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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #51,121
  • Aug 30, 2012 5:58am Aug 30, 2012 5:58am
Quoting PipTrapper
Spikey Mohawk Pattern on M15

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That's the Beavis and Butthead pattern.
  • #51,122
  • Aug 30, 2012 6:01am Aug 30, 2012 6:01am
Quoting PipTrapper
Spikey Mohawk Pattern on M15

Attachment
Brilliant...
Those that say do not know. Those that know do not say.
  • #51,123
  • Aug 30, 2012 6:04am Aug 30, 2012 6:04am
Hollande and Rajoy news conference starting.
  • #51,124
  • Aug 30, 2012 6:05am Aug 30, 2012 6:05am
Sshees her conversation is boring.... she mentioned something about a pump & dump...and then... I think I'm going to pass out before her...
Those that say do not know. Those that know do not say.
  • #51,125
  • Aug 30, 2012 6:09am Aug 30, 2012 6:09am
AP reports region of Valencia in Spain will need 4.5Billion euros in bailout not 3.5Billion!
  • #51,126
  • Aug 30, 2012 6:12am Aug 30, 2012 6:12am
Quoting FXSwissTrader
AP reports region of Valencia in Spain will need 4.5Billion euros in bailout not 3.5Billion!
It doesn't really matter. What's an extra billion when you're already bankrupt?
Those who say it cannot be done should not interrupt those who are doing it
  • #51,127
  • Aug 30, 2012 6:14am Aug 30, 2012 6:14am
Newswire: Think tank report circulating stating the ECB will struggle with providing details of it's bond buying program at the next ECB meeting. The ECB prefer bond buying instead of lowering interest rate.
  • #51,128
  • Aug 30, 2012 6:16am Aug 30, 2012 6:16am
Draghi cancels more plans

Written by Adam Button
August 30, 2012 at 13:10 GMT

Earlier this week he cancelled his trip to Jackson Hole and now he has scrapped an appointment at European Parliament on Sept. 3.

A spokesman said it was scrapped because the ECB has a quiet period the week before a governing council meeting (which is Sept 6).

Instead he will address lawmakers behind closed doors… and they will leak every word he says.
Those who say it cannot be done should not interrupt those who are doing it
  • #51,129
  • Aug 30, 2012 6:19am Aug 30, 2012 6:19am
Quoting PipTrapper
Draghi cancels more plans

Written by Adam Button
August 30, 2012 at 13:10 GMT

Instead he will address lawmakers behind closed doors… and they will leak every word he says.
  • #51,130
  • Aug 30, 2012 6:26am Aug 30, 2012 6:26am
Quoting FXSwissTrader
Newswire: Think tank report circulating stating the ECB will struggle with providing details of it's bond buying program at the next ECB meeting. The ECB prefer bond buying instead of lowering interest rate.
In the last press conference, Draghi said specifically... and I quote "Over the coming weeks, we will design the appropriate modalities for such policy measures."

To me he has not set any specific target date by which "the appropriate modalities" will be designed. So, in my view, notwithstanding the market expectation, he is not under any pressure to deliver "the appropriate modalities" at the next press conference.

Transcript of last press conference
Those who say it cannot be done should not interrupt those who are doing it
  • #51,131
  • Aug 30, 2012 6:30am Aug 30, 2012 6:30am
Quoting PipTrapper
In the last press conference, Draghi said specifically... and I quote "Over the coming weeks, we will design the appropriate modalities for such policy measures."

To me he has not set any specific target date by which "the appropriate modalities" will be designed. So, in my view, notwithstanding the market expectation, he is not under any pressure to deliver "the appropriate modalities" at the next press conference.

Transcript of last press conference
Well the key point is "over the coming weeks". How do you interpret how many weeks is "over the coming weeks"? The think tank report states that the market is expecting details of the program for which Draghi will NOT deliver at next week's press conference. If he doesn't deliver then we all know how the day will end.
  • #51,132
  • Aug 30, 2012 6:34am Aug 30, 2012 6:34am
Rajoy says Spain will consider bailout once ECB's has set it's intentions.


Whatever the hell that means!
  • #51,133
  • Aug 30, 2012 6:43am Aug 30, 2012 6:43am
Hungary Shelves Euro Entry for Two Decades

http://www.forexfactory.com/news.php?do=news&id=381695

Snippet:
After missing a series of target dates under different governments, Budapest had most recently flagged 2020 as a potential date of euro accession. "The euro zone faces a protracted financial and economic crisis because it grasped too much and aimed too high," Gyorgy Matolcsy

No Sh*t?????
  • #51,134
  • Aug 30, 2012 6:46am Aug 30, 2012 6:46am
another PATHETIC WTF day in the EURO. sheesh Caught in BS LAND!
Attached Image (click to enlarge)
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  • #51,135
  • Aug 30, 2012 6:50am Aug 30, 2012 6:50am
Quoting FXSwissTrader
Well the key point is "over the coming weeks". How do you interpret how many weeks is "over the coming weeks"? The think tank report states that the market is expecting details of the program for which Draghi will NOT deliver at next week's press conference. If he doesn't deliver then we all know how the day will end.

Yep SELL BABY SELL!!
  • #51,136
  • Aug 30, 2012 6:54am Aug 30, 2012 6:54am
Quoting TRMZXT
Yep SELL BABY SELL!!
Wait... Maybe Axel Merk is on to something

Axel Merk Says Euro Will Strengthen To 1.40

By Adam Button || August 30, 2012 at 13:17 GMT

The leader of Merk Investments has been talking up the euro for the past few weeks but this is the first time I’ve heard him bandy about a number.
I didn’t see a timeline for the call but I’ll see if I can track it down.
Those who say it cannot be done should not interrupt those who are doing it
  • #51,137
  • Aug 30, 2012 7:00am Aug 30, 2012 7:00am
Quoting PipTrapper
Wait... Maybe Axel Merk is on to something

Axel Merk Says Euro Will Strengthen To 1.40

By Adam Button || August 30, 2012 at 13:17 GMT

I didn’t see a timeline for the call but I’ll see if I can track it down.
3-5 year time line I'm assuming.
  • #51,138
  • Aug 30, 2012 7:05am Aug 30, 2012 7:05am
Quoting PipTrapper
Wait... Maybe Axel Merk is on to something

Axel Merk Says Euro Will Strengthen To 1.40

By Adam Button || August 30, 2012 at 13:17 GMT

The leader of Merk Investments has been talking up the euro for the past few weeks but this is the first time I’ve heard him bandy about a number.
[i][b][color=darkslateblue]I didn’t see a timeline for the call but I’ll see if I can...

1.4 ROFL LONG way off!
  • #51,139
  • Aug 30, 2012 7:10am Aug 30, 2012 7:10am
Quoting FXSwissTrader
3-5 year time line I'm assuming.
That would make sense. I posted this for a good laugh. It's quite obvious to me that the reason for this call is one of these...

1. He's got a truckload of Euro denominated instruments he needs to dump at a higher Euro exchange rate.
2. He believes that the US economy is on its way to the s**tter and that the USD will take a huge hit.
3. He believes in euro zone miracles.
Those who say it cannot be done should not interrupt those who are doing it
  • #51,140
  • Aug 30, 2012 7:13am Aug 30, 2012 7:13am
Eur/Usd will see 1.2648 daily close today (: I suggest closing shorts right nowwww!
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