Log in

Group activity

  • JohnLast commented on the blog Prechter: the trend is exausted 4415 days ago
    I found another video from 14 September of Prechtor on another blog. I really doubt too much in the abilitity of the so called market gurus to make better predictions than anybody else.  Imagine that you can completely figure out a 4 trillions...
  • JohnLast commented on the blog Katy Lien is short on EurUsd 4479 days ago
    From Katy Lien   Thin liquidity has meant quite a bit of volatility for the EUR/USD  today. The euro fell steeply during the European trading session, recovered during the first half of the shortened North American only to...
  • londontrader commented on the blog God damn Oanda is loosing money 4480 days ago
    http://imageshack.us/photo/my-images/214/oanda2.png/
  • londontrader commented on the blog God damn Oanda is loosing money 4480 days ago
    u know oanda got the highest number of loosers in september $14 million,compared to other brokers who got around $2m loosers,fxclubgot traders were in a $1m profit,  no wonder theres occupy wall street ,occupy oanda who was on the other side...
  • londontrader commented on the blog God damn Oanda is loosing money 4480 days ago
    politicians are corrupt,i hear that hes got invested 8million dollars one mutual fund lol where would he get that kind of money he was only a college proffesor,and now a president earning around 400 000  a year,lol not 8m ayear and...
  • JohnLast commented on the blog God damn Oanda is loosing money 4480 days ago
    You know what when for the first time I read this my eye was somewhat wrong. My mind got Obama is loosing money.Which one is true after all. LOL.  
  • londontrader commented on the blog God damn Oanda is loosing money 4481 days ago
    lol,with the spreads
  • JohnLast commented on the blog God damn Oanda is loosing money 4482 days ago
    Do not worry they will cover it.
  • londontrader commented on the blog Katy Lien is short on EurUsd 4482 days ago
    haha
  • londontrader published a blog post God damn Oanda is loosing money 4482 days ago
    2 weeks ago ,oanda clients were loosing like hell,right now they are right ,and oanda is loosing,their clients have been spot on for the week,it explains that marketmakers arent always right
    Comments
  • JohnLast commented on the blog Katy Lien is short on EurUsd 4483 days ago
    OK I will not swear I promise.  
  • londontrader commented on the blog Katy Lien is short on EurUsd 4483 days ago
    john please dont swear against my future employers,,lol faken scam bags.
  • JohnLast commented on the blog Katy Lien is short on EurUsd 4483 days ago
    LOL
  • francisfinley commented on the blog Katy Lien is short on EurUsd 4483 days ago
    that made me chuckle out loud ahahah!!
  • JohnLast commented on the blog Katy Lien is short on EurUsd 4484 days ago
    mother fuckers
  • francisfinley commented on the blog Katy Lien is short on EurUsd 4484 days ago
    goldman publish something and take the opposite side.
  • JohnLast published a blog post Katy Lien is short on EurUsd 4484 days ago
    Katy Lien is short on EurUsd
    Comments
    • JohnLast 4483 days ago

      OK I will not swear I promise.

       

    • JohnLast 4479 days ago

      From Katy Lien

       

      Thin liquidity has meant quite a bit of volatility for the EUR/USD  today. The euro fell steeply during the European trading session, recovered during the first half of the shortened North American only to plunge near the close following news that S&P downgraded Belgium.  Short squeezes rarely last on thin volumes days and this is particularly true when fundamentals factors are stacked high against a rally in the euro.  Over the past 48 hours, we have heard nothing but bad news out of Europe. S&P downgraded Belgium, Fitch downgraded Portugal, Moody’s downgraded Hungary and Italy’s bond auction was a dismal failure that drove 10 year Italian bond yields to a record high and the EUR/USD  to its lowest level in 7 weeks. This morning, Italy sold six month bills at a record yield of 6.5 percent and zero coupon bonds at an average yield of 7.814 percent.   In response, 10 year Italian bond yields rose high of 7.322 percent, a painfully expensive level for Italy to borrow. We have warned that one of the most immediate consequences of rapidly rising bond yields are downgrades by rating agencies. We already saw how much damage lower ratings for smaller countries such as Greece, Belgium, Portugal and Hungary can have on euro.  A downgrade of Italy or France would surely drive the EUR/USD  below 1.30. European officials need to act quickly if they want to prevent Spanish yields from rising to Italian levels and to save Italy from paying more than 8 percent to borrow. Italian bond yields are moving into very dangerous territory and if nothing is done to reverse the rise in borrowing costs, we could get fall into a vicious cycle where borrowing costs rise, triggering more downgrades which then cause yields to increase further and the euro to slide deeper into negative territory.

      Eurobonds: Quick Solution?

      There is a “quick fix” according to ECB member Paramo, through the issuance of Eurobonds but we all know how Germany feels about the idea. Not only is it impossible under the current EU Treaty which is not as much of problem, since Germany and France are open to Treaty changes but the Germans vehemently oppose jointly guaranteed Eurobonds which would drive their borrowing costs significantly higher as Eurozone debt is collectivized.  German Chancellor Merkel has been unwavering in her opposition to the bonds even after a failed auction earlier this week. She may have no choice in the matter if the crisis escalates but if Germany agrees to the issuance of the bonds, it would only be with strict rules imposed on EZ nations to limit their debt and deficit and impose sanctions if they do not meet the requirements. In the meantime, we believe the Germans would more readily support increasing their EFSF commitments before issuing Eurobonds. 

      Like the U.S., Germany also has a number of important economic releases on the calendar next week including confidence numbers, retail sales and employment but the headlines will be what matters. A number of European officials are speaking next week while EU Finance Ministers meeting in Brussels to discuss ways to end the crisis. 

      From Katy Lien:

  • jaguar1637 commented on the blog Spanish Bonds 4487 days ago
    yep May be Pesetas will be back : ooooooooooooooooppppppppppppppppsssssssssss
  • londontrader commented on the blog Spanish Bonds 4489 days ago
    haha,good one john, australian banks do not hold any greek bonds,so im insulated against the colds however they do own stock in euro banks and are trading partners,so it can impact us
  • JohnLast commented on the blog Spanish Bonds 4489 days ago
    It is pretty scary. Our Bulgarian Finance minister told at our medias. We are in a deep shit in Europe, all the forecasts are for a recession. The inner message was: We would do whatever we can do, do not expect anything all that  is a...