EurAnalysis

There is other less costly software out there specifically for the forex industry. I haven't done my research yet, but once this trial period expires, I will be on the hunt.

cool keep me updated please bro - I will do that same

http://www.fxpro.com/news/daily-fore...ce=Emailvision

The holed eurozone lifeboat. Of no real surprise from the G20 was the feeling that world leaders still believe the eurozone needs to do more to help itself. For its part, the eurozone reportedly warmed to the idea of the EFSF (the temporary bailout fund) buying government bonds, even though this is not a new idea, despite the fact that it would not tackle the underlying causes and would probably not push yields lower on a sustained basis. Still, not to worry, for the eurozone lifeboat (the European Stability Mechanism) is due to come into force next month, provided that ratification by the German parliament goes without a hitch next week. The trouble is that the ESM was conceived (late in 2010) when European leaders believed that at the time of its launch (originally scheduled for 2014) the worst of the sovereign crisis would be behind them. There are two things that have conspired to thwart this. First and most simply, the chain of events in the eurozone (and elsewhere) that has seen the crisis worsen rather than improve. Second, the bringing-forward of the ESM launch to year earlier than originally planned. As such, the supposedly new and improved lifeboat is set to be launched in the midst of the storm that was expected to be over when it was first mooted. Unfortunately, there is a real danger that rather than serving to save the eurozone, it may hasten its demise. At present, there are four countries signed up for financial assistance from the troika (EU, ECB and IMF) in various forms, including Spain’s yet to be agreed bank loan program. Spain itself will struggle to survive at current market rates, especially given the rising debt burden from the bank deal. All these countries must still contribute to the capital of the ESM. The only provision allowing for leniency relates to those with per capita GDP 75% or less of the European Union average, but only applies to new ESM members (i.e. accession countries). But if Spain were to be formally ‘bailed out’, then there would be four countries whose capital contributions to the ESM (payable by instalment over the next five years) would still have to be paid. Without direct market access, these would be indirectly paid by the ESM, unless the IMF was to take a greater role. In other words, the contributions would feature in its funding requirements and (ESM) loan calculations for the coming years. The point is that beyond the debate about the size of the ESM (with regards to providing a backstop for the likes of Italy), there is a real need for a look at the structure which was designed for when the waters had calmed, not whilst the storm is still blowing. At present, it’s a house of cards and the more Germany digs its heels in on the austerity and ‘no bail-out’ mantra, it are merely making bigger waves that could sink the whole ship as the paid-in capital is funded by bigger claims on the ESM itself. It’s a potential vortex of lending to finance more borrowing, a route which can only lead to a credit crunch of epic proportions.

Italian banks also need urgent recapitalisation. Against a backdrop of collapsing property prices and a soaring volume of non-performing loans, it is perfectly understandable that the focus of attention of European policy-makers and asset markets has been Spain. Indeed, at the G20 meeting, German Chancellor Angela Merkel urged Spain to clarify its aid request as soon as the results of the bank audits were known. However, it is important to recognise that the deterioration on the assets side of the balance sheets of Italian banks is no less serious. According to figures released by the Bank of Italy, corporate and household bad debt jumped by 15% to EUR 109bn in the year ended April. Impaired loans - not including those already written-down - increased to EUR 58bn from EUR 50bn a year earlier. With the economy stuck in recession once more, and local property prices suffering, the direction of travel for non–performing loans can only be upwards. Morgan Stanley recently published an estimate claiming that Italian banks required a capital injection of up to EUR 42bn in response to the surge in bad loans. Recall that Moody’s downgraded 26 Italian banks last month because of concerns regarding poor earnings, bad loans and the faltering economy. These concerns are unlikely to go away anytime soon.

and Im sure they can offset it somehow also as an expense through taxes dodgy bastards

That would also apply to a home based retail trader. All related expenses including the costs of computer hardware, internet services, news subscriptions etc would be deductible against any taxes payable on your gains.. depending where you live of course.

ahhhh sweet! will have to keep that in mind.. tax in Singapore next to nothing anyway

U/CAD long position from 1.0180 doing well so far. I hope to see price break out of the falling wedge to the upside today... fingers crossed.

U/CAD H1

I have been using twitter for real time information... and gossip.
it seems a number of twitterers get their data from 'wires' and release the info asap.

it might be a good free alternative to reuters/ bloomberg premium services.


also can i ask whom of any one do you prefer to follow on twitter??



edit:-the chaf is a problem

Hey Afos

thats actually a very clever idea - who do you follow? will have to look into that - I used to follow ashraf laidi - well still do just dont use twitter..

he posts some good stuff..

hey guys... just sat down to see what transpired earlier today. Read the Fed transcript..


Translation: ben passed on doing more in an election year to Euro nation who has limited options and bigger mess to deal with under current conditions. the ECB is expected to cut rates by 50 basis points before next weeks nfp. Guys, the way is still lookin southbound obviously on the Euro.


Funny how right after the FOMC that report that Merkel said bond purchasing by European rescue funds is a possibly. lol


that marked Germany’s acceptance montis proposal, to use the EZ's two rescue funds to buy bonds of Italy, Spain, and other distressed countries, in the secondary markets to bring down borrowing costs.


Hollande not suprisingly jumped on the bandwagon with this like a fat kid on a cupcake. The rest of the leaders are going to discuss it on Friday.


The current US administration is still printing huge amounts of money, and spending huge amounts of money, in an attempt to gain four more years in office. We continue towards major disaster in 2013 after elections and those preparing now will benefit the most longterm. My advice... get out of debt asap... and learn to life off the grid as much as possible.

trades entered today are:

short Eu at 2689 ... already locked in... shooting for ye olde 2219 sooner than later still

long UCad at 1.0200... shooting for a retest of the 1.0450

and i just recently shorted Gu at 5699... bein careful with this one though.. especially if it gets down to the 5650 again... may have to flip to a buy above 5711 if we can close down below my entry with a bit of momentum

Holy crap.. Who isn't long U/CAD?

time to short? lol

eighteen-o-six city market news world first
cnn breaking news yohay, real fly, zero hedge, simon klook etc etc...


so many to choose, but who do you all recommend??

me..... LOL.. always stay away as never been good to me

The most significant benefit of using a premium service such as Bloomberg or Reuters is not the news snippets, but rather the analytics which allow you to better forecast what is more likely before the news even hits the wire. Once the news is released, you're late for the party.

lol. No not yet. U/CAD has excellent bullish structure.
Here is what I posted yesterday...

Yes I believe USD/CAD has excellent bullish structure and that the fundamentals are behind me on this.

I see oil falling to below $80 based on no QE and low demand.
I see lower Gold based on no QE and lower demand in India
CAD is correlated to oil and gold
Bad housing sector in Canada (Bubble about to burst in Toronto)
High CAD is bad for Canadian manufacturing sector and is not doing well.
BOC will not be raising rates any time soon.
Lower USD GDP projections means lower GDP for Canada also (US is Canada's largest trading partner)
Steven Harper is a faggot

There are also technical reasons:
Falling wedge breakout imminent
Bullish divergence on H4
Bullish Hidden divergence on Daily
55 day ema support

All else being equal... this is enough for me to take the trade... cuz its so true

first 2 trades i made on early tuesday g/u then e/u i was smashed to pieces. This came as a surprise and i am still trying to figure out what went wrong.So i gave up trading for the rest of the day until wed afternoon. i am back in the driving seat both e/u g/u and dow went to plan and i am back in the fast lane. I am telling you this as a matter of my experiance ie do not try and claw back what you lost and stay calm and go with your plan. Happy trading

Hi,

not to offending you, may you STOP posting this cut and paste please!!!

forexBOOM

is it easy to interpret the analytics? do they show you how to utilise the whole platform to its full potential?