The Really Useless Thread

Weird rumor.... Why now? why 1.25? ...I can only see bad things coming. The obvious Greek default or the FED disappointing bursting the rally on stock markets...

Well I can't blame on a knee jerk reaction after what happened with UBS...

sisse

hummm.... lots of orders sitting at the top of that spike, see if the retest gets hammered back or if there's steam left in the bull.

fwiw

Lets C what 3774 does

What happened? did you cancel your 1.375x order after the spike?

sisse

long 37

S/O....-8

And the IMF balances things just nicely. Loving this news day, great entries with one eye on the wires.

risk off on imf cutting global outlook?

right most out for +45
if the wedge breaks, TP for rest of it would be 3626
SL at BE now,
right i am out again for a few hours
bbl
goodluck
HK

thoughts atm, 77 holds the key, crown and chance to sell higher, or heads up below......... price is playing steep falling 1 minute channel atm.

fwiw

For those who are interested... eyes on Bund Fut 137.44... for a long position

... and consequently short on Dax Fut

im waiting for a 5m L signal.

the dam thing made me reenter. not as nice though

3665 might have been a good entry for a long

Very tempting....where are u aiming? daily? or h1?

sisse

dont know if it will be ready yet..in the 3649/53 area.. close

still using cci?

I'm short @5545 1. tp 5504 ..

but for what concern bund ... it's a daily view
funds have reacted on the level 137.44

FXstreet.com (Barcelona) - Fitch rating agency has published a report today containing a description of the present situation in the Eurozone and a possible scenario should Greece default. In the opinion of the agency the latter is possible, but it will not lead to the country's leaving the Eurozone, as it would have catastrophic consequences in financial, economic and political terms.

The agency deems the creation of the “United States of Europe” a necessity, as the Eurozone countries will regain confidence in their solvency only through “strengthening of the framework for coordinated economic policies and fiscal discipline .” It also states that: “Resolution of the current crisis will require continued and substantial financial support from creditor to debtor member states through the EFSF and/or from the issue of common eurobonds as well as from the ECB to prevent self-fulfilling runs on sovereigns and banks.”

Fitch stresses the importance of Greece remaining part of the Eurozone: “Some continuing apparent ambivalence about whether Greece should remain in the Eurozone raises doubts over the political commitment to the zone as a whole. Fitch expects Greece to default but not to leave the Eurozone. Were Greece to leave, it would set a precedent that could fatally destabilize the whole Eurozone.”

Despite the fact that Fitch expects the euro area to survive, it sees further downgrades of member countries and a prolonged crisis, lasting up to several more years.

Don't know if 3662 will hold. Looks bearish