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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
montmorency
Abingdon, UK
Posts: 610
14 years ago
May 9, 2010 23:51
And of course Zerohedge has its own particular take:
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."


montmorency
Abingdon, UK
Posts: 610
14 years ago
May 9, 2010 23:40
For what it's worth:
http://news.bbc.co.uk/1/hi/business/8669488.stm

""We will defend the euro whatever it takes. We have several instruments at our disposal and we will use them," Mr Barroso told a news conference afterwards. "

"Germany's Chancellor, Angela Merkel, said the mechanism would send a "very clear signal" to market speculators to back off. "

Shane
Lahore, Pakistan
Posts: 209
14 years ago
May 9, 2010 23:35
In any case eurgbp indicates either eur is going up or gbp is going down short term.
Shane
Lahore, Pakistan
Posts: 209
14 years ago
May 9, 2010 23:31
Planning to go short aud rather than eur or gbp. I will go short GBP if it rallies above 1.50 as i dont believe a conservative and lib dem govt even if formed will last long. A minority govt is more likely or labour and lib dem coalition cannot be ruled out aswell however still will try to take any short term correction to the downside in euro.
Shane
Lahore, Pakistan
Posts: 209
14 years ago
May 9, 2010 23:28
Thanks dejellal
i got out with small profits, i dont think so we will have any reliefs soon, however i am doing it very safe moving my sl to break even after 10 pips.
djellal
LAUSANNE, Switzerland
Posts: 531
14 years ago
May 9, 2010 23:26
big bailout package was accepted at brussel
djellal
LAUSANNE, Switzerland
Posts: 531
14 years ago
May 9, 2010 23:03
look cfd US30 and oil on the upside
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
May 9, 2010 22:37
consider dax long went already long banco santander when it was cheap howver it doesn't look much like a relief rally
djellal
LAUSANNE, Switzerland
Posts: 531
14 years ago
May 9, 2010 22:31
with my short term long eur Iwill take long position on cfds' cac dax ftse, too tomorrow morning
djellal
LAUSANNE, Switzerland
Posts: 531
14 years ago
May 9, 2010 22:21
on eurtry 298 pips spreads like last thursday