Cesarnc's market talk, gossips, rumours & fun

Touch it!

Minute man (is that a scalper?)

lol, cheers. But you've got the weather I was in Noosa a couple of months ago, loved it! More than usual. Swam every day, nice people, great food. Only downside was I said I wasn't going to trade, and sneaked out to get wifi to see what the market was doing, knowing full well I wasn't going to place a trade without constant internet. Wife says i'm a sado, and shes right

Mornin'

So greek story to start the day....

If an erasure of Greek debt held by the euro area would be too dangerous for stability in Europe, reduce interest rates paid by the country asphyxiated could bring a breath of air, said Wednesday, Nov. 14 in Athens Director Director of the Institute of International Finance (IIF), Charles Dallara.
"I believe that debt cancellation by the official sector, on the way that private creditors were, it would ignite the powder in Europe. This is not the time," he told Greek bankers the head of the organization, based in Washington, representing the largest banks in the world. While the IMF is pushing for the Europeans agree to erase a portion of the Greek debt they hold, Dallara gave an impassioned plea at institutional lenders of the country to seek solutions " unethical "to save Greece, and ensure the stability of the global financial system.

He has called on the EU and IMF to loosen the grip on the country budget, whose GDP has dropped late December by nearly 20% since the beginning of the crisis. "What the formal sector should be a priority is to reduce interest rates" that Greece must pay both the old loans as possible future loans, called Dallara.

"DEBT IS NO LONGER IN THE HEART OF THE PROBLEM"

"This is the eurozone and the International Monetary Fund to find the right mix" between lower interest rates and extended maturities, he said, referring also the possibility of granting interest-free loans, such as the IMF already does for some countries in difficulty. This proposal had been raised yesterday by the German finance minister, Wolfgang Schäuble.

Dallara negotiated last winter with the Greek government on behalf of private banks, intentional deletion of a portion of the sovereign debt (107 billion euros) they held. According to him, "the debt is no longer at the heart of the problem" Greek. "This is the growth that the focus should be," he said, estimating that the country especially needs a "relaxed pace" of the budgetary adjustment to allow a breath of oxygen and revive its economy.

Dallara has clearly put pressure on the IMF to make an extra effort. "The IMF should not simply reduce the rate but it should also find ways to increase its own financial contribution," he said. He also called on the European Investment Bank to be creative to help Greece revive its economy.

Dallara felt "it was time to recognize that austerity alone condemns not only Greece but the whole of Europe to the likelihood of a painful era with little or no growth."

The IIFI played a pivotal role in the negotiations on the restructuring of Greece's public debt which led to an agreement in March to erase a portion of debts to private creditors. Banks, insurance companies and other investors who held some 206 billion euros of bonds issued by the Hellenic State has granted a discount of 53.5% on the face value of their shares as part of this "PSI agreement" ("private sector involvment").

RECESSION MARKED

This change in discourse appears more justified that the Authority Greek statistics published Wednesday, 14 November alarming indicators for the third quarter, indicating a contraction of gross domestic product (GDP) of 7.2% a year the third quarter of 2012. This contraction, greater even than that of 6.3% recorded in the previous quarter, was announced three days after the adoption by the members of the proposed 2013 budget once again dominated by austerity measures should weigh on the economy next year.

The country is the fifth consecutive year of recession. Since 2009, the gross domestic product (GDP) fell by about Greek 20%, a "Great Depression" which laid off more assets in four. For analysts, the latest indicators could herald a further deterioration of the situation because the figures for the third quarter are expected to have been supported by the summer peak of activity in the tourism sector.

Traveling in Malaysia, the Executive Director of the International Monetary Fund (IMF), Christine Lagarde, said on Wednesday hoped a "real solution" to the debt of Greece astronomical, not a "cheap solution". The director is simply pleased that all partners countries share "the same goals and the same desire" to allow consolidation of Greek finances.

Stressing again its commitment to Greece to find a sustainable debt level, Lagarde is not returned to the differences in perspective with the euro area on the date on which Greece should reduce its rate public debt at 120% of GDP. The Eurogroup plans to push it to 2022, while the IMF prefers to keep the deadline of 2020.

.......Nice dswk thanks

cool videos Jay thanks

some music...

Some art...

http://www.treksinscifi.com/babedail...a_Cuthbert.jpg

Yes, rarely any complaints about the weather up north
Do you live in NZ?

The All Blacks make the Wallabies ("Wannabies" if you ask me), fairdinkum look like a bunch of Soccer players just looking for another way to hurt themselves. It's a fucking disgrace

Today’s orderboard (forexlive)
Written by Pete Jackson
November 15, 2012 at 08:19 GMT

EUR/USD: Bids 1.2700/10, sell stops below and through 1.2680, ahead of bids 1.2650/60 (daily cloud base 1.2653) and tech support at 100 day MA of 1.2647, ahead of more bids 1.2600/10 (1.2605- 50% of 24/7-17/9 rally). Offers 1.2775/85 buy stops above through 1.2785

GBP/USD: Tech pivot level 200 day MA at 1.5850, Bids 1.5835/45, sell stops below ahead of bids 1.5800/10 and tech supp 1.5790 (50% fibo of June-Sept rally). Offers 1.5855/65 and 1.5800/00 (cloud base 1.5900) buy stops through 1.5915.

EUR/GBP: Offers 0.8040/50, buy stops above. (Tech res above around 200 day MA at 0.8082). Bids 0.8030 down to 0.8000, more bids 0.7985/95, larger down at 0.7960/70. (79.64 100 day MA). Sell stops below.

USD/JPY: Bids 80.50/60 and from 80.20 down to 80.00, (tenkan line 80.01). Offers 80.80/00 from exporters (81.00=barrier), buy stops through 81.10 ahead of 81.45/50 (Apr 27 highs 81.45, 61.8% fib retracement at 81.50) . Tech res above 81.70/80

EUR/JPY: Offers 103.10/20 and larger up at 103.40/50. Buy stops above ahead of offers 103.90/00. Bids 102.80/00, possible sell stops just below ahead of more bids 102.40/50 and 102.00/10, sell stops below.

AUD/JPY: Bids 83.00/10 (tenkan line 83.03) and 82.75/85. Offers 83.70/80 and 83.90/10 buy stops above through 84.15 ahead of 84.70/80 (April 13 high 84.80)

AUD/USD: Offers 1.0380/00, some buy stops above ahead of offers 1.0440/50. Bids from 1.0345/55 from Sovereigns, real money down to 1.0400) ahead of tech supp/bids 1.0320/35 (daily cloud base 1.0332, 200 day MA 1.0323) and large bids 1.0300/10.

EUR/AUD: Offers 1.2300/15 (o/n high 1.2312), tech res 61.8% 1.2360, ahead of major tech res 200 day MA at 1.2410. Bids 1.2270/80 with likely sell stops through 1.2250


Btw seem a boring trading day ahead....

Piters - hope its good morning for today - thinking of 2825 for the day - what's on your cards P

mythic... and i need to wake up myself today... so listen them LOUD !!!

Yeah, haven't made the move to Monaco just yet I wonder how long Robbie Deans is going to stay on as coach. Great when he was at Canterbury, but a shocker with the Wallabies. I'll watch the England v Aust. game this weekend.Should be good.

EUR/USD Ticks Higher, Bolstered By Rehn Comments
By Gerry Davies || November 15, 2012 at 09:43 GMT

We’re at 1.2768 having been as high as 1.2773 after upbeat Rehn comments hit the wires.
As aforementioned, talk has sell orders clustered 1.2775/85, light buy stops above there.

from forexlive.

Hi all,

Green Pips for everyone..hoho

Hi... welcome back.
I've took a long on USDCAD @ 1.00086 stop only 15 pips....
and 1 short roro @ 1.2767. will quit this position soon.
will see...

I Buy AUDUSD @ 1.3321 stop 15 pips too

reason : 2 bullishts patterns :

He's done his best with us, but there is only so much you can do with a bunch of soft cocks who only give it a shot when they have nothing to lose (ie. in the last 20 mins of any game against NZ in the last 10 years when we are already behind on the scoreboard) or in a dead rubber game when the tournament has already been lost.
Seriously makes me sick...

We get hailed as heroes for a fighting "comeback" spirit in the last 15-20 mins, when the first 60 mins of bullshit rugby got us behind in the first place.

Anyway, once we grow some balls, get some pride or just go back to being an amateur game for love not money, I might smile again

Sorry, It just pisses me off.

Bring back the 80's when we had the same team for about a decade and knew how to play rugby

Short Roro

Green Pips for u Sir

Hello Sir bback,

Hopes everything fine there ya and family



Stay health


Cheers