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EurAnalysis Kindergarten 24 replies

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  • #43,921
  • Jul 24, 2012 3:19am Jul 24, 2012 3:19am
Quoting PipTrapper
The PMI figures are now all out.

Nothing impressive but pretty much in the area of expectation so as not to be earth shattering.

Now it boils down to the Spanish bill auction results in 30 to 40 minutes from now.

Attachment
And STILL the bugger springs back :-(
I took a quick short at 1.2116 just before 9.30 (8pip s/l) looks like I'll be out soon - was hoping for tp at 1 .2085
  • #43,922
  • Jul 24, 2012 3:22am Jul 24, 2012 3:22am
Quoting PipTrapper
Spain 10Y
Attachment

Italy 10Y
Attachment
7.6 % ? Pfff its nothing!
My bank robbed me with 9.5 % in 2008...

...they still waiting for my second payment though
69
  • #43,923
  • Jul 24, 2012 3:24am Jul 24, 2012 3:24am
First of all, Hi everybody.

I have been following this thread for a while and I am quite impressed about the quality compared ti other threads at FF.

To the point. Ben B will have his speech today. Any expectations about the subject. I guess some QE expectations will arise before the speech.
  • #43,924
  • Jul 24, 2012 3:27am Jul 24, 2012 3:27am
Quoting kalastaja
To the point. Ben B will have his speech today. Any expectations about the subject. I guess some QE expectations will arise before the speech.
Citing FF calendar:
Due to speak about early childhood education at the Children's Defense Fund National Conference in Cincinnati, via satellite;

So don't expect too much QE talk
  • #43,925
  • Jul 24, 2012 3:29am Jul 24, 2012 3:29am
Quoting kalastaja
First of all, Hi everybody.

I have been following this thread for a while and I am quite impressed about the quality compared ti other threads at FF.

To the point. Ben B will have his speech today. Any expectations about the subject. I guess some QE expectations will arise before the speech.
Good morning and welcome Kalastaja

Based on the subject matter of Benny's speech, I don't expect much.

"Due to speak about early childhood education at the Children's Defense Fund National Conference in Cincinnati, via satellite"

Those who say it cannot be done should not interrupt those who are doing it
  • #43,926
  • Jul 24, 2012 3:30am Jul 24, 2012 3:30am
Quoting Likerty
7.6 % ? Pfff its nothing!
My bank robbed me with 9.5 % in 2008...

...they still waiting for my second payment though
Let them wait
Those who say it cannot be done should not interrupt those who are doing it
  • #43,927
  • Jul 24, 2012 3:31am Jul 24, 2012 3:31am
Quoting PipTrapper
Good morning and welcome Kalastaja

Based on the subject matter of Benny's speech, I don't expect much.

"Due to speak about early childhood education at the Children's Defense Fund National Conference in Cincinnati, via satellite"

Thank's, I couldn't find subject anywhere. No reason for not shorting then
  • #43,928
  • Jul 24, 2012 3:32am Jul 24, 2012 3:32am
Quoting micder
And STILL the bugger springs back :-(
I took a quick short at 1.2116 just before 9.30 (8pip s/l) looks like I'll be out soon - was hoping for tp at 1 .2085
Yes it did spring back but if you look at the PA closely, it is starting to roll over to the downside.

Now we must keep in mind that a bad auction result is already expected and partially priced in. So if the results are not as bad as expected, I expect to see a pop upwards towards the stops at 1.2150 and hopefully as high as my waiting sell limit order at 1.2160
Those who say it cannot be done should not interrupt those who are doing it
  • #43,929
  • Jul 24, 2012 3:35am Jul 24, 2012 3:35am
Quoting kalastaja
Thank's, I couldn't find subject anywhere. No reason for not shorting then
no, no reason at the moment. However, if we get better than expected Spanish auction results, we may get a better price to enter a fresh short. Of course if the results are bad, down it goes. So, pick your poison before the results. Normally if I am not in the market yet, I would open a small position before the news and then if I get a better price, I scale in with more.
Those who say it cannot be done should not interrupt those who are doing it
  • #43,930
  • Jul 24, 2012 3:35am Jul 24, 2012 3:35am
Quoting PipTrapper
Yes it did spring back but if you look at the PA closely, it is starting to roll over to the downside.

Now we must keep in mind that a bad auction result is already expected and partially priced in. So if the results are not as bad as expected, I expect to see a pop upwards towards the stops at 1.2150 and hopefully as high as my waiting sell limit order at 1.2160
Thnx - i've really got to learn to be more patient...and not jump to book a sell too early - still (very much) learning
  • #43,931
  • Jul 24, 2012 3:37am Jul 24, 2012 3:37am
Quoting micder
Thnx - i've really got to learn to be more patient...and not jump to book a sell too early - still (very much) learning
If you learn only patience, you will be more than half way to success.
Those who say it cannot be done should not interrupt those who are doing it
  • #43,932
  • Jul 24, 2012 3:41am Jul 24, 2012 3:41am
Quoting PipTrapper
no, no reason at the moment. However, if we get better than expected Spanish auction results, we may get a better price to enter a fresh short. Of course if the results are bad, down it goes. So, pick your poison before the results. Normally if I am not in the market yet, I would open a small position before the news and then if I get a better price, I scale in with more.
Sounds like a plan

I closed all shorts yesterday and it's been really difficult to stay sidelines this morning...
  • #43,933
  • Jul 24, 2012 3:45am Jul 24, 2012 3:45am
Bid to cover on 3 and 6 month bills better than last time.

6 month 3.0 vs 2.8 last time with 3.691% yield vs 3.237% last

3 month pretty well similar results

Overall as expected so not a market mover... so far.

ADD: 3-month average yield 2.434% from previous 2.362%... Bid to cover ratio 2.9, up from previous 2.6
Those who say it cannot be done should not interrupt those who are doing it
  • #43,934
  • Jul 24, 2012 3:50am Jul 24, 2012 3:50am
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Those who say it cannot be done should not interrupt those who are doing it
  • #43,935
  • Jul 24, 2012 4:03am Jul 24, 2012 4:03am
hey PT is this the auction you were referring to? not sure since I don't see 10 year listed
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  • #43,936
  • Jul 24, 2012 4:10am Jul 24, 2012 4:10am
Quoting neuron
hey PT is this the auction you were referring to? not sure since I don't see 10 year listed
Yes that's it. There was no 10 year auction today. Only 3 and 6 month. I posted the 10 year chart because that is the benchmark rate.
Those who say it cannot be done should not interrupt those who are doing it
  • #43,937
  • Jul 24, 2012 4:12am Jul 24, 2012 4:12am
Quoting PipTrapper
Spain 10Y
Attachment

Italy 10Y
Attachment
How about GREECE ? I mean... the Last Report
Always looking the GREAT, never left GOOD Point...
  • #43,938
  • Jul 24, 2012 4:36am Jul 24, 2012 4:36am
Quoting Tsar
How about GREECE ? I mean... the Last Report
If you mean Bonds you can check out this page:
http://www.forexpros.com/rates-bonds...vernment-bonds
  • #43,939
  • Jul 24, 2012 5:02am Jul 24, 2012 5:02am
Quoting iak_fx
If you mean Bonds you can check out this page:
http://www.forexpros.com/rates-bonds...vernment-bonds
Great... Really very complete in accordance with my desire.

Thank you very much...
Always looking the GREAT, never left GOOD Point...
  • #43,940
  • Jul 24, 2012 5:11am Jul 24, 2012 5:11am
My first post and will try and keep it very short.
Looking at the present situation I am long with stop below 2075. My tp level is around 2170 level.

P.S. Keep this nice thread going.
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