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The Really Useless Thread

  • #76,901
  • Apr 17, 2012 3:24am Apr 17, 2012 3:24am
38.2 retraced of london opening move thus far...

need to recode my mofus on my NEW mt4 server feed..
  • #76,902
  • Apr 17, 2012 3:27am Apr 17, 2012 3:27am
Quoting roro53

... i think the ECB has to step up CONVINCINGLY and be a LARGE buyer in the sovereign bond market or its lights out. private money took LTRO as a way out and with the reetroactive CACs as a precendent ......
Good posts...

Well sure that's very clear from a technical point of view but the problem is in the political side and that's far from solve.

IMO, Spain is a completely different case than Greece (or Portugal) and therefore the valuation in the bond markets are very different. We are not looking at outright default (as in Greece) but in private bank solvency issues.

That's why Spanish bonds has hold +/- in the same levels (with the peak and valleys on panic in europe) since crisis started. Few economist will argue against the technical current repayment capacity of Spanish govermnet (even with a deep contraction in the economy) but even fewer will disagree that the banks are in a big mess that can trigger a massive turmoil that will spread beyond private sector and affect public finance.

The ECB is in a big dilema without fully political and legal support from its members. It needs to step in but it can't openly a freely do it while tha markets keep pricing in this contradictory forces in the bond markets...

We'll see what side wins....

Sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #76,903
  • Apr 17, 2012 3:28am Apr 17, 2012 3:28am
took those top two aussie trades off in profit ... just to have room for some noise just in case...

stop at +1 below
  • #76,904
  • Apr 17, 2012 3:28am Apr 17, 2012 3:28am
Quoting kenfen69
Hard to go wrong with either, mate!
took first one.. now I am at second one..
  • #76,905
  • Apr 17, 2012 3:29am Apr 17, 2012 3:29am
Quoting sisse
Good posts...

Well sure that's very clear from a technical point of view but the problem is in the political side and that's far from solve.

IMO, Spain is a completely different case than Greece (or Portugal) and therefore the valuation in the bond markets are very different. We are not looking at outright default (as in Greece) but in private bank solvency issues.

That's why Spanish bonds has hold +/- in the same levels (with the peak and valleys on panic in europe) since crisis started. Few economist will argue against the technical current...
cool

the pink for sure
  • #76,906
  • Apr 17, 2012 3:34am Apr 17, 2012 3:34am
French President Sarkozy says lower Euro is good news.

probably not what the SNB wants to hear.........or the Bundesbank for that matter.(inflation)
  • #76,907
  • Apr 17, 2012 3:34am Apr 17, 2012 3:34am
Quoting Piters
took first one.. now I am at second one..
You whore!
  • #76,908
  • Apr 17, 2012 3:35am Apr 17, 2012 3:35am
Quoting roro53
French President Sarkozy says lower Euro is good news.

probably not what the SNB wants to hear.........
  • #76,909
  • Apr 17, 2012 3:37am Apr 17, 2012 3:37am
Quoting sisse
Good posts...
I concur!

Good stuff, gents!
  • #76,910
  • Apr 17, 2012 3:38am Apr 17, 2012 3:38am
Quoting kenfen69
.
Attached Image
  • #76,911
  • Apr 17, 2012 3:39am Apr 17, 2012 3:39am
Out +1 from my EU position and long cable @5925
Quant Hedge Fund CEO
  • #76,912
  • Apr 17, 2012 3:40am Apr 17, 2012 3:40am
lube it well and get ready

no break no shake still 3050-3150 the range its still in the pink box
  • #76,913
  • Apr 17, 2012 3:40am Apr 17, 2012 3:40am
bye au DTEMA

long eu 3136... lookin for 76
  • #76,914
  • Apr 17, 2012 3:40am Apr 17, 2012 3:40am
+ long EU @3140 on auction results
Quant Hedge Fund CEO
  • #76,915
  • Apr 17, 2012 3:41am Apr 17, 2012 3:41am
good bid to cover homos el bancos espania
  • #76,916
  • Apr 17, 2012 3:41am Apr 17, 2012 3:41am
Quoting kenfen69
What about a whale in the Thames?
nope.. techs have it.. since that post gbp has gone up 25.. and the eu has not moved higher.. the eu is weak.. its being supported by the bullish gbp. atm.. it should go higher
those who can, do. those who cant, talk about those who can
  • #76,917
  • Apr 17, 2012 3:41am Apr 17, 2012 3:41am
Quoting FXMastermind
+ long EU @3140 on auction results
Out with 15, those yields are ludicrous.
Quant Hedge Fund CEO
  • #76,918
  • Apr 17, 2012 3:42am Apr 17, 2012 3:42am
Quoting gatorinla
nope.. techs have it.. since that post gbp has gone up 25.. and the eu has not moved higher.. the eu is weak.. its being supported by the bullish gbp. atm.. it should go higher
never-mind.. it moved..
those who can, do. those who cant, talk about those who can
  • #76,919
  • Apr 17, 2012 3:42am Apr 17, 2012 3:42am
Quoting gatorinla
nope.. techs have it.. since that post gbp has gone up 25.. and the eu has not moved higher.. the eu is weak.. its being supported by the bullish gbp. atm.. it should go higher
wish me luck with my 100$ account bro...
  • #76,920
  • Apr 17, 2012 3:42am Apr 17, 2012 3:42am
Quoting FXMastermind
Out +1 from my EU position and long cable @5925
...also out with 30. Nice run.
Quant Hedge Fund CEO
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