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1999 Posts Total by "cat0nip":
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cat0nip
(Frankfurt, Germany)
72 Posts by Anonymous "cat0nip":
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cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
May 18, 2011 20:09
In Thread: EUR
I wouldn't go long on a pos trade ... look the USDx chart ...i don't say uptrend but 75.5 holds
while eurx struggles to hold . Once the FOMC dust settles Greece and Portugal back in focus.
Already next week I suppose.
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
May 18, 2011 19:56
In Thread: EUR
FOMC surprise favors rate hike before asset sale...exit strategy...USDx jumps eur strenghts tumbles but not too much (yet)
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
May 18, 2011 16:52
In Thread: EUR
EUR relative strength jumped after ECB rejected Greece restructuring. However still no solution presented. Take care FOMC may surprise as FED may pause after QE2. Then USDx jumps and EURUSD tumbles.
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
May 17, 2011 11:57
In Thread: EUR
ecofin members all of them high IQ ( greater 25) continue to babble conflicting messages
"haircut light" is followed by " bailouts did not work therefore Gr needs more bailout money"
best can do is don't trade eur pairs . Stunning how deep JPY relative strength fell in asia trade.
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
May 16, 2011 21:38
In Thread: USD
despite poor data NY maufacturing and even worse TIC purchases USd reslatve strength rallied back to 75.7 in NY pm session. Ecofin tomorrow critical for further direction of Eur. Stay sideline.
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
May 15, 2011 16:25
In Thread: EUR
With Strauss Kahn impeded, a slave to Merkel will temporarily be replaced by John Lipsky.
Positive for Eur is to let those members of the common currency go bankrupt which are bankrupt and stop transfers. Could be monday after a further drop below 1.4 EURUSD could recover if Lipsky tells Merkel to shut up and to take lessons in basic arithmetics.
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
May 15, 2011 10:14
In Thread: EUR
IMF head Dominique Strauss-Kahn dragged off a plane on his way to Berlin to emergency meeting with financial super brain Merkel, remains in police custody ( Strauss-Kahn, unfortunately not Merkel) in NY.
While technical analysis of relative price charts such as EUR/USD is utter nonsense ( can 1:1 be replaced with coin flipping) TA of a relative strength chart of EUR makes more sense.
This chart of EUR relative strength looks VERY bad by TA method.
Supports were broken on friday and next level indicates another 5% loss in relative strength.
Provided the relative strengths of USD and JPY remain unchanged, EURUSD will fall below 1.4
and EURJPY below 112 tomorrow.
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
May 13, 2011 7:39
In Thread: EUR
GDP quarterly France & germany above consensus did not change Euro relative strength although Eonia raises sharply possibly indicating ECB hike June. Market considers leading economcal indicators, these are very poor - industrial orders crashed. EURUSD now fully determined by USD relative strength. Watch Tnotes 5y 10 y yields these indicate USD rs weakness.
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
May 10, 2011 16:48
In Thread: EUR
much confusion from ECB Merkel .... Eur relative strength shows no strength as it appears only clear what will not be considered in greece case...that solves no problem.
Only scalping possible long term pos may go dead wrong.
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
May 9, 2011 21:35
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
One has to admit GS calls were eventually precise . Now GS made a long call on wti and brent and it works ,too. What is going on at GS?
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