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Posts by "stationdealer"
750 Posts Total by "stationdealer":
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Posts by Anonymous "stationdealer":
JUst hearing Russia seller of EUR/USD in recent trade.
Right what other nuggets we got from Angela
Greek aid plan is about the future of Europe and Germany in Europe
Without us there can be no decision which is economically sustainable
Europe is at a fork in the road on question of Greek aid
Greece has pledged to take the toughest measures on its deficit
There is no alternative to backing Greek aid for the stability of the euro zone (doesnt that somewhat contradict headline?)
Aid must come to avoid risk of contagion
We must curb speculation on markets
Conditions on aid package for Greece have been met
Banks must not shirk responsibility in helping Greece
Banks must keep credit lines open to Greece
We should heed IMF advice against international financial market transaction tax
We should heed IMF advice in favour of taxation of bank pay and profits
We need more regulation on derivatives, hedge funds
Need more economic and financial policy coordination in Europe
EU budget deficit sinners should suffer temporary loss of voting rights
RBA decision might well be a buy-the-rumour-sell-the-fact event and that is exactly what it turned out to be. AUD/JPY and AUD/USD falling hard and with rate rises now likely on hold for a few months, the focus might turn to the riskier aspects of the AUD trade.
The Bank of England learned to their cost that you cannot stand in the way of the FX market and now the SNB are trying to hold the EUR/CHF above 1.4320. Have a look at any hourly chart. An 8 pip range for 3 sessions in a row. This is what happened in GBP/DMK back in late 1991 before it collapsed, ever tightening intraday ranges and then when the BoE pulled their bid the pair went into vertical freefall.
This is obviously a different situation but nevertheless if the SNB suddenly disappears, watch out for a big black hole.
not selling either as I suppose there Fridays join Eurozone gov's unanimous decision will get it back up to 13270 and then once they get their first payment from IMF it can take it further up.
Further exports are declining again, retail sale will give clearer picture end of second quarter(from mostly summer sales) about the real inventory, spending and purchase cost scale. Interest rate will remain constant this year which i can be certain of while i suspect ECB and BOE to raise 25bp close to the end of 3rd quarter. Political out of the election in UK will not hinder much GBP's rise back up to 160 within this year.
But certainly the recent Greece crisis did make dollar haters focus their balance of attention off US and on to euro. Even this will not carry on for long as note circulation for euro usually gets it back up in demand automatically.
With gold just $10 short of touching $1200 price level and DX creating a new high and GBP being lowest its ever been in many many year along with EUR. Does the Gold price action somehow reflected on Dollar, gives you the real value of Dollar. Would like to hear your thoughts on that.
Plus is there a chance that the ECB and BOE may raise interest rates 25bp before the end 3rd quarter.
Frankfurt, Germany
May 4, 2010 06:02 ET
"Volker Kauder, the parliamentary head of Chancellor Angela Merkels Christian Democratic Union, called for the possible orderly insolvency of European states as consequences follow from the Greek crisis."
This can be taken very negatively by markets and big hedge fund will be ever so opportunist to start sell euro again aggressively
With gold just $10 short of touching $1200 price level and DX creating a new high and GBP being lowest its ever been in many many year along with EUR. Does the Gold price action somehow reflected on Dollar, gives you the real value of Dollar. Would like to hear your thoughts on that.
Plus is there a chance that the ECB and BOE may raise interest rates 25bp before the end 3rd quarter.