EurAnalysis

get ready to feel!

Greek Exit From Euro Zone Just a 'Matter of Time'

Would love to short but this thing don't look like it ready to go lower just yet.

Euro deterioration just a 'Matter of Time'

Risk On

European markets rallying
US markets rallying
Futures rallying


Supply level on 60 minute near 38.2 fib of this last run down holding for now but second bounce off it much shallower. IMHO this level will not hold today. With risk on environment, be very careful with any shorts in this pair. I think scalping and intraday longs only today and if you want a short wait for higher levels for attemps at swing or position trades around the 1.3950, 1.4000 or 1.4130

Still plenty of medium and high impact "risk off" news that can hit today, thursday and friday so pay close attention to the news and the economic calender.

I'm still holding a large $cad short position @ 1.0170 w/ SL @ 1.0168(BE+2) so I'm waiting this pair out for now.

What a surprise. I would say, crumbling of Eurozone just a matter of time if they dont start fiscal union right now.

I actually tried a short close to 3820s... pivot levels seemed like resistance..
we'll see.. I'd be more comfortable w it, if there was no fomc news..

add: SL @ BE now..

Sounds good to me. Thanks!

PT - I know ppl used to boil cherry stems and drink it for that. they said it was helping...
hope you get well soon bro

Weak Bull

EZ are suckers,Greek would exit, then when weather is nice, they;d go in again... it's like their spoiled sister..

-

IIF says lower ECB policy rates would help stability and growth

I think Bubbles will deliver the goods.
He does not have to announce QE3 as it is already being implemented via the swaps with the ECB.
The private funds exodus from Europe is being replaced with newly minted balance sheet entries from the Federal Reserve showing assets coming from the ECB as collateral. The replacement money boosts USD supplies in Europe and overall creates more USD's globaly.

This is an inter central bank fractal method for increasing money supply via debt creation. Fed USD loans to, ECB loans to, Europe's banks which, replaces private deposit base = no run on Europe's Banks

USD should end up weaker with a risk rally in equities.
Then tommorrow Draghi will deliver some form of weaker Euro.
So am looking for some kind of topping PA in the next couple of days to sell. Maybe the Friday close again, have no idea what the market will come across with.

My job is to identify it when it happens and get on board for the ride.

Europe increasingly likely to force PSI deal on Greek bondholders

This is how money is created.
MONEY=DEBT

One of the ways...the main way...
but is debt bad?

FOMC statement:

For immediate release

Information received since the Federal Open Market Committee met in September indicates that economic growth strengthened somewhat in the third quarter, reflecting in part a reversal of the temporary factors that had weighed on growth earlier in the year. Nonetheless, recent indicators point to continuing weakness in overall labor market conditions, and the unemployment rate remains elevated. Household spending has increased at a somewhat faster pace in recent months. Business investment in equipment and software has continued to expand, but investment in nonresidential structures is still weak, and the housing sector remains depressed. Inflation appears to have moderated since earlier in the year as prices of energy and some commodities have declined from their peaks. Longer-term inflation expectations have remained stable.
Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee continues to expect a moderate pace of economic growth over coming quarters and consequently anticipates that the unemployment rate will decline only gradually toward levels that the Committee judges to be consistent with its dual mandate. Moreover, there are significant downside risks to the economic outlook, including strains in global financial markets. The Committee also anticipates that inflation will settle, over coming quarters, at levels at or below those consistent with the Committee's dual mandate as the effects of past energy and other commodity price increases dissipate further. However, the Committee will continue to pay close attention to the evolution of inflation and inflation expectations.
To support a stronger economic recovery and to help ensure that inflation, over time, is at levels consistent with the dual mandate, the Committee decided today to continue its program to extend the average maturity of its holdings of securities as announced in September. (Operation twist) The Committee is maintaining its existing policies of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of rolling over maturing Treasury securities at auction. The Committee will regularly review the size and composition of its securities holdings and is prepared to adjust those holdings as appropriate.
The Committee also decided to keep the target range for the federal funds rate at 0 to 1/4 percent and currently anticipates that economic conditions--including low rates of resource utilization and a subdued outlook for inflation over the medium run--are likely to warrant exceptionally low levels for the federal funds rate at least through mid-2013.
The Committee will continue to assess the economic outlook in light of incoming information and is prepared to employ its tools to promote a stronger economic recovery in a context of price stability.
Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; William C. Dudley, Vice Chairman; Elizabeth A. Duke; Richard W. Fisher; Narayana Kocherlakota; Charles I. Plosser; Sarah Bloom Raskin; Daniel K. Tarullo; and Janet L. Yellen. Voting against the action was Charles L. Evans, who supported additional policy accommodation at this time.
2011 Monetary Policy Releases

nothing new by the FED.

Seems their statement will be healthy for your short.

EDIT: just when I wrote it price returned back. Perhaps everybody is awaiting press conference?