EURUSD

Good morning traders
some bulls want to catch up.. 1.4057-1.4047 reaction still

nicely put together, made me smile.

but if will fall under 71 ... it may bounce one last time after at 59.6 + a few. by that time mofu pull will be gone,

I think there were 19 Saudis on board the planes that orchestrated the crashes.

But somehow, Saudi=Iraqi

But they're all the same and all look alike right?

Also, if you have a jet engine where the fuel doesn't entirely burn up, where the temperature at the back when fully functioning is of about 1610ºF, it can apparently suddenly rise by some 1200ºF and stay that way long enough to melt iron and burn up the iron structure of a building to the point of collapse.

Did I mention that you can do this without major damage to the surrounding building?

Breaking news Swedish Officials says a Number of Eu Banks failing stress test

If that's breaking news, maybe the Swedes will learn in about 18 months that there's been a massive earthquake in Japan.

Oh, and Liz Taylor died. They better mark that on their calendar for September 2012.

http://www.nasdaq.com/aspx/stock-mar...edish-official

Swedish FSA Official Lars Frisell tells Dow Jones "there will be a number of banks failing the stress test." The EUR/USD is at 1.4078 after falling to 1.4072 from 1.4082 before the comments. Westpac's Robert Rennie says the comments are a reminder of the dangers faced ahead in Europe with the upcoming stress tests. He adds the EUR/USD could move lower, noting that focus is now on the risk of a Moody's downgrade on banks in Spain and Portugal as well as the ongoing EU leaders summit.

1.4016 1.4 h4

Excellent. That should be good for another twenty or so pips to the upside.

The only way to play this now is Alice in Wonderland indicators. We've seen this repeatedly in equity and interest rate markets, you know. NASDAQ 2000, Dow 2007 or 8 (don't remember). There, it had to go on pure stupidity, greed, and bubble psychology. Here, we have all that, and Central Banks to boot. Makes it child's play to get a 42 handle again.

Ozeer breekeeng noos tudey in Svedee, Zee Sun Frunceescu Geeunts vun zee vurld sereees.

Bork Bork Bork!

http://images.wikia.com/muppet/image...edish-chef.jpg

that's unusual. 2 models point to 3500 already..

and yet another 3475

The Gator Indicator..... I want one

I see your point Jaywalker, Im no expert in this field but there is something wrong... I haven't bothered thinking twice about it as they took the blame for it anyway...

But I have to say I am getting second thoughts since the contrary seems to go on... and on and on...

havent thought about the surrounding buildings though, has anything like this happen before... not planes, but buildings being teared down without major surrounding damage..


Lars,

Breaking news Moodys set to downgrade Spanish Banks...

Now, I have been being flippant.

You, I take it, are serious. I for one, hope you are being so, and hope you're right. At least something would then make sense.

we can still dt

Portugal’s PM Resigns After Parliament Rejects Austerity Plan



LISBON (MNI) – Portugal’s prime minister, Jose Socrates, announced
late Wednesday his resignation following the rejection of his
government’s package of new austerity measures by opposition parties in
parliament.
The move will likely usher in a period of political instability at
a time when Lisbon is under increasing pressure from financial markets
to adopt the type of fiscal consolidation steps the government had
proposed.
“I was totally available for dialogue and negotiations with all
parties up until the last minute,” Socrates said in a televised speech
to the nation after consulting with President Anibal Cavaco Silva.
“Those who caused this crisis are the ones who from now on will be
responsible for the consequences,”
Portugal’s securities have came under intense pressure in recent
days. Yields on its benchmark 10-year bond hit a new record high
Wednesday above 8% — well beyond the 7% limit that the government
itself said was unsustainable.
Facing soaring borrowing costs, Portugal is now even more likely to
turn to the European Union and the International Monetary Fund for
financial support — an option Socrates had long sought to avoid.
However, as such aid is conditional, the new government will no
doubt be obliged to adopt measures similar to those rejected by
Parliament, European Central Bank Executive Board member Lorenzo Bini
Smaghi predicted in a newspaper interview published today.
“I have always warned about the consequences of asking for outside
help,” Socrates reminded. “Whoever thinks that they won a victory in the
political game today is not looking at what is essential. Today the
country has lost. It has not won.”
“Obstruction was taken to an intolerable limit,” he declared.
“Irresponsibility has triumphed over a sense of State.”
The proposals rejected this evening aimed to lower the public
deficit by an additional 0.8% of GDP this year. They included cuts in
health spending and welfare benefits and a 10% reduction in state
pensions above E1,500 per month,
The government hoped to cut the deficit to 4.6% of GDP from the
official estimate of 6.9% last year. However, it emerged Wednesday that
the official 2010 deficit data are being questioned by EU authorities.
Once new data are factored in — including the costs of national
transport companies and the nationalized Banco Portugues de Negocios –
the 2010 deficit was likely above 8%.
The head of the main opposition party PSD, Pedro Passos Coelho,
charged afterwards that the government had been unable to create the
conditions for confidence.
“The vote that happened today will allow Portugal to present the
markets and European partners medium- and long-term strategies to attack
the problems,” Coelho said, pledging to “distribute sacrifices more
fairly.”
Socrates will now have to go empty-handed to the summit of EU
leaders Thursday in Brussels, a meeting markets had hoped would provide
reassurance that governments were working effectively to end the
Eurozone debt crisis.
Instead, the collapse of the Portuguese government will only
heighten the tension in sovereign debt markets and the risk of fallout
for countries like Spain, Italy or Belgium.
Observers do not expected new elections to be held in Portugal
before May or June. Socrates said he would run again.

Oh, yes. I'm sure you can find 'Tube videos of buildings being demolished thus. They use highly engineered charges at critical points on the superstructure, and it simply implodes into a pile of rubble. It really is something to watch.