"I know one thing, that I know nothing." Sokrates
- #54,201
- Sep 12, 2012 5:09am Sep 12, 2012 5:09am
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
- #54,204
- Sep 12, 2012 5:12am Sep 12, 2012 5:12am
- | Joined Nov 2011 | Status: Trader | 2,104 Posts
I observe your reality but live my own. 
- #54,205
- Sep 12, 2012 5:13am Sep 12, 2012 5:13am
- | Joined Nov 2011 | Status: Trader | 2,104 Posts
made some nice amount of cash with last spike, gonna look for another entry
I observe your reality but live my own.
- #54,209
- Sep 12, 2012 5:24am Sep 12, 2012 5:24am
- Joined Oct 2009 | Status: Whn Market Warms u..U keep it Kool | 6,578 Posts
- #54,211
- Sep 12, 2012 5:39am Sep 12, 2012 5:39am
- | Joined Nov 2011 | Status: Trader | 2,104 Posts
I observe your reality but live my own.
- #54,212
- Sep 12, 2012 5:40am Sep 12, 2012 5:40am
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
"I know one thing, that I know nothing." Sokrates
- #54,213
- Sep 12, 2012 5:51am Sep 12, 2012 5:51am
- Joined Oct 2009 | Status: Whn Market Warms u..U keep it Kool | 6,578 Posts
120 pips up from today's low. Another joyful face ripping rally with no end in sight.
- #54,214
- Sep 12, 2012 5:52am Sep 12, 2012 5:52am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
FML... anyone watching Merkels speech?
Germany’s Merkel:
Germany’s sending a strong signal to Europe
Court ruling gives security to taxpayers and the Bundestag
Germany’s started this year ‘robustly’
First steps to boost european competitiveness and resolve the Euro crisis have been taken
Those countries in crisis must begin by starting to solve their own problems first
Rejects joint debt liability in the Eurozone
Every institution including the ECB has its own responsibilities
National bank oversight is not sufficient, welcomes proposals on EU banking oversight, ECB can’t be expected to oversee all
Backs ECB plan due to strong conditionality
Must push on with economic and political union in the Eurozone
EU integration doesn’t yet suffice
Sees ECB role as supportive of German policy
Sees talks of closer Eurozone union before December
Must accept that some states don’t want a transaction tax
Need to back Spain on its reform path
Germany must be the motor for international finance regulation
A balanced German budget is within reach
Demographic challenges will be the major theme of years to come
Will hold a German demographic ‘Summit’ on October 4th
Those who say it cannot be done should not interrupt those who are doing it
- #54,215
- Sep 12, 2012 5:55am Sep 12, 2012 5:55am
- | Joined Nov 2011 | Status: Trader | 2,104 Posts
"Requests include asking employers to increase staff working hours up to 78 hours a week, a reduction in redundancy notice periods from the current 4-6 months and an increase in retirement age to 67 from 65.
This is expected to raise Eur 1 bln in savings"
http://www.forexlive.com/blog/2012/0...nds-on-greece/
As if that's going to happen!
This is expected to raise Eur 1 bln in savings"
http://www.forexlive.com/blog/2012/0...nds-on-greece/
As if that's going to happen!
I observe your reality but live my own.
- #54,217
- Sep 12, 2012 6:06am Sep 12, 2012 6:06am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
I still don't get it with USD being bashed but USD/CAD sits around 0.9720 - 0.9730 regardless of Crude price and EUR/CAD rallies 130 pips from yesterday.
PT, could you please explain this?
"The market is warped"
Okay now the serious answer.
Facts:
The market's perception of the Eurozone has changed from "Imminent collapse" to "No imminent collapse" causing euro shorts to cover hard. (Euro Positive)
The market is convinced that the Fed is going to launch another round of QE so the USD is getting bashed as capital flows from zero net yield US Fixed Income to higher yield EZ periphery bond markets and global equity markets. (USD Negative, EUR positive EM and Equity positive)
The ones who are still not sure about Europe are seeing Japan and Canada as safer havens than the US due to the unresolved fiscal issues in the US which led to a negative outlook rating by Moodys recently and S&P last year. (CAD positive, JPY positive)
The sun will rise tomorrow. (PT positive)
Fiction:
The Eurozone debt crisis has been resolved
Greece will not default again
By next year, we will have a United states of Europe and issue Eurobonds
The US Dollar is going to collapse due to lack of fiscal reforms.
The Fed is going to launch another round of QE tomorrow.
Those who say it cannot be done should not interrupt those who are doing it
- #54,219
- Sep 12, 2012 6:16am Sep 12, 2012 6:16am
- Joined Jun 2012 | Status: ケンジ | 21,416 Posts
Yep.. I can explain it in four words.
"The market is warped"
Okay now the serious answer.
Facts:
The market's perception of the Eurozone has changed from "Imminent collapse" to "No imminent collapse" causing euro shorts to cover hard. (Euro Positive)
The market is convinced that the Fed is going to launch another round of QE so the USD is getting bashed as capital flows from zero net yield US Fixed Income to higher yield EZ periphery bond markets and global equity markets. (USD Negative, EUR positive EM and Equity...
- #54,220
- Sep 12, 2012 6:19am Sep 12, 2012 6:19am
- Joined Aug 2010 | Status: A M S | 1,019 Posts
Yep.. I can explain it in four words.
"The market is warped"
Okay now the serious answer.
Facts:
The market's perception of the Eurozone has changed from "Imminent collapse" to "No imminent collapse" causing euro shorts to cover hard. (Euro Positive)
The market is convinced that the Fed is going to launch another round of QE so the USD is getting bashed as capital flows from zero net yield US Fixed Income to higher yield EZ periphery bond markets and global equity markets. (USD Negative, EUR positive EM and Equity...
finding A M S