EurAnalysis | Page 273 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

EurAnalysis Kindergarten 24 replies

Attachments: EurAnalysis
Exit Attachments

EurAnalysis

  • #5,441
  • Oct 26, 2011 2:19pm Oct 26, 2011 2:19pm
China Expected to Spurn Europe's Bailout Fund
I don't care which way the market is going as long as it's going my way
  • #5,442
  • Oct 26, 2011 2:21pm Oct 26, 2011 2:21pm
STATEMENT OF EU HEADS OF STATE OR GOVERNMENT

Consensus on banking package

1. Measures for restoring confidence in the banking sector (banking package) are urgently needed and are necessary in the context of strengthening prudential control of the EU banking sector. These measures should address:

a. The need to ensure the medium-term funding of banks, in order to avoid a credit crunch and to safeguard the flow of credit to the real economy, and to coordinate measures to achieve this.

b. The need to enhance the quality and quantity of capital of banks to withstand shocks and to demonstrate this enhancement in a reliable and harmonised way.

Term funding

2. Guarantees on bank liabilities would be required to provide more direct support for banks in accessing term funding (short-term funding being available at the ECB and relevant national central banks), where appropriate. This is also an essential part of the strategy to limit deleveraging actions.

3. A simple repetition of the 2008 experience with full national discretion in the setting-up of liquidity schemes may not provide a satisfactory solution under current market conditions. Therefore a truly coordinated approach at EU-level is needed regarding entry criteria, pricing and conditions. The Commission should urgently explore together with the EBA, EIB, ECB the options for achieving this objective and report to the EFC.

Capitalisation of banks

4. Capital target: There is broad agreement on requiring a significantly higher capital ratio of 9% of the highest quality capital and after accounting for market valuation of sovereign debt exposures, both as of 30 September 2011, to create a temporary buffer, which is justified by the exceptional circumstances. This quantitative capital target will have to be attained by 30 June 2012, based on plans agreed with national supervisors and coordinated by EBA. This prudent valuation would not affect the relevant financial reporting rules. National supervisory authorities, under the auspices of the EBA, must ensure that banks' plans to strengthen capital do not lead to excessive deleveraging, including maintaining the credit flow to the real economy and taking into account current exposure levels of the group including their subsidiaries in all Member States, cognisant of the need to avoid undue pressure on credit extension in host countries or on sovereign debt markets.

5. Financing of capital increase: Banks should first use private sources of capital, including through restructuring and conversion of debt to equity instruments. Banks should be subject to constraints regarding the distribution of dividends and bonus payments until the target has been attained. If necessary, national governments should provide support , and if this support is not available, recapitalisation should be funded via a loan from the EFSF in the case of Eurozone countries.

State Aid

6. Any form of public support, whether at a national or EU-level, will be subject to the conditionality of the current special state aid crisis framework, which the Commission has indicated will be applied with the necessary proportionality in view of the systemic character of the crisis.
Those who say it cannot be done should not interrupt those who are doing it
  • #5,443
  • Oct 26, 2011 2:21pm Oct 26, 2011 2:21pm
Quoting bumapatria
@Pipkiller, i make rambo look like an ant. :tongue out:
I don't care which way the market is going as long as it's going my way
  • #5,444
  • Oct 26, 2011 2:22pm Oct 26, 2011 2:22pm
Quoting PipKiller
China Expected to Spurn Europe's Bailout Fund
they're talking bout it eveyrwhere. Fti's technical fallacy thread last hours were talking bout it. im buy on gold since US session, and not bad rescue for the losing short. its risk-on till magic 4000.
Have I got something on my face, SOLDIER?
  • #5,445
  • Oct 26, 2011 2:23pm Oct 26, 2011 2:23pm
Quoting PipKiller
China Expected to Spurn Europe's Bailout Fund
Why help now when you will be able to help them later for less and get more out of it. That is the Chinese way.
  • #5,446
  • Oct 26, 2011 2:25pm Oct 26, 2011 2:25pm
Quoting PipKiller
China Expected to Spurn Europe's Bailout Fund
Read that article and then read my post.
Those who say it cannot be done should not interrupt those who are doing it
  • #5,447
  • Oct 26, 2011 2:32pm Oct 26, 2011 2:32pm
Quoting ntrprz
Why help now when you will be able to help them later for less and get more out of it. That is the Chinese way.
chinese is all business-oriented, they aint going to do something, if it aint gonna make them money.
Have I got something on my face, SOLDIER?
  • #5,448
  • Oct 26, 2011 2:35pm Oct 26, 2011 2:35pm
Quoting bumapatria
chinese is all business-oriented, they aint going to do something, if it aint gonna make them money.
BINGO!!
Those who say it cannot be done should not interrupt those who are doing it
  • #5,449
  • Oct 26, 2011 2:37pm Oct 26, 2011 2:37pm
Quoting PipTrapper
BINGO!!
its a long term bear signal.
short term bull.
Have I got something on my face, SOLDIER?
  • #5,450
  • Oct 26, 2011 2:40pm Oct 26, 2011 2:40pm
Quoting PipTrapper
Read that article and then read my post.


I remember back a week or so ago in the news when they were saying they were interested in helping but wanted something in return.
I don't care which way the market is going as long as it's going my way
  • #5,451
  • Oct 26, 2011 2:43pm Oct 26, 2011 2:43pm
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Herman goes home after good dinner and Geertrui asks:
- How did it go?
- We had a few good laughs with Silvio and Angela had a good speech.
- I didn't see you in TV?
- Oh TV? Shit, I forgot press conference...
  • #5,452
  • Oct 26, 2011 2:44pm Oct 26, 2011 2:44pm
Quoting PipKiller


I remember back a week or so ago in the news when they were saying they were interested in helping but wanted something in return.
Yes they wanted to be officially designated the "Market Economy Status" without actually meeting the requirements.
Those who say it cannot be done should not interrupt those who are doing it
  • #5,453
  • Oct 26, 2011 2:45pm Oct 26, 2011 2:45pm
Quoting AFXFin
Herman goes home after good dinner and Geertrui asks:
- How did it go?
- We had a few good laughs with Silvio and Angela had a good speech.
- I didn't see you in TV?
- Oh TV? Shit, I forgot press conference...
Those who say it cannot be done should not interrupt those who are doing it
  • #5,454
  • Oct 26, 2011 2:49pm Oct 26, 2011 2:49pm
Quoting ntrprz
What happens when he speaks? Up or down, you make the call.

I say quick up then what will look like a big move down, that will for some completely unknown reason reverse and we will retest 1.40 or 1.41 while everyone here pulls their hair out.
I dont see that as unlikely.

I will qoute PT here: They will need to pull rabbit out of hat to satisfy investors.

And although that is not going to happen, NY is over and forces behind may have enough power to spike up to .40. I am still flat. Only complete rubbish from press conference will make me go short.

T.
"I know one thing, that I know nothing." Sokrates
  • #5,455
  • Oct 26, 2011 2:49pm Oct 26, 2011 2:49pm
We're starting to get some price action.
Euro inching downwards.
Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #5,456
  • Oct 26, 2011 2:49pm Oct 26, 2011 2:49pm
Quoting PipKiller


I remember back a week or so ago in the news when they were saying they were interested in helping but wanted something in return.
Yeah, I think it was Italy. That way they can dominate two take out foods.
  • #5,457
  • Oct 26, 2011 2:50pm Oct 26, 2011 2:50pm
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting bumapatria
its a long term bear signal.
short term bull.
Hmmm... your just bullying.
Take a look at your charts.
  • #5,458
  • Oct 26, 2011 2:56pm Oct 26, 2011 2:56pm
accumulation in progress.
no signal yet for me on euro.

gold will move in 5 mins, not moving for past hour.
Have I got something on my face, SOLDIER?
  • #5,459
  • Oct 26, 2011 2:57pm Oct 26, 2011 2:57pm
Quoting PipTrapper
Yes they wanted to be officially designated the "Market Economy Status" without actually meeting the requirements.
I don't know how you keep up with all that stuff. Hard enough for me to remember how to get from my bed to my office. LOL




Italian or Chinese takeout.
I don't care which way the market is going as long as it's going my way
  • #5,460
  • Oct 26, 2011 3:01pm Oct 26, 2011 3:01pm
Quote
Hmmm... your just bullying.
Take a look at your charts.

whats that supposed to mean

my charts say wait for my cycle to trade. watch PA there, and trade it.
Attached Image (click to enlarge)
Click to Enlarge Name: nothing clear for now.gif Size: 32 KB
Have I got something on my face, SOLDIER?
76 traders viewing now