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

EUR

Discuss EUR in this thread
 
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catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Jul 20, 2010 18:46
Hum...I don't know whether at all cajas i.e. savings banks participated in the stress test
Daniel Gros director of Centre for European Policy Studies (CEPS) in Brussels just stated in an interview MOST CAJAS are not involved ... only a few caixas, that is mergers of cajas, are and they need 4.5 bln EUR immediately. According to Gros, the very rest of cajas must be bailed out with about EUR 100 bln. Gros however sees the most "fog" in large banks of France
Source Tages-Anzeiger, Zurich, of today Jul 20, 16:00 ECT

Chartvuze
salisbury, UK
Posted Anonymously
14 years ago
Jul 20, 2010 18:37
Does anybody know who is actually responsible for administering the stress on test on the banks?

If the examiners have anything to do with the EU then I think it will simply be a useless exercise,

to many people in the EU are desperate for it not to fail, call me cynical.

Good Luck Out There
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Jul 20, 2010 18:28
LINK TO Spanish paper article saying NO spanish bank has failed stress tests

Spanish Economics Ministry Salgado saying NONE of the banks & Cajas has failed the tests.
http://www.elpais.com/articulo/economia/Salgado/avanza/banco/espanol/suspende/examen/UE/elpepueco/20100720elpepueco_9/Tes

Ashraf
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Jul 20, 2010 18:10
FX is unwilling to play the risk aversion trade. Although stocks remain down and continue to show only modest improvements, FX unwilling to buy USD and JPY more aggresively.

Ashraf
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 20, 2010 17:02
Seems to be finding support around 1.2840-70 zone. Daily trend line holding for now.
Qiman
United States
Posts: 237
14 years ago
Jul 20, 2010 15:32
Yes, I agree Ashraf, was thinking only of small pip down moves intraday in conjuction with overall risk moves, should've clarified. Friday could bring just about anything . . .
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Jul 20, 2010 15:24
Qiman, i wouldnt want to be short EUR ahead of Friday. If anything, theres room for buying below 1.2850 for 1.2950. Weekly EURUSD still loooks good.

Ashraf
Qiman
United States
Posts: 237
14 years ago
Jul 20, 2010 14:45
Thanks for this update Ashraf, if EURUSD is seen supported at $1.22770 trend line support, it seems there might be room for some shorting before friday, will be watching for this possibility. I could also see a short uptrend along with the s and p later today.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Jul 20, 2010 14:22
latest IMT on EURUSD BoC
http://www.ashraflaidi.com/forex-news/

Ashraf
Stationdealer
London, UK
Posts: 715
14 years ago
Jul 20, 2010 13:05
CAT why so glum on EURO my friend? It just gave an easy 150 and can likely shed some more price levels now that it has triggered some stops. Right now Im not that worried that Euro will go higher, what concerns me that end July mid Aug Euro may not be suggesting a clear break.

Remember July Aug are just slow month, but euro and gold seem to be two significant instruments giving good returns so why not trade them.
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