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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #39,081
  • Jun 21, 2012 3:05pm Jun 21, 2012 3:05pm
Quoting FXSwissTrader
Here we go. Speculation JP Morgan may be knocked down 3 notches.
wouldn't be surprised. I mentioned them earlier today as a prime suspect.
Those who say it cannot be done should not interrupt those who are doing it
  • #39,082
  • Jun 21, 2012 3:05pm Jun 21, 2012 3:05pm
Quoting PipTrapper
The initial report said UK banks would be downgraded. There was no mention of US of EZ. But then I heard something about 16 major bank downgrades. UK doesn't have 16 major banks... unless they meant 16 major downgrades... like 2 or 3 notches.

I guess we'll know in a couple of minutes
TalkingForex is saying 5 US banks and 9 UK banks

we shall see as always, its just market rumors
An opportunity lost is not a capital cost.
  • #39,083
  • Jun 21, 2012 3:07pm Jun 21, 2012 3:07pm
Quoting BFSGcapital
TalkingForex is saying 5 US banks and 9 UK banks

we shall see as always, its just market rumors
Well then JPM is most likely one of them
Those who say it cannot be done should not interrupt those who are doing it
  • #39,084
  • Jun 21, 2012 3:08pm Jun 21, 2012 3:08pm
Quoting PipTrapper
wouldn't be surprised. I mentioned them earlier today as a prime suspect.
Yep. That's why I posted it for you.
  • #39,085
  • Jun 21, 2012 3:09pm Jun 21, 2012 3:09pm
Quoting FXSwissTrader
Yep. That's why I posted it for you.
Thanks
Those who say it cannot be done should not interrupt those who are doing it
  • #39,086
  • Jun 21, 2012 3:10pm Jun 21, 2012 3:10pm
ForexLive US wrap; Risk off in a big way

By Jamie Coleman || June 21, 2012 at 20:06 GMT
|| 0 comments ||

 

  1. Goldman recommends S&P shorts; says Fed’s on hold
  2. Moody’s expected to downgrade over a dozen large global banks after close
  3. US weekly jobless claims 387,000 from revised 389,000
  4. Market flash US PMI falls to 52.9 in June from 54.0 in May
  5. US Index of leading indicators up 0.3%
  6. Philly Fed survey tumbles to -16.6 from -5.8; much weaker than forecast
  7. US existing home sales fall 1.5% in May
  8. Germany’s Schaueble says bond-buying is in the rule book, says the EFSF can use leverage; raises hopes for Spanish bailout
  9. Canada tightens mortgage rules, trying to avoid housing bubble
  10. Fitch: Switzerland could lose AAA rating if European intensifies
  11. ECB eases collateral rules, ignores ratings
  12. Dutch FinMIn: Little leeway for Greece
  13. Citi sees Grexit catalyst at December Troika review
  14. Spanish banks may need up to EUR 62 bln in worst case scenario: Spanish audit
  15. BOE’s Weale: More room to ease but bank lending plans may work better; GBP may need to weaken
  16. WTI falls to $78.44, down $3, Brent $89.32, down $3.37; lowest since December 2010
  17. S&P 500 falls 2.2% to 1325; US 10-yr note yield falls to 1.62%

Risk off, pure and simple. Terrible US data, disappointment that the Fed did not do more yesterday and the impending Moody’s bank downgrades put Mr. Market into an early funk from which he never recovered.
Watch 1.2520 near-term. A clean break should see pressure to the downside intensify. Sellers now in the 1.2570/90 window, traders report.

  • #39,087
  • Jun 21, 2012 3:12pm Jun 21, 2012 3:12pm
Quoting PipTrapper
Thanks
Moody's website is so overloaded it takes forever to load any page.
  • #39,088
  • Jun 21, 2012 3:14pm Jun 21, 2012 3:14pm
Quoting BFSGcapital
Who gets downgraded worse UK banks or US?


And are any EZ banks going to be downgraded? It would only make sense.

If no EZ banks are downgraded but US banks are, wouldn't that be a catalyst for a retracement? (in E/U)

Plus tomorrow is Friday.
If any banks are downgraded, it's risk negative. What happens in risk-negative (risk-off) markets?
Those who say it cannot be done should not interrupt those who are doing it
  • #39,089
  • Jun 21, 2012 3:16pm Jun 21, 2012 3:16pm
Right, I guess even if U.S. banks are downgraded, flight to safety will still be USD.
An opportunity lost is not a capital cost.
  • #39,090
  • Jun 21, 2012 3:17pm Jun 21, 2012 3:17pm
Eurogroup press conference getting ready as well.
  • #39,091
  • Jun 21, 2012 3:17pm Jun 21, 2012 3:17pm
Quoting PipTrapper
If any banks are downgraded, it's risk negative. What happens in risk-negative (risk-off) markets?
People get dirty fingers from trying to pick top?
Attached Image
I observe your reality but live my own.
  • #39,092
  • Jun 21, 2012 3:18pm Jun 21, 2012 3:18pm
Quoting FXSwissTrader
Moody's website is so overloaded it takes forever to load any page.
Haha wow! That's incredible.

Took me 30 seconds to load it.
An opportunity lost is not a capital cost.
  • #39,093
  • Jun 21, 2012 3:18pm Jun 21, 2012 3:18pm
Quoting BFSGcapital
Right, I guess even if U.S. banks are downgraded, flight to safety will still be USD.
Bingo!!!
Those who say it cannot be done should not interrupt those who are doing it
  • #39,094
  • Jun 21, 2012 3:19pm Jun 21, 2012 3:19pm
i think i am worried about forexboom.pray to God his account is safe.hope he is alright.
Allah has permitted trade and has forbidden interest [koran]
  • #39,095
  • Jun 21, 2012 3:19pm Jun 21, 2012 3:19pm
Quoting Cgb
People get dirty fingers from trying to pick top?
The booger man

http://ashangelblog.files.wordpress....booger-man.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #39,096
  • Jun 21, 2012 3:20pm Jun 21, 2012 3:20pm
Quoting Cgb
People get dirty fingers from trying to pick top?
  • #39,097
  • Jun 21, 2012 3:23pm Jun 21, 2012 3:23pm
Have you closed those sell limits yet PT, or are you keeping them open for now, just in case...
I observe your reality but live my own.
  • #39,098
  • Jun 21, 2012 3:24pm Jun 21, 2012 3:24pm
While we're waiting...

SEC Charges Florida Broker In Astrology-Based Ponzi Scheme

Date 21/06/2012

The Securities and Exchange Commission today charged that a former broker in Orlando, Fla., defrauded investors in an astrology-based Ponzi scheme.
The SEC alleges that Gurudeo “Buddy” Persaud lured family, friends, and others into investing in his firm, White Elephant Trading Company LLC, by falsely guaranteeing their money would be safe and yield lofty returns ranging from 6 to 18 percent. Persaud told investors he would invest in the debt, stock, futures, and real estate markets, but did not reveal that his trading strategy was based on his belief that markets are affected by gravitational forces.
Those who say it cannot be done should not interrupt those who are doing it
  • #39,099
  • Jun 21, 2012 3:25pm Jun 21, 2012 3:25pm
Quoting Cgb
Have you closed those sell limits yet PT, or are you keeping them open for now, just in case...
Keeping them just in case.
Those who say it cannot be done should not interrupt those who are doing it
  • #39,100
  • Jun 21, 2012 3:26pm Jun 21, 2012 3:26pm
Just short EURO, you can never be wrong. Below 1.244 am gonna short it heavily... have pending order at 1.243, tp 1.20. see you in July.
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