1.2235 is a good support.. look for initial bounce from there.

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Constant Continuous Intervention: image

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Ecb in next one hour.

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Summer vacation.. funds and bank traders take leave and go on holidays.. you can literally notice less people walking on Wall Street..

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Thin volume.. markets are officially in summer trade.. expect smaller daily candles and range trading till September.

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We will have to wait and see..

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Thats great.. if we get a close above 127.45 than we are heading for a gap fill in 130.75 area..

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A Greek news paper reported that about 2 bln euros in deposits returned to Greece banks since the election.

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Their is too much political risk in EU.. even if all the problems of Greece is solved, EU will never be the same after all the bickering we have seen.. irrecoverable damage is done to its reputation.

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Every govt is dumping its euro reserve and buying usd to maintain its fx reserve .. thats why dollar is strong.. it has nothing to do with fed policies or QE3..

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Hedge funds did pre-2007 .. they were dominant players and shaped the market.. not anymore.. its central banks and governments portfolio that affect the market these days..

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Levels and trade opportunities in this week: url

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June - Month ending levels: image

Mauve Journal

From what I know PASOK has changed its stance after the results, they are now saying they would 'prefer' to have Syriza in coalition, but anyhow can join ND because they don't want Greece to remain 'ungoverned'. The rhetoric that 'We wont join ...

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I dont expect any QE before the elections either, but after the last week's big manufacturing contraction and barrage of poor data since the NFP at the beginning of this month I am expecting something in FOMC statement this Wensday.. they cant ...

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We are not going anywhere before the FOMC later this week.

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With 151 seats needed to get a majority New Democracy fell short of just 21 seats. They now have to form a coalition within the next three days to have a 'government' and their only choice will be PASOK. ND 129 seats Syriza 71 Pasok 33 Independent ...

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Austerity measures in Greece: TAXATION Taxes will increase by 2.32bn euros this year, with additional taxes of 3.38bn euros in 2012, 152m euros in 2013 and 699m euros in 2014. A solidarity levy of between 1% and 5% of income will be levied on ...

Mauve Journal

I dont know who Rogers or Schiff are but I am definitely not in any rush to be the smarter than them. I have said it 100 times before to 'I hate America' fixated people like you that it is not just economics that defines a global currency, I will ...

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Lets be relevant. I do not give a flip which currency was a reserve currency in year 1400 when we didn't even had electricity. A sack of rice was probably a better reserve than reserve 'currency' ... Anything before Industrial Revolution is a Saga ...

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