EURUSD

A look at measuring performance.

First of all I think jobs report is inflated, CENSUS jobs and there is no work adjusted to living expenses for most people.

second of all all those countries are identicle to US states with their problems. I live in New Jersey so I know what I am talking about.

EURUSD Heading up 100%

WSJ(3/8) GIC's UBS Loss: $5 Billion

DOW JONES NEWSWIRES

(From THE WALL STREET JOURNAL)
By P.R. Venkat
SINGAPORE -- The Government of Singapore Investment Corp. has incurred a paper loss of $5 billion on its investment in UBS AG after its convertible notes become shares on Friday, a person familiar with the situation said.
That represents about 45% of its original $11 billion investment in the Swiss bank.
In 2007, GIC acquired a 9% stake in UBS through convertible notes on a fixed coupon of 9% per annum with a two-year maturity period.
In a Securities and Exchange Commission filing in February, GIC said that it would convert the notes into 230.7 million ordinary shares of UBS on March 5, thereby bringing GIC's stake in UBS to 6.6%.
A GIC spokeswoman confirmed that the UBS notes were converted into shares.
Although there is currently a paper loss on GIC's investment in UBS, the sovereign-wealth fund has previously said that it sees its position as a long-term investment and that it has confidence in the prospects of the Swiss bank.
GIC manages Singapore's foreign-exchange reserves. It is the world's fourth-largest sovereign fund in terms of money managed, according to Deutsche Bank.
GIC was among a number of global sovereign-wealth funds that invested in Western banks or subscribed to their fund-raising plans during the global financial crisis.
In September last year, GIC cut its stake in Citigroup to below 5% after it exchanged its convertible preferred stock in the bank to common stock and made a profit of $1.6 billion over the conversion price as part of the transaction. In December, the sovereign-wealth fund saw its stake diluted further in the U.S. bank to about 4% after the latest round of capital raising by Citigroup.
At that time, GIC said that it would continue its investment in Citigroup and that it was confident of the long-term prospects of the bank.

god damn...that's SOLID.

can't wait for your new material

there is a divergance at E/G at 1 Min and 5 Min and 15 Min time frames

any one see what i see

and short E/G is a good way for now or close it ????

haha, awesome avatar

nice. very true about drawdown being the #1 thing.

trying a SAR... short at 3685

thanks

WSJ(3/8) Germany Backs A Fund For Euro Zone

DOW JONES NEWSWIRES

(From THE WALL STREET JOURNAL)
By Marcus Walker and Bob Davis
Germany expressed support for creating a "European Monetary Fund" that could bail out indebted nations in the euro zone, showing how Greece's debt crisis is forcing Europe to rethink the institutional design of its common-currency area.
German Finance Minister Wolfgang Schauble said he would "present proposals soon" for a new euro-zone institution that has "comparable powers of intervention" to the International Monetary Fund.
In an interview with German newspaper Welt am Sonntag, Mr. Schauble said the euro zone should draw lessons from the Greek turmoil, which has exposed the region's lack of tools for dealing with a member country at risk of defaulting.
Any European Monetary Fund would take too long to create to be of use for Greece's current problems, European officials say. But the idea is part of a wider debate in Europe about the need for euro-zone governments to more closely align their economic and fiscal policies. They now share a common monetary policy but have no parallel political union.
The European Union's treaties prevent existing European Union institutions from bailing out a struggling country, and national governments such as Germany's, fearing voter ire, don't want to risk their taxpayers' money directly on nations such as Greece.
At the same time, most euro-zone governments are opposed to letting a euro member turn to the IMF, which has both the financial firepower and experience in negotiating economic-adjustment programs with countries with heavily strained finances.
"Accepting financial aid through the International Monetary Fund would in my opinion be an admission that the euro countries can't solve their problems through their own efforts," Mr. Schauble said.
Divisions over the issue have emerged even within the German government, as Chancellor Angela Merkel is more open than her finance minister to letting the IMF play a greater role in Greece, according to people familiar with her thinking.
The IMF is likely to be wary of any new regional financing mechanism in Europe, even though Mr. Schauble said any new mechanism shouldn't compete with the IMF. The Washington-based fund sees itself as the world's main economic-response unit and worries that regional funds could detract from its mission.
"We do not have a view because we do not have information as to what's been proposed," an IMF spokesman said.
The euro zone is the second region to view itself as off limits to the IMF, following developing Asia. After the tough conditions the IMF insisted on to bail out Asian nations during the financial crisis there in 1997 and 1998, a number of countries-- especially Japan-- proposed an Asian monetary fund.
The IMF and the U.S. government quashed that proposal, which they saw as a go-it-alone strategy by the world's fastest-growing countries.
In practice, Asian nations reduced the IMF's influence by bulking up their reserves, and through a loose pooling of reserves called the Chiang Mai Initiative.
Greek Prime Minister George Papandreou, who announced stiff austerity measures last week, won verbal support from French President Nicolas Sarkozy on a visit to Paris Sunday. Mr. Sarkozy said a number of EU countries were preparing a support package for Greece, though he doesn't believe the Greek government will need it.
"There are concrete, precise tools that we are studying, about which we are not disclosing any more details tonight, but which will allow us to show, when the time comes, that not only does Greece have political support, it will be supported in all possible aspects," Mr. Sarkozy said. French Finance Minister Christine Lagarde is working on the plan with her EU peers, the president of the European Central Bank and the head of the European Commission, he said.
But Greece has been unable to secure concrete promises of financial assistance from euro-zone governments if it can't borrow enough funds on bond markets. Greece faces debt repayments of around 22 billion euros ($30 billion) in April and May.
Ms. Merkel has led resistance to bilateral aid from other European governments, fearing a voter backlash ahead of key regional elections in Germany in May. Last week, Ms. Merkel extended warm words to Mr. Papandreou on a visit to Berlin, but no offer of financing guarantees, for which Greek officials had been hoping.
Mr. Papandreou is to visit President Barack Obama Monday in Washington, a trip Greek officials say signals that Greece has friends beyond Europe. Mr. Papandreou has said European governments' reluctance to help could force his country to turn to the IMF.

Heh, the French president seems p****d with "speculators" who are short EUR/USD :

French President Nicolas Sarkozy said the euro region is ready to rescue Greece should the government struggle to fund its budget deficit, arguing that the country is "under attack" from so-called speculators.

Now back to the old question of whether governments / central banks are "bigger than the market"

but you can't swear like that.

use GD or something less abrasive.

it's coming.

Mike

Speculators = Politicians favorite scapegoat.

Wife cheats... must be those speculators.
Slips down .... those dirty speculators.


We will see much usage of the word as the year progresses... Im surprised they haven't blamed any natural disasters on the speculators.

i like your quote; and I second the sell now .....perfect entry 60 pip stop loss and 1.3465 target

Don't trade my recommendation

I'd let the price get closer to the 4hr bolliger band top before I'd short at least IMHO

Hello everyone. Does anyone here use forex.com uk metatrader? If you do, is your platform down also? Been very frustrated the last hour with these people. Thinking about switching brokers. Does anyone here have any experience or feedback about them? I would appreciate any feedback and advice.

Dave

...with tight stoploss. I'm seeing some really nasty bearish divergence on the M5. Let's see how this plays out....

Tomorrow morning's breakout at 8:30AM (NYSE opening) should give a strong indication of the sentiment. I'm looking at a 75% chance of a bearish opening. I'm still not certain whether or not I'm going to jump in now or wait until the trend is set. Big profits are to be had on a monday morning gold rush, but profit can be loss if your trade doesn't manifest itself in the right direction...

Update: I've gone short on Gold at 1134.20.


This is not a recommendation to follow in my footsteps, by the way. So don't blame me.