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- hanifs commented Oct 19, 2011
Sarkozy seems to be sure about the plan. It seems Merkel isn't.
French Pres Sarkozy: Europe is at a “crucial moment”
- hanifs commented Oct 19, 2011
So much negative news on the Euro and it's still much higher than where it should be. I think the main driver is the dollar here.
According to EU officials, no deal has yet been reached to scale up the size of the Eurozone...
- hanifs commented Oct 18, 2011
Well at least the "big bazooka" has been priced in. After a few grenades on Sunday, it should be clear path down.
France and Germany ready to agree €2tn euro rescue fund
- hanifs commented Oct 18, 2011
Has anyone told Merkel about this? Perhaps Sarkozy is trying to save his skin.
France and Germany ready to agree €2tn euro rescue fund
- hanifs commented Oct 18, 2011
Indrek, thanks for the advice. A little late for me now.
France and Germany ready to agree €2tn euro rescue fund
- hanifs commented Oct 18, 2011
Don't know what to believe now! One moment there is a deal the other there isn't! Very difficult to trade.
France and Germany ready to agree €2tn euro rescue fund
- hanifs commented Oct 18, 2011
Not really clear on the statement but it suggest to me Merkel will be more happy approving the 8b due to Greece than any other matter. She is further moving away from the 'Grand Plan' at the 23rd meeting.
German coalition sources: Chancellor Merkel notes the EU summit is to decide on a work plan...
- hanifs commented Oct 17, 2011
Right. The big boy is reporting. This statement will now feed into automated trading and risk is now definately off.
Berlin: don't dream summit will solve euro crisis
- hanifs commented Oct 17, 2011
Why hasn't Reuters, Bloomberg, CNBC reported this important news on their site? I wonder....
German finance minister:EU summit will not present final solution for crisis
- hanifs commented Oct 17, 2011
Another nail in the coffin of Euro? But hang on, we should see a rally! Basically Bundesbank is telling rest of eurozone not to come to Germany for any more bailout money-they cannot afford it.
Bundesbank: Outlook for Q4 2011 has deteriorated further
- hanifs commented Oct 17, 2011
My understanding is that rise in euro drives up risk trading in equity and not the other way round.
German finance minister:EU summit will not present final solution for crisis
- hanifs commented Oct 17, 2011
There you go! All this talk about markets "optimistic about a deal" has been a cover up. The euro is going up due to stresses in french banks. Ironically, the banking situation in euro is getting worse but is pushing the euro higher. Only matter of ...
German finance minister:EU summit will not present final solution for crisis
- hanifs commented Oct 17, 2011
True, but we are talking about relative values here. I do not have an idea what German exporters as a whole deem competitive value for the Euro. Germany is trying to see if keeping Greece and other distressed countries in Euro is more cost effective ...
Portuguese government forecasts the economy will contract more than previously estimated
- hanifs commented Oct 17, 2011
This market is so screwed! For what it's worth, analysts on Bloomberg and CNBC are now actually talking about disappointment next Sunday (EU leaders "bazooka"). Shouldn't the euro be falling now? I think there are other forces at work in boosting ...
European Stocks, U.S. Index Futures Climb
- hanifs commented Oct 17, 2011
You are right. Because Germany produces high end products, they can get away with a stronger currency for export. The rest of Europe suffers as they have to compete with China and USA.
Portuguese government forecasts the economy will contract more than previously estimated
- hanifs commented Oct 17, 2011
Another negative headline for the euro, but expect the currency to strengthen! At this rate, they will have to start talking about second Portuguese bailout. Europe needs a weaker currency not a strong one. A strong euro only benefits USA and China ...
Portuguese government forecasts the economy will contract more than previously estimated
- hanifs commented Oct 17, 2011
I think Wulfgar is being cynical but unfortunately it's coming true. Whatever negative factors you throw at the EURO, and there seems to be plenty, it seems determined to go up regardless. There was an excellent article on Zerohedge which said that ...
Moody's says the collapse of Slovakian government is credit negative
- hanifs commented Oct 14, 2011
The markets are illogical at the moment - the EUR should be going down. I heard an analyst from Daiwa Bank this afternoon saying even the best plan they have at the moment (the Allianz plan) to leverage the EFSF won't please the markets. There is ...
Barriers tumble
- hanifs commented Oct 14, 2011
Seems like she is trying to move the agenda away from the Eurozone troubles...
Merkel: G20 to discuss regs, too-big-to fail banks