EurAnalysis

ABCD Pattern.

http://www.zerohedge.com/sites/defau...ost%20LTRO.jpg

恭喜发财！

Pretty much confusing at the moment ... surely that upper channel valid now .. before breaking down 1.30 level is crucial as always.

發財 ?!

what's the Hot products/High Demand In India now

Pardon! The question is very relative. 26.1 % population below poverty line ... they have a different need, 5 % are rich enough to spend each hour the money which can save these 26.1 % ... they have some different demand ...

65 % are the people I guess you are mentioning who are brainstorming to have a better life ... in this site all needs are listed ...

Poverty line is everywhere,Raw hair ? For export ?

The representatives of Greece's private creditors left Athens unexpectedly on Saturday without a deal on a debt swap plan that is vital to avert a disorderly default, sources close to the negotiations told Reuters.

Could have a long discussion on the poverty Line ... but better not ... because then so many things will come ... which if we try thinking will loose our hair.

People who are chasing for better life will eventually end up with loosing hair.

So in summation hair is in demand.

Lolz,here I need to know what's hot/cheap & quality products In India which suitable for export such as Shirts,Pants,Cream or whatever

Andre Lipa Lipa

That's what I think as well... Some more up side before a major push down.

Try reaching it without the worry of possibilities.

EURO will go down

Greece's Creditors Leave Athens

India is an agriculturally developed country. Important agricultural produces of the country are wheat, rice, cotton, oilseed, tea, jute, potatoes..


If you are looking for trendy goods like shirts wear materials then I don't think you would like Khadi which was the only original Indian product and had once a chance to be feel proud for it but no more.

Cheap and quality are two reverse thing but yes if one day you could come Mumbai or Kolkata I can shop with you and you'll get good deal with that.

But i'm still long, i got some emotions for the week open, or the gap. After see what's happening, i will look for a short setup. What about you ?

I am long Euro for now waiting to see if it breaks 1.3000 early next week. If it does, this is my view http://www.forexfactory.com/showthre...61#post5310861

If it doesn't break 1.3000 by late Wednesday, I'll be closing my long and see if it falls below 1.2900, when it does I'll be going short. My weekly chart shows a convergence of 3 long term downward trends hitting 1.11100 by March 29th. Right after Greece default? We'll see...

Cheers!

Go To WWW.JSMINESET.COM for the full explanation of the CDS issue.

Here is a Snippet: Thanks for posting the CNBC link.

However first this that just came out off my FXCM UK Platform news link.

http://www.dailyfx.com/forex/fundame...P_on_Deck.html


Snippet:

More…

Jim Sinclair’s Commentary
You can conclude a few very important points from this:
1. QE will go to infinity before facts overwhelm MOPE and it hits the fan.
2. The credit event about to occur in Greece will not be deemed a default because the largest 5 US banks carry 97% of the so-called insurance, credit default swaps, therefore if Greece defaults (a credit event condition determined by an organization made up of major US banks and investment houses ) those banks would be hammered into financial hell.
3. Gold’s true range in 2012 will be $1700 to $2100.
World Bank fears Europe’s crisis could set off deeper global slump than Lehman collapse
The World Bank has slashed its global growth forecast and told developing nations to prepare for the worst, warning that Europe’s debt crisis could trigger an even deeper slump than the post-Lehman collapse three years ago.
By Ambrose Evans-Pritchard
3:49PM GMT 18 Jan 2012
"The global economy has entered a dangerous phase. The financial system of the largest economic bloc in the world is threatened by a fiscal and financial crisis that has so far eluded policy-makers’ efforts to contain it," said the bank in its Global Economic Perspectives.
"The possibility of further escalation of the crisis in Europe cannot be ruled out. Should this happen, the ensuing global downturn is likely to be deeper and longer-lasting than the recession of 2008/2009 because countries do not have the fiscal and monetary space to stimulate the global economy. Activity is unlikely to bounce back as quickly."
"An escalation of the crisis would spare no one," said Andrew Burns, the key author. "Developing countries should hope for the best and plan for the worst. If these downside risks materialised there is not much developing countries can do to prevent it. But they can prepare for it."
The report said rich countries had used up their fiscal and monetary shock absorbers after the Lehman crisis. While some poorer states still have the means to cushion the blow, many have already pushed fiscal deficits and credit growth to the limits of safety.
"Developing countries would have much less fiscal space than in 2008 with which to react to a global slowdown. As a result, if financial conditions deteriorate, many of these countries could be forced to cut spending pro-cyclically, thereby exacerbating the cycle."
More…

http://www.actionforex.com/action-in...0120121157904/

Snippet:

Weekly Review and Outlook

Euro Rebounded Strongly but Sustainability Doubtful, Risk Appetite to Extend

Euro overcame the impact of S&P's massive downgrade of nine Eurozone states and strengthened broadly last week. Investors expressed their confidence in Eurozone sovereign bonds with solid demand seen in debt auctions while yield also dropped significantly. ECB's three year LTRO operation seemed to be working well in reducing stress in the the region's money markets as three-month dollar Libor dropped for consecutive nine days.

In the FX markets, European majors outperform commodity currencies as Canada, Australia and New Zealand released some weak data over the week, and also on short covering in respective crosses. In stocks, US is clearly outperforming other regions with DOW extending recent strong rally and closed above 12700 level. Nonetheless, at the time of writing, the negotiation between Greece and private sector on the debt swap deal is not concluded yet and is posting some uncertainty for the week ahead.

Also, technically, EUR/USD and EUR/JPY faced strong resistance from 1.3 and 100 psychological level respectively. EUR/GBP and EUR/AUD showed sign of renewed weakness just before the week closed. It's a bit doubtful whether the common currency could extend last week's rebound.

Greece:

Greece's negotiation with private creditor on the debt swap deal looks positive even though there is no conclusion yet. IIF said that the "elements" of the voluntary PSI are "coming into place". Greek spokesman said that the "atmosphere of the talks is good". The swap deal targets to lower Greece's debt burden of EUR 350 by EUR 100b as part of the second bailout. Overall target is for Greece to reduce debt to 120% of GDP in 2020. With the deal, private creditors would have the face value of their Greek bonds cut by as much as 50% through swapping existing bonds with ones with longer maturity and lower interest rates. It's reported that the main point of disagreement is on the interest rates of the new bonds and the groups are considering a proposal to set rates of below 4%, which would then increase gradually until 2020. Eurozone ministers might examine the final proposal on Monday and decide whether they'd accept it.

http://www.actionforex.com/trading-s...0120102156503/

Snippet:

On the downside, whilst pullback to 79.25 cannot be ruled out, support at 77.97 should limit downside and attract renewed buying interest, bring such a rise to aforesaid upside targets. Only a monthly close below 76.50 would suggest the rebound from 72.70 has possibly ended instead and risk test of previous support at 74.73 but only a drop below this level would confirm and bring another fall to 72.70, a sustained breach of this level would revive bearishness for resumption of downtrend in wave V of (C) for retest of 70.70 in late 2012, break there would extend major (C) leg to 70.00 and later towards 68.00 and possibly towards 66.00. Having said that, downside should be limited to 64.46 (50% projection of 121.02-70.70 measuring from 89.62), bring major correction later.

If resistance at 88.70 is penetrated, this would put our alternate count as our preferred count which treated the entire (C) leg has ended at 70.70 and test of key resistance at 89.62 (A leg top) would follow but only a monthly close above there would suggest the rise from 70.70 to 89.62 as the wave 1, followed by a-b-c wave 2 at 72.70 and wave 3 shall keep price firm for test of resistance at 92.63, break would encourage for headway to 94.00 and then 95.00.