@Lucky: Had my doubts about that short you took, but (without knowing your exact entry) it should be somewhat in the money as I write this. Don't know about 1226 though.
Now they've pushed it up this far, surely it's going to turn again and reach, and exceed, 1250 before very long.
As part of his statement, he said the UK had to reduce domestic consumption, and increase exports ... could be interpreted as part of his talking-down the pound ploy.
Credit to Ashraf here: He has said many times that whenever King speaks, Sterling falls. Warning also in today's IMT. (This could have changed this time, in the event of the new government, but evidently not).
Not that well [cable], considering the Con-LibDem coalition looks like it's going through. UK TV commentators are saying though that "the markets" are now looking a bit more closely at the UK's debt, which has of course taken 2nd place to the Eurozone issues recently.
@Stationdealer: I was not really getting at you, but it is the normal convention in web forums, as elsewhere, when quoting a piece of text, to give your sources (very easy when it is direct from the web), or to say whom or what you are quoting, or at least to put it in quotes to show that you _are_ quoting. Otherwise we don't know what is supposed to be your opinion, or your own research or whatever, and what is someone else's. Common sense, surely?
"cud [sic] have been useful to someone" - certainly, and even more useful if they know the source, so they can go look at it for themselves and read further, if they choose to, and also understand the context.
Robert Peston | 07:21 UK time, Monday, 10 May 2010 "
[...] "...So it'll provide comfort to those lending to - for example - Portugal, Ireland and Spain that there's a de facto guarantee from France and Germany behind the IOU's issued by Portugal, Ireland and Spain.
Three important caveats however.
The actual loans and guarantees may turn out to be harder to deliver than the words of comfort from eurozone government heads.
Second, EUR750bn is just over one-year's new borrowing by eurozone members and a bit more than 10 per cent of eurozone government debt. So it's certainly not enough if investors were to start to lose confidence in the ability of some big countries - such as Spain or Italy - to honour their debts.
Which takes us to the import third caveat. In the end, there won't be a cure for the underlying eurozone strains unless and until the record, unsustainable deficits of some eurozone members are reduced in a permanent way."
"Germany proposed on Sunday evening the establishment of a comprehensive plan of financial aid can be used for countries in the euro area, totaling 500 billion euros and involves the IMF, told AFP European diplomatic source. "Germany has put on the table a proposal of 500 billion euros," she said. It would include 60 billion euros in loans from the European Commission, he was in the last day, and 440 billion would accrue if necessary, the euro zone countries and the International Monetary Fund. This envelope would be established "bilateral loans, collateral for loans and lines of credit from the IMF," the source said. It would be in scale, if the subject of an agreement, an assistance plan is unprecedented in history. Uhm, we have one simple question - where will the money come from? The EUR is surging currently on the kneejerk, although for all those who realize that the next step in this now entirely Federal Reserve mandated playbook is debt monetization, it provides just a good re-shorting opportunity. Of course, before our own Maestro Junior finds a new and improved way to pummel the greenback."
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(11 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(11 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(11 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (11 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (11 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (11 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(11 months ago)
إستعمال تحليل الإنترماركت والتحليل الفني الكلاسيكي لتداول الذهب و الناسداك و السندات. شاهد هنا
Using intermarket technicals analysis to trade XAUUSD Nasdaq100 and Bonds.Watch here.
Latest Hot-Chart - May 16
Dax 200 DMA Deviation
You remember we went short Dax40 in late March based on the 13% 200 DMA extension, which gave us at least a 500-pt gain.
View Hot-Chart..
Now they've pushed it up this far, surely it's going to turn again and reach, and exceed, 1250 before very long.
Warning also in today's IMT.
(This could have changed this time, in the event of the new government, but evidently not).
UK TV commentators are saying though that "the markets" are now looking a bit more closely at the UK's debt, which has of course taken 2nd place to the Eurozone issues recently.
"cud [sic] have been useful to someone" - certainly, and even more useful if they know the source, so they can go look at it for themselves and read further, if they choose to, and also understand the context.
I think it could soon break ~1226-7. After that, I'm not sure.
http://www.zerohedge.com/article/european-banks-now-feverishly-betting-against-euro-bailout-fails-gold-surges
Deja vu all over again.
http://www.bbc.co.uk/blogs/thereporters/robertpeston/2010/05/eurozone_crisis_is_postponed.html
"Eurozone crisis is 'postponed'
Robert Peston | 07:21 UK time, Monday, 10 May 2010 "
[...]
"...So it'll provide comfort to those lending to - for example - Portugal, Ireland and Spain that there's a de facto guarantee from France and Germany behind the IOU's issued by Portugal, Ireland and Spain.
Three important caveats however.
The actual loans and guarantees may turn out to be harder to deliver than the words of comfort from eurozone government heads.
Second, EUR750bn is just over one-year's new borrowing by eurozone members and a bit more than 10 per cent of eurozone government debt. So it's certainly not enough if investors were to start to lose confidence in the ability of some big countries - such as Spain or Italy - to honour their debts.
Which takes us to the import third caveat. In the end, there won't be a cure for the underlying eurozone strains unless and until the record, unsustainable deficits of some eurozone members are reduced in a permanent way."
http://www.zerohedge.com/article/eu-pulls-out-nuclear-option-proposed-500-billion-euro-bail-out-package-largest-history
"Germany proposed on Sunday evening the establishment of a comprehensive plan of financial aid can be used for countries in the euro area, totaling 500 billion euros and involves the IMF, told AFP European diplomatic source. "Germany has put on the table a proposal of 500 billion euros," she said. It would include 60 billion euros in loans from the European Commission, he was in the last day, and 440 billion would accrue if necessary, the euro zone countries and the International Monetary Fund. This envelope would be established "bilateral loans, collateral for loans and lines of credit from the IMF," the source said. It would be in scale, if the subject of an agreement, an assistance plan is unprecedented in history.
Uhm, we have one simple question - where will the money come from? The EUR is surging currently on the kneejerk, although for all those who realize that the next step in this now entirely Federal Reserve mandated playbook is debt monetization, it provides just a good re-shorting opportunity. Of course, before our own Maestro Junior finds a new and improved way to pummel the greenback."