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PipTrapper commented Sep 14, 2011As long as SP500 index remains under 1200 and just creates another lower top in overnight futures trading, that will put a cap on the euro. I suspect that this afternoon's SP500 rally is no more than window dressing. Actually it is already starting ...
All agreed Greece will remain part of the Eurozone despite recent rumours, Greek government...
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PipTrapper commented Sep 14, 2011It means that the eurozone will now lend more money to Greece so that in all likelihood the eventual Greek default will be harsher. Euro is rising because of USD pressure as US equities breathe some relief that Greece will remain in Eurozone. This ...
All agreed Greece will remain part of the Eurozone despite recent rumours, Greek government...
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PipTrapper commented Sep 14, 2011Guest 25.156, You, I and surely many others can see the flag. However, please don't assume that everybody sees it or even knows what it means. Besides, as long as it is still building a flag, both a continuation downwards and a reversal upwards are ...
EUR/USD Seen Completing a Flag Pattern
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PipTrapper commented Sep 14, 2011Jolly, When I started writing that, the Austrian news had not hit yet and the price was still up at 1.3690 area. See how things can change quickly? lol Anyway, it seems to be recovering. Let's see how it plays out. Perhaps as you said... tomorrow.
EURO Bleeding Persists
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PipTrapper commented Sep 14, 2011DragonFire, Today should tell the story. We are now possibly in the third day of failing to maintain a break above 1.37 If we manage to do it today, then that's finally a sign of a decent retrace. The way the charts are looking right now, 1.3875/85 ...
EURO Bleeding Persists
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PipTrapper commented Sep 14, 2011That is what one calls a "Classic" technical report based solely on S/R levels, Fibo levels, Trend Lines and RSI. It is not supposed to offer any indication of sentiment. Only technical information to help you decide where to enter or exit should ...
EURUSD: Triggers Recovery, Aims At The 1.3835 Level
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PipTrapper commented Sep 14, 2011This tells me nothing new. Sarkozy is only saying what he has to in his attempt to calm investors and hopefully sway them away from making a run on French banks.
Spokeswoman: Pres Sarkozy told cabinet France will do everything to save Greece
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PipTrapper commented Sep 14, 2011I suppose it is an indication that at least 2 euro area banks are desperate enough to pay 1% for 7 days because they cannot obtain the funds in the primary market. It supposedly is an indicator of how bad the situation has become... but then we have ...
Two Euro Area Banks Make Use of ECB 7-Day Dollar Tender
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PipTrapper commented Sep 14, 2011The cause of the Bear Stearns failure was very similar to what is happening in Greece. It is called over-leveraging without taking event risks into account. A huge gamble based on greed. Bear Stearns did not get bailed out because they were a victim ...
What happens after a Greek default
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PipTrapper commented Sep 14, 2011They have to say that. If they restructure the Greek debt, they will have to do the same for all the other distressed states. Each state has to take responsibility for its own fiscal woes. All the EZ needs now is for one of them (Greece) to default. ...
European Commission: Orderly restructuring of Greek debt is an illusion
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PipTrapper commented Sep 14, 2011Unfortunately it looks like Greece is going to be used as the sacrificial lamb and allowed to eventually default in order to send a very clear message to the other distressed states that the bailout mechanism will no longer be used to help those ...
What happens after a Greek default
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PipTrapper commented Sep 14, 2011The machines that host the majority of HFT systems are parked in buildings next door to the exchanges. That is their advantage. Therefore, HFT will have very little or no impact on a transatlantic cable.
The $300m cable that will save traders milliseconds
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PipTrapper commented Sep 13, 2011Wednesday 7pm in Athens, 6pm in Frankfurt, 5pm in London, 12pm in New York
Merkel, Sarkozy Conference Tomorrow Key For Greece and EUR
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PipTrapper commented Sep 13, 2011Oh come on both of you. Unless you've already lived in the future, built a time machine and came back, there is no way you can know with 100% certainty what will unfold in that conference call. Even if what they talk about and agree to doesn't ...
Merkel, Sarkozy Conference Tomorrow Key For Greece and EUR
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PipTrapper commented Sep 13, 2011Hey, don't be divulging my strategy.

China Called On as Lender Amid Italy Crisis
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PipTrapper commented Sep 13, 2011Ah yes. Sorry about that. I guess I was so far in hypothesis land that there was no reality to it at all. lol
Sarkozy spokesman says rejects report on Franco-German initiative