Euro hits highs du jour on EFSF/ESM bond buying reports - $1.272 | Forex Factory

  • Euro hits highs du jour on EFSF/ESM bond buying reports - $1.272

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kalastaja
Jun 19, 2012 1:24pm
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€ going up today isn't insane. In my charts € is still in downtrend channel. With all this intervention talks it is just fair that sometimes € hits roof of that channel. If things don't change in europe we will see much lower levels it just won't happen overnight. I agree with guest that there is too many possibly positive events today/tomorrow although most of them should be priced already.
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TraderUSA
Jun 19, 2012 12:31pm
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People just gave Golman Sack a blank check with 8 figures written on it. Wow how much a liar can fool the market. I probably need to do just like Goldman Sack was doing but my conciense told me "Not worth it" I can make more with clean tactics.
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oneightwenty
Jun 19, 2012 12:21pm
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Risk is rallying because the market believes that Helicopter Ben will save the world once again, and this time it will be different. Goldman basically said earlier today to go long on all risk assets for QE is coming, doesn't this smell a bit fishy?
In other words: no QE tomorrow.

About this rumor, courtesy of Zerohedge:
Quote
In a nutshell: Germany will somehow allow a fund, the ESM, which does not yet even exist, overturn the primary principle of the Eurozone, the no sovereign bailout clause, and use money which has not been funded, to subordinate bondholders across the entire continent (because ESM is priming) and serve as an additional secured lender in addition to the ECB...
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oneightwenty
Jun 19, 2012 12:30pm
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Quoting Sanguis
EURO-DOLLAR: IMM names said to be persistent buyers of euro as it creeps
higher, talk we heard earlier in the day as well, those names not buying
individually in size but all seemingly the same way. Residual offers
seen to $1.2730 and beyond there, the Monday high at $1.2748 beckons,
with stops above.
Bennie better deliver tomorrow, or this will turn out to be an ugly pump & dump.
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oneightwenty
Jun 19, 2012 1:15pm
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Quoting Guest
till this weekend eur will rally to 1.2850 to 1.2900
EFSF/ESM bond buying program
FED will provide stimulus
G20 will approve additional fund up usd 450 Billion for help the crisis country include europe
and ND greece will get majority in parlement
...and then you wake up, right?
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Sanguis
Jun 19, 2012 12:28pm
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EURO-DOLLAR: IMM names said to be persistent buyers of euro as it creeps
higher, talk we heard earlier in the day as well, those names not buying
individually in size but all seemingly the same way. Residual offers
seen to $1.2730 and beyond there, the Monday high at $1.2748 beckons,
with stops above.
Reply
spekitox
Jun 20, 2012 8:52am
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du jour??? what is that, mon cher? and who is Chris Adams?
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Sanguis
Jun 19, 2012 12:51pm
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Binary option short covering.
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Sanguis
Jun 19, 2012 12:53pm
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Quoting Sanguis
Binary option short covering.
IMM
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cppolybd
Jun 19, 2012 12:40pm
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Actually I think there is no need to shit analysis like unemployment claim, CPI, PPI, housing stats, GDP etc. This is just useless. Following the fake bullshit rumour is the way to go.
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cppolybd
Jun 19, 2012 12:45pm
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And btw when all the problem will be resolved price will be 4.00. this market is just insane.
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Jayakatwang
Jun 19, 2012 9:00pm
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Quoting kalastaja
€ going up today isn't insane. In my charts € is still in downtrend channel. With all this intervention talks it is just fair that sometimes € hits roof of that channel. If things don't change in europe we will see much lower levels it just won't happen overnight. I agree with guest that there is too many possibly positive events today/tomorrow although most of them should be priced already.
for a while eurusd look like have same behaviour with 8 sept 2011, if yes eurusd will drop deeply today (20 jun 2012)
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Foren
Jun 20, 2012 12:16am
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short till friday.
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culibate
Jun 19, 2012 12:27pm
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anyway EU is now 1.2727
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suyogo
Jun 19, 2012 12:40pm
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with all those real unresolved problems, euro still able keep going up. this is crazy.
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Trader#C6CB
Jun 19, 2012 12:42pm
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till this weekend eur will rally to 1.2850 to 1.2900
EFSF/ESM bond buying program
FED will provide stimulus
G20 will approve additional fund up usd 450 Billion for help the crisis country include europe
and ND greece will get majority in parlement
Reply
jaygee
Jun 19, 2012 1:30pm
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ITM!!!
Reply
jaygee
Jun 19, 2012 1:32pm
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run forest, run.
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