bonds are now 1.49%

All money is going into US Dollars and then US Bonds as RISK is OFF !!!

It goes to USD/JPY as well as a safe haven. The Dow could go down over 200 today and EUR/USD might test 1.2150.

Watch where the money goes and Happy Trading.

Look Here

http://finviz.com/forex.ashx

http://finviz.com/fx_image.ashx?rela...76758022416250
  • #42,496
  • Jul 12, 2012 4:47am Jul 12, 2012 4:47am
Quoting CurrencyMan
Dow Futures Down 87 ...

All money is going into US Dollars and then US Bonds as RISK is OFF !!!

The Dow could go down over 200 today and EUR/USD might test 1.2150.
If the DOW tanks 200 points, I think we're going to see more than a 20 point drop in E/U. Currently at 1.2170
I observe your reality but live my own.
  • #42,497
  • Jul 12, 2012 4:48am Jul 12, 2012 4:48am
Quoting Cgb
If the DOW tanks 200 points, I think we're going to see more than a 20 point drop in E/U. Currently at 1.2170
1.2090/2100 Wait for it

Quoting PipTrapper
My forecasts for this week based on the underlying fundies and historical support/resistance are as follows:

EUR/USD: 1.2100/1.2090
USD/CAD: 1.0270/1.0280
AUD/USD: 1.0070/1.0100
WTI Crude 82.00/82.50
Gold: 1550/1560

These forecasts could change in an instant depending on how the fundie picture shapes up. Next scheduled risk event is the FOMC minutes. Next surprise risk event can be any minute

Take them or leave them. That's my view
Those who say it cannot be done should not interrupt those who are doing it
  • #42,498
  • Jul 12, 2012 4:52am Jul 12, 2012 4:52am
We are nearing another psychological barrier on the USDX ... $84.000

Not sure if we'll pass that today but there's a 30 year bond auction today at 13:00 EST and wondering if we'll get the same results as the 10 year yesterday. It was a non-event as far as price action went, but I think it will point to further risk off.
I observe your reality but live my own.
  • #42,499
  • Jul 12, 2012 4:55am Jul 12, 2012 4:55am
Quoting PipTrapper
1.2090/2100 Wait for it
I am so tempted to take profit when it reaches Daily S2 at 1.2165 and Daily S3 (at 1.2120) seems pretty far.

Decisions, decisions...
I observe your reality but live my own.
  • #42,500
  • Jul 12, 2012 4:55am Jul 12, 2012 4:55am
Top Economic & Other News
NY Fed warned of Libor problems four years ago. The New York Fed will tomorrow release documents showing it took "prompt action" in 2008 to highlight problems with Libor and press for reform, according to an official. Should be interesting, as the Libor scandal is slowly reeling in commercial banks and central banks alike.

BOJ expands asset program but it's not more easing The Bank of Japan has left its key rate unchanged, expanded its asset purchase program to ¥45T ($564B) from ¥40T, and cut its loan facility to ¥25T from ¥30T. "This is simply a technical move that shouldn't be considered to be monetary easing," says JPMorgan economist Masaaki Kanno.

Regulators scramble to file charges on crisis allegations. Regulators are running out of time to file civil charges for some of the alleged wrongdoing during the financial crisis, as the federal laws under which the SEC usually goes after fraud and other misdeeds have a five-year statute of limitations. Expect to see a flurry of charges, including, says the WSJ, against Mizuho Financial and other parties involved in a $1.6B mortgage-bond deal.

Today's economic calendar:
8:30 Initial Jobless Claims
8:30 Import/Export Prices
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
1:00 PM Results of $13B, 30-Year Note Auction
2:00 PM Treasury Budget
3:40 PM Fed's Williams: Economic Outlook
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
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