EurAnalysis

http://globaleconomicanalysis.blogspot.ca/


Foreigners Dump Nearly €80 Billion in Spanish Debt; Haircuts Come After More Dumping




Through the first half of the year, foreigners reduced Spanish debt by Nearly €80 Billion as banks in Spain gobbled up more of the toxic garbage.

Foreign investment in Spanish public debt has decreased by 7 €78.168 billion in the first six months of the year, standing at €203.271 billion euros, compared to €281.439 billion which reached the end of 2011. This is a break of 27.7% over last year.

The largest decreases were recorded in February and March, at nearly €25 billion each month.

Analysts note that Spanish financial institutions that are supporting strongly the Treasury issues and thus raising their level of debt thanks to interventions by the ECB.

Contrary to popular belief, the LTRO and other ECB financing programs that allowed Spain to accumulate more Spanish bonds is not a favor to Greece but rather a favor to foreigners who are now unloading the debt.

Just as happened with Greece, as soon as foreigners dump enough Spanish debt, haircuts on the bonds will come.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
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Read more at http://globaleconomicanalysis.blogsp...opPRqi6sO5X.99

i agree with you entirely, i will get in touch with my trader friends and get info hopefully. i do have an idea though.Anyway less of this now and lets trade.

CMan can you type?

I just wonder, sry if I am rude, why do you always answer with some ctrl+c ctrl+v. You seriously cant discuss like this. Please, either type your own idea, or stop lecturing. You may be misleading people.

T

we will buy news "everything possible to protect euro" by merkelmonti (we bought smthing similar last Thursday)

or

we will sell "Greece will announce exit euro from this week" rumor which is on some news web sites today ( just google it as "greek exit euro" on google news for last 24 hours ).

ownage

hi bud, serious question to you and the others... if you didnt read the news would/could you still trade?, simples

That depends on kind of the news. I wouldnt trade if I didnt know what ECB or FED is doing for example.

T

btw, billy

http://ta.mql4.com/indicators/bills/awesome

quote:
"AO is a 34-period simple moving average, plotted through the central points of the bars (H+L)/2, and subtracted from the 5-period simple moving average, graphed across the central points of the bars (H+L)/2."

To say it simple, it is a divergence of two moving averages. Pretty simmilar to MACD.

T

fair enough, sometimes if their is a news release i might hunt for spikes even more so if my chart shows a possibility of a spike. Apart from that i trade regardless of who said what, the aim is to follow the market, set my triggers , take acre

Thats oxymoron Bill. And please call me Tom.

AO well explained thankyou lol.i can feed it with my own values but at present i have no idea but from what i see it looks good . I will let the room know what happens .

actually i just did. no idea what oxymoron is but i trade well so it must be good lol

Half hour till market opens in the US. There was a lot of negative rumors released this weekend. Will be interesting to see what happens.

just looked up oxymoron. I get it. but at the end of the day these leaders etc will go and the world needs countries to trade with and invest. take care

Hi everyone. Hope weekends were great and relaxing all around.

Just posting up my analysis for the next 24 hour period.

As of Fridays close
DOW – up 187.73 points to close at 13,075.66
Oil – up $0.74 to close at $90.13 – next level of support is $85.44
Gold – up $2.90 to close at $1,6818.00 – Next level of support at $1,604
Dollar index 82.709 – 52 week range is Low: 73.421 – High: 84.100





The DOW skyrocketed 253.09 points this week(1.97%) to close at 13,075.66, crossing the psychologically-important 13,000 level for the first time since early May. R


GDP numbers disappointed in the US as they only expanded at a 1.5 percent in the second quarter. The weakest pace of growth since the third quarter of last year.
Myself and many other traders have been watching watching to see if the GDP report would encourage the Fed to be more aggressive at its two-day meeting next week. this move to risk on in all liklihood is due to expectations the Fed next week will lengthen the time frame on its forecast for extreme low rates to mid-2015, from the end of 2014.

Switzerland’s economic growth is set to accelerate, according to a new economic report, potentially complicating efforts to keep the Swiss franc in check. I for one will be turning my attention to the CHF pairs as the UCHF nears parity and is oscillating between the 0.9722/ 1.000 Channel.



A few big investors are wondering whether fiat currencies are headed for collapse. I know Currency man posts up often some of the analysis on precious metals. Gold seems destined to be targeting 3,000$ USD in what could be a violent move as the elections draw nearer and Europe continues to struggle due to their ever growing debt crisis.



Current Market Conditions Analysis
I have not chosen which pairs to trade or set up my plans yet. but here are some of the pairs I am watching and certain areas where the Daily/Weekly/Monthly Channels line up


Aussie/USD – current 1.0470 ***3 of 3 channels at 1.0514***strong area
last 5 Sessions 1.0174 To 1.0485 = 311 Pips – 3 straight up sessions



NZD/USD – current 0.8089 ***3 of 3 channels at 0.8124***strong area
last 5 Sessions 0.7805 To 0.8102 = 297 Pips – 3 straight up Sessions


GBP/JPY- current 123.40 ***3 of 3 channels at 123.19*** strong area
L5 Sessions 120.80 To 123.75 = 295 Pips


EUR/CAD – current 1.2351 ***3 of 3 channels at 1.2320***strong area
L5 Sessions 1.2277 To 1.2449 = 172 Pips 3 of last 5 sessions up after (9 of previous 10 Sessions were DOWN) Pair has moved down from High of 1.3006 on June 18th to current 2351 = 655 pips

EUR/AUD – current 1.1742***3 of 3 channels at 1.1780***strong area
L5 Sessions 1.1691 To 1.1854 = 163 Pips



I will be monitoring those pairs for bounces/breaks and significant closes to trade from.
The EU is in sort of a no mans land and until it gets to either the 1.2200/1.2219 level or the 1.2460 I will wait and see and practice PATIENCE due to the wild volatility we witnessed friday settles out.


Take care and good luck guys. Ill be back later to monitor the Asia open and then see what london does.

Wulf

the markets are nearly all open, have a good week trading, keep it simple and i'll catch you at the close on friday, i got serious trading to do, take care B

Juncker warns of collapse of the Euro-zone

I post my own thoughts fairly often. Perhaps you do not understand my purpose so I will explain it to you. I read hundreds of articles each week. When I find something on topic as in the topic of the day when I find information from known sources that I trust to be objective and whose opinion I agree with it is much more helpful to post the link and some items from the article. When I do that I edit out the parts that probably do distract from the message.

Everyone here can read my posts or just skip them or put me on the ignore button.

I suspect there is another issue here so if there is you can post it on this thread or PM me.

I would rather those that want to learn read it for themselves and ask me questions if they wish. Why should I take more hours from my life when the proper information is already written. For myself I read opinions on all sides and then I decide for myself which one makes sense.

When I post charts since I am not able to do my own it serves it's purpose of education. With regard to charts there can be 12 opinions about one chart that might be misleading so we all decide for ourselves.

I do not make trade calls nor does PipTrapper for clear reason.

I try not to be argumentative however I am not fearful of stating my opinion.

I try to post useful helpful information without imposing my views on others. However I am entitled to my opinion and style of doing things as you are to yours. If I have caused you any frustration I am not sure what your issue is.

With respect to yourself I am presenting my views.

CMan,

its not that I dont like your posts. Sometimes I read it, sometimes I dont, but you post some usefull links for sure. Nevertheless, I dont like if you qoute my post with a link to some article and then you dont say anything to the topic. Second thing which I find strange, is that you title your posts like: must read, your lesson, etc., but it is lesson from someone else. To be clear, I like your posts, but it is not your knowledge what you are presenting and your titles seem like you are mentoring. No offence intended here mate, its just, you could answer normally from time to time, like you did now.

T

Thanks for sharing your thoughts with me. I respect your sharing these matters with me and I understand. I do not take things personally most of the time especially when there is goodwill between the parties.

Have a good Sunday evening.