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PipTrapper commented Sep 21, 2011Nobody wants to be holding equities or USD right now. They cannot buy CHF or JPY due to intervention. So what's left? Yep, Gold and Euro. Besides, the Euro bears are waiting for the 1.40 handle before shorting. Let's see what happens after the Fed ...
EUR/USD Forecast: Bears Still in Charge Ahead of FOMC Statement
- PipTrapper commented Sep 21, 2011
Nobody wants to be holding equities or USD right now. They cannot buy CHF or JPY due to intervention. So what's left? Yep, Gold and Euro. Besides, the Euro bears are waiting for the 1.40 handle before shorting. Let's see what happens after the Fed ...
Alan Greenspan's Fed Haircut
- PipTrapper commented Sep 21, 2011
I like that. I may change it. lol
Greece bailout: Cabinet meets to discuss faster cuts
- PipTrapper commented Sep 21, 2011
If you lost money on that spike, your broker should refund you the loss.
Fat Finger The Culprit For USD/CHF Gap
- PipTrapper commented Sep 21, 2011
I see. That explains why 4 out of 5 forex traders lose money.
One in Five Americans Thinks God Controls the Stock Market
- PipTrapper commented Sep 21, 2011
My cat walked on my keyboard not long ago and now the euro is trading over 1000 pips lower. OMG Tiger, what have you done?
Fat Finger The Culprit For USD/CHF Gap
- PipTrapper commented Sep 21, 2011
Only if the Fed increases its balance sheets or drops the rate further. Otherwise, you will see a short term USD rally and EUR tailspin.
EUR/USD Forecast: Bears Still in Charge Ahead of FOMC Statement
- PipTrapper commented Sep 21, 2011
He will resign on Friday after New York session close so as to not shock the markets.
Italian Minister says no chance Italian PM Berlusconi will resign today
- PipTrapper commented Sep 21, 2011
You are short the euro, right? Then say thank you
Dealer talk Austria to be placed on watch negative
- PipTrapper commented Sep 21, 2011
Better the devil you know.
EFSF Won ‘Big Majority’ in German Committee, Koschyk Says
- PipTrapper commented Sep 21, 2011
Think about it. First they bitch and complain about the ECB buying up Italian and Spanish bonds, then they vote for the expansion of the EFSF which will eventually have to do what? Buy up Spanish and Italian bonds? Perhaps even Portuguese and Irish? ...
EFSF Won ‘Big Majority’ in German Committee, Koschyk Says
- PipTrapper commented Sep 21, 2011
LOL. Not that I know of but we may just be witnessing a true story as it unfolds.
Greece bailout: Cabinet meets to discuss faster cuts
- PipTrapper commented Sep 21, 2011
AW: The expansion of the EFSF is not necessarily about bailing out defaulting countries like Greece. Such bailouts still have to be approved by those providing such funds, such as the IMF, ECB etc. Rather it is about bailing out banks who take a big ...
EFSF Won ‘Big Majority’ in German Committee, Koschyk Says
- PipTrapper commented Sep 21, 2011
Jolly, This is copied and pasted from the internet. It is an interesting parody to the Greek bailout idiocy. Enjoy.
There’s a famous story involving the Persian philosopher and fool-figure, Mullah Nasrudin. One day, he was watching the Sultan of ...Greece bailout: Cabinet meets to discuss faster cuts
- PipTrapper commented Sep 21, 2011
I like that. I also like this one... I don't remember the exact words, so I will paraphrase: "A politician who lies, cheats and steals to get elected, will undoubtedly maintain those same practices to remain in office"
GOP Leaders Warn Bernanke About Further Fed Action
- PipTrapper commented Sep 21, 2011
It has been recently said by a guest economist on CNBC (I don't remember who) that the clear difference between the Fed and the ECB is that the Fed believes that growth promotes stability and the ECB believes that stability promotes growth. Two very ...
Bundesbank say rejects IMF proposal to expand ECB bond-buying
- PipTrapper commented Sep 21, 2011
With Trichet at the helm of the ECB (for now anyway), according to his track record, nobody is going to distract him from following the ECB mandate of "price stability in the medium term". If the ECB believes that more bond buying fulfills that ...
Bundesbank say rejects IMF proposal to expand ECB bond-buying
- PipTrapper commented Sep 21, 2011
latest austerity measures which have supposedly already been sanctioned by the Troika via conference calls over the last two days.
According to a Greek official, Greek government due to announce measures later today
- Submitted Sep 20, 2011|From cnbc.com|36 comments
Top Congressional Republicans Tuesday took the unusual step of telling the Federal Reserve to refrain from further "intervention'' in the economy on the eve of a policy decision by the U.S. central bank. "It is not clear that the recent round of ...
- PipTrapper commented Sep 20, 2011
Benny also said that the next FOMC meeting will be extended to two days instead of one in order to fully explore what additional tools the committee may use in executing its dual mandate. Therefore there is a sense in the market that Benny may ...
Euro dithers as FOMC anticipation grows