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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
As the situation escalates I do not bet on EUR down rather up. This bunch of lazy idiots has no choice but to put money on the table.
http://www.youtube.com/watch?v=yRX1fyshW3c&feature=related
ANY LEAK FROM G20 ON CAPITAL RESERVES OR AS U SAY THEY WONT SAY IT NOT TO CREATE PANICK ON MARKET.
http://www.youtube.com/watch?v=sqQYdshX3_M
IMF DRACHMA WORKSHOP
You won't hear any clear ruling , any resolution from G20 about bank reserve
and you won't hear any yes or no on Gr bailout. Instead we will do all what we can
as soon as possible. Considering the high leverage especially of German banks
and their wide interest rate swap biz , any tightenig / increment of reserves would hit EUR.
But it will not be decided in this G20 summit. In terms of interest rate swaps ECB cannot hike funds rate
else it would risk bankruptcy of hundreds of communities, and FED will not hike but will continue tightenig. There is no reason for EUR to drop. Most possibly I'll be long EUR vs USD and GBP.
Ashraf
watch out for gaps but these are prelim levels http://chart.ly/dhxw4q
Ashraf