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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #33,481
  • May 31, 2012 6:21am May 31, 2012 6:21am
Quoting FXSwissTrader
I think you're the only one trading AUD in this thread.
correlation
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #33,482
  • May 31, 2012 6:22am May 31, 2012 6:22am
Quoting Tom_D_Trader
I am really interested in this issue. I think there is no way how to use ESM/EFSF to directly fund banks, since:

a) While ESM/EFSF were set, my favourite Germans insisted on rule, that these funds cant be used this way. And when you set the deal with the Germans, you dont expect them to be flexible, do you?
b) there is already heavy opposition from northern Europe + Netherlands.

I think Schauble said like week ago that there is no way to use funds to bailout banks.

T
That is correct. The purpose of the funds is for sovereign bailouts with money provided by tax payers. It would be both illegal and immoral to use that money to bail out the banks. The Spanish banks should be bailed out by the Spanish government using money borrowed at Spanish bond rates. They made the mess, and they should shoulder the cost of fixing it. Fair is fair.
Those who say it cannot be done should not interrupt those who are doing it
  • #33,483
  • May 31, 2012 6:22am May 31, 2012 6:22am
Quoting FXSwissTrader
I think you're the only one trading AUD in this thread.
NOT!
  • #33,484
  • May 31, 2012 6:23am May 31, 2012 6:23am
Quoting Gofer Pips
NOT!
Makes a great hedge, doesn't it?

http://www.timsgardencentre.com.au/p...uper-hedge.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #33,485
  • May 31, 2012 6:25am May 31, 2012 6:25am
Quoting Tom_D_Trader
I am really interested in this issue. I think there is no way how to use ESM/EFSF to directly fund banks, since:

a) While ESM/EFSF were set, my favourite Germans insisted on rule, that these funds cant be used this way. And when you set the deal with the Germans, you dont expect them to be flexible, do you?
b) there is already heavy opposition from northern Europe + Netherlands.

I think Schauble said like week ago that there is no way to use funds to bailout banks.

T
Very true. We are very stubborn/structured/organized/rule abinding people, and when you make a deal it's a deal.

Also the provisions of the accord in the ESM/EFSF, does not allow such actions to be undertaken.
  • #33,486
  • May 31, 2012 6:28am May 31, 2012 6:28am
Quoting changbachang
what aud doo effect/effected by eur too
NO!
  • #33,487
  • May 31, 2012 6:29am May 31, 2012 6:29am
Quoting PipTrapper
Makes a great hedge, doesn't it?
  • #33,488
  • May 31, 2012 6:31am May 31, 2012 6:31am
Quoting PipTrapper
Makes a great hedge, doesn't it?

http://www.timsgardencentre.com.au/p...uper-hedge.jpg
Sir, yes sir!


%$@&* NFA and CFTC
  • #33,489
  • May 31, 2012 6:31am May 31, 2012 6:31am
Quoting FXSwissTrader
NO!
what i mean is correlation , look at them
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #33,490
  • May 31, 2012 6:32am May 31, 2012 6:32am
Quoting changbachang
what i mean is correlation , look at them
PT spoke of this a few days, maybe a week ago. You should try to find his post.
  • #33,491
  • May 31, 2012 6:33am May 31, 2012 6:33am
That M15 100ma is still holding. A bit of a battle going on there. Strong support and strong resistance. Although tick volume is still quite low.

It's not quite over for the bulls yet but still could go either way. Time will tell.

ADD: There is also some hidden bullish divergence on the MacD and the RSX is oversold and starting to point up.

E/U M15
Attached Image (click to enlarge)
Click to Enlarge Name: eu-m15.gif Size: 53 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #33,492
  • May 31, 2012 6:34am May 31, 2012 6:34am
Quoting FXSwissTrader
PT spoke of this a few days, maybe a week ago. You should try to find his post.
nah, i want hear from u , what do u mean?
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #33,493
  • May 31, 2012 6:34am May 31, 2012 6:34am
Forex Flash: EUR/USD any recovery is expected to be short-lived – Danske Bank

Thu, May 31 2012, 13:29 CET | FXstreet.com

FXstreet.com (Córdoba) - Market sentiment dropped further yesterday as turmoil in the Spanish banking sector added to signs of a deepening of the euro crisis, weighing on the euro and favoring the USD and JPY that appreciated further, according to Danske Bank analysts. "EUR/USD dropped below 1.24 and trades at 1.2395 this morning, the lowest level since July 2010 and USD/JPY dropped back below 79".

"Markets direction is all most one way traffic at the moment and the only thing that could change the game right now seems to be a policy response", said Danske Research team. "We might see some support for the euro when the expected 'yes' in the Irish referendum is (most likely) confirmed by the exit-polls this morning and officially tonight. However, any euro performance is expected to be short-lived and we would continue to sell both EUR/USD and EUR/GBP on up-ticks".


http://mediaserver.fxstreet.com/imag...r-logo1-en.gif
  • #33,494
  • May 31, 2012 6:36am May 31, 2012 6:36am
Quoting changbachang
nah, i want hear from u , what do u mean?
Better you read what PT wrote. I'm not that smart.
  • #33,495
  • May 31, 2012 6:37am May 31, 2012 6:37am
Quoting PipTrapper
That is correct. The purpose of the funds is for sovereign bailouts with money provided by tax payers. It would be both illegal and immoral to use that money to bail out the banks. The Spanish banks should be bailed out by the Spanish government using money borrowed at Spanish bond rates. They made the mess, and they should shoulder the cost of fixing it. Fair is fair.
Yes. USA, 2008, the banks (both domestic and foreign, it came out) were bailed out with tax payer funds. After Congress was threatened.
  • #33,496
  • May 31, 2012 6:39am May 31, 2012 6:39am
Quoting changbachang
what i mean is correlation , look at them
You are absolutely Correct!
  • #33,497
  • May 31, 2012 6:39am May 31, 2012 6:39am
Quoting FXSwissTrader
Better you read what PT wrote. I'm not that smart.
hate it , especially the capslock ,and u didnt even sure what u tlking about
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #33,498
  • May 31, 2012 6:40am May 31, 2012 6:40am
Quoting Greenstar
Yes. USA, 2008, the banks (both domestic and foreign, it came out) were bailed out with tax payer funds. After Congress was threatened.
Yes they were but at least they were banks domiciled in USA. In this case the context was about EZ wide tax payer money being used in Spain. That's even worse than the misappropriation of US tax payer money in 2008.
Those who say it cannot be done should not interrupt those who are doing it
  • #33,499
  • May 31, 2012 6:41am May 31, 2012 6:41am
Quoting Greenstar
Yes. USA, 2008, the banks (both domestic and foreign, it came out) were bailed out with tax payer funds. After Congress was threatened.
Yep. Everyone knows Goldman Sachs runs U.S Gov't.
  • #33,500
  • May 31, 2012 6:42am May 31, 2012 6:42am
Quoting changbachang
hate it , especially the capslock ,and u didnt even sure what u tlking about
Cut his balls.
"I know one thing, that I know nothing." Sokrates
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