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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
GBP long
CHF long
while CHF is already getting much stronger, GBP trades require patience and experience.
Germany's backbone of economy is collapsing at a fast rate.
In the typical small biz belt around big cities "for sale" signs pop up everywhere. The univocally Merkel-dedicated media report
the facts 100, 400, 3000 jobs lost ...but blame the entrepreneurs
for misconcepts etc. never the simple fact that the real available income is rapidly dwindling. Except the income of Schauble's clientel the 1.7 million extremely well paid officials.
http://www.ft.com/intl/cms/s/0/1820324c-7d0b-11e2-8bd7-00144feabdc0.html
http://www.forexlive.com/blog/2013/02/22/forexlive-italy-election-special/
dolce vita clichee sticks but is not longer true. Berlusconi still has the media power and widely underestimated there are hundreds very popular private local radio stations more on the side of the anti austerity unions.
In case of deadlock I assume a selloff of italy bonds and rising yields. Close all open fx trades. Cyprus elections also to watch.