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- hanifs commented Oct 21, 2011
The alternative short squeeze as hope has run dry in Europe ahead of the meeting.
Dollar on the dive
- hanifs commented Oct 21, 2011
Some great power out there is really determined not to let the USD strengthen at any cost.
Dollar on the dive
- hanifs commented Oct 20, 2011
What's DPA? And I don't believe they will meet so quickly afterwards.
Second EU Summit May Follow Later Next Week, DPA Reports
- hanifs commented Oct 20, 2011
I think it's just robots trading at the moment, jumping from one headline to the next....
Euro summit statement: the leaked draft
- hanifs commented Oct 20, 2011
Must be the same official who said earlier this week a deal has been done on EFSF leverage to 2t?
Senior EU sources say unaware of any plan to postpone Sunday's EU leaders' summit
- hanifs commented Oct 20, 2011
EU officials are usually the last people "to get it". So I wouldn't take what EU says seriously. However, this may not prevent the EUR spiking up....
German govt official says: Not excluding postponement of EU summit
- hanifs commented Oct 20, 2011
I think G20 will go ahead. However, Germany will come out fighting and defensive to show who is the boss in Europe. Does "kicking the can down the road" ring a bell?
German govt official says: Not excluding postponement of EU summit
- hanifs commented Oct 20, 2011
Germany and Finland are feeling cornered and we all know the feeling! Great idea to cancel, let the EUR drop.
German govt official says: Not excluding postponement of EU summit
- hanifs commented Oct 20, 2011
Looks like France will get money from EFSF to recapitalise it's banks after all. If there is any money left....
Bank recapitalisation via EFSF a last resort -document
- hanifs commented Oct 20, 2011
Looks like we will end up with more complicated funding scenario for the EFSF leverage. Unless they start changing the EU treaties which will not happen by Sunday.
German finance minister: EFSF leverage by ECB is ruled out
- hanifs commented Oct 20, 2011
But hasn't ECB been dishing out money in the secondary bond markets? It has not been tough here hence the German resentment. The problem is if they get very tough there will be unorderly default so all hell will break loose. ECB is there to preserve ...
Guidelines document: EFSF will be able to buy bonds on secondary market
- hanifs commented Oct 20, 2011
There are also rallies 1 hour before the US markets close. Talk about fixed markets!
Euro rallies broadly on EFSF guidelines document
- hanifs commented Oct 20, 2011
If I recall from yesterday, leveraging will need to first pass through the German parliament and they are in no mood to hand out any more money. It could be dead in the water.
Barroso Expresses Optimism Pact Is Achievable on EFSF Leveraging
- hanifs commented Oct 20, 2011
If the FED gets involved, there will be revolution in US. American public don't care about Europe-they have their own issues. Europe needs to find it's own solution.
Guidelines document: EFSF will be able to buy bonds on secondary market
- hanifs commented Oct 20, 2011
It also suggests, perhaps, that there is shortage of EUR compared with USD. Once, we know at the weekend where the money is coming from (EFSF leverage and bank capitalisation), EUR may drop if they decide to print fresh money.
Guidelines document: EFSF will be able to buy bonds on secondary market
- hanifs commented Oct 20, 2011
I am just very confused about sharp reactions up but very slow progress downwards even though there are terrible news out of Europe. Is there something we retail traders don't know that Institutional traders do? Some insider trading going on?
Guidelines document: EFSF will be able to buy bonds on secondary market
- hanifs commented Oct 20, 2011
In fact from the fine print they seem to have tightened the conditions. This is "made in Germany" written all over it.
Guidelines document: EFSF will be able to buy bonds on secondary market
- hanifs commented Oct 20, 2011
The market is showing it's desperation for any positive news on the EUR. This is hardly new. They have been saying this all along if I am not mistaken.
Guidelines document: EFSF will be able to buy bonds on secondary market
- hanifs commented Oct 20, 2011
Four words, "shore up it's banks" but huge task. If only. These people must be long on the EUR.
Why You Should Prepare For a Big Risk Rally
- hanifs commented Oct 20, 2011
We all know Brussels has dictatorial tenancies and this is just one example. The people worst affected by this ban would be small retail traders like us since we would have no clue what the rating of a country is.
EU Could Bar Ratings Firms From Issuing Reports On Members In Crisis