EURUSD - Trends, Forecasts and Implications (Part 3) - page 515

[Alexander Mostovnek]

margaret:
In 28 minutes...

OK =)

[Alexander Mostovnek]

Thoughts so far....

[Alexander Mostovnek]

So, tomorrow is the final rise and in the evening we will start to fall.

Although we may finish the rise at night and start the fall in the morning... Monthly candle closes today...

[margaret]

2011.03.31 17:32:03 *Lack of capital for Irish banks - €24bn
2011.03.31 17:33:39 *Central Bank of Ireland: AIB's new capital needs could be as high as €13.3bn
2011.03.31 17:33:46 *Central Bank of Ireland: EBS needs up to EUR 1.5 bn in new capital
2011.03.31 17:35:12 *Central Bank of Ireland: BoI could need up to EUR 5.2 bn in new capital
2011.03.31 17:36:03 *Central Bank of Ireland: New capital requirements for IL&P could be as much as €4.0bn

[[Deleted]]

margaret:
2011.03.31 17:32:03 *Irish banks' capital shortfall is €24bn

will the eur drop?

[Alexander Mostovnek]

Alex_K:
will the euve fall?

No. Not today.

[margaret]

2011.03.31 17:37:29 *In US trading, stock indices continue to fall after Irish bank stress test results, DJIA -15 points

[[Deleted]]

margaret:
Analysts at RBC Capital Markets expect Irish banks to need between €15bn and €25bn. 10bn of the Bank of Ireland's €35bn allocation has already been used. The RBC believes that if the published value is within the mentioned range, there will be no impact on the euro. The value above EUR 35bn, which is unlikely, will have a strong negative impact on the European currency, while any figure below EUR 15bn will not give any confidence to the market.

I take it the news should have no impact))

[margaret]

Alex_K:
I take it the news should have no impact))

Correctly understood.

[[Deleted]]

So maybe not even a couple of tens of points down today? Up?