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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
comedy show they perform in Berlin
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.
At the moment the market may think it is comedy. It is not banker speak. No banker would say hey you think its bad but I tell you it is beyond worse. So it must be a joke. But perhaps Merkel eventually going to resign ... or is the strategy to confuse the markets ?