FOREX - Trends, Forecasts and Implications (Episode 16: June 2012) - page 321

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forte928:
aud is getting close to a good failure...
You're a godsend.
 
Vlad72:
your words to God's ears
I've been salting for two weeks now... Even in the bathroom and the sink...))
 
Serg51:
Exactly for the time being. And at the beginning of the week was where?
Since 21.06 the trend is down. Meaning the global trend. Intraday does not always coincide with the global.
 
strangerr:
http://www.teletrade.ru/analytics/review/2796831
Investors seem to be climbing the wall with an endless sense of uncertainty. The single currency is expected to decline at the beginning of the week; on Thursday, however, it may corrective growth by closing short positions before the outcome of the summit is published. It is safe to say that in case there are no positive decisions, the euro will continue its downward movement.
 

The EUR/USD pair is trading around the magnetical $1.2500 mark on Wednesday. At Tuesday's debt auction, Spanish and Italian short-term yields rose reflecting investors' doubts about the ability of EU leaders to reach any constructive agreements at the upcoming summit (June 28-29). The situation calls for swift action, but even if some decisions are made at the summit, it will take some time to implement them. Meanwhile, German Chancellor Angela Merkel said yesterday that "as long as she is alive" there will be no single bond issue. In response to Merkel's intransigence, Egan Jones, the UK rating agency, downgraded Germany from AA- to A+ with a negative outlook. In addition, do not forget about Greece: According to the forecasts of the Greek Centre for Planning and Economic Research, its GDP is expected to decrease by 9.14% in the third quarter.

Thus, some analysts believe that what we are witnessing now is the calm before the storm. Be prepared, and don't say we didn't warn you.

 
Europe: European leaders will meet at an EU summit - the first since the Greek parliamentary elections on 17 June. The country's new prime minister, Antonis Samaras, will not be able to attend the summit as he is prescribed rest for the next eight days after undergoing recent eye surgery. Much of New Democracy's electoral success was due to Samaras promising to do all he could to negotiate the easing of austerity measures, to which Greece was obliged by its creditors, without ending the country's much-needed financial aid. Famous billionaire investor George Soros warns that if the region's leaders disagree over fiscal policy is not resolved in the coming days, the summit could end in total failure. In addition, Italy will attempt to sell 10-year government bonds. The results of the auction will have a very strong effect on market sentiment. The yields on the securities will indicate how confident the market is about the determination of the European authorities and their ability to beat the crisis.
 
 

RBS analysts are confident that Angela Merkel will remain adamant: the introduction of Eurobonds could prove extremely unprofitable for Germany's economy. UBS analysts, however, are somewhat more optimistic: in their view, Merkel will oppose issuing single bonds until she has control over the fiscal policy of all eurozone governments. Analysts add that as Germany's presidential election approaches (October 2013), the currency bloc's largest economy will care less and less about its troubled neighbours.

In ING's view, should the risks in Europe remain at the same level after the summit, the ECB will be forced to take the hit: an interest rate cut at the July 5 meeting is becoming more and more likely. However, everyone understands that the region's economy can't hold on to cheap loans forever. Analysts at Standard Chartered believe that the break-up of the Eurozone is not a myth and could indeed happen if the political will to preserve the union fails. On Monday, the legendary investor George Soros made a disturbing statement: according to him, a decision should be taken by June 28 to create a single fund that would contain the debt level in troubled countries in exchange for their reforms. The financier holds Germany fully responsible for the possible collapse of the currency bloc.

 
khorosh:
The trend has been down since 21.06. Meaning a global trend. Intraday does not always coincide with the global.
From 5.06 to 21.06 was up. Now count how many times the trend "changed" during this month. It turns out to be 2. And there are months that are less constant. And which trend is the friend? It is ..... (Khrushchev's words)) ).
 
margaret:
Investors seem to be climbing the wall from an endless sense of uncertainty. The single currency is expected to decline at the beginning of the week; on Thursday, however, a correction is possible due to the closing of short positions before the release of the summit results. It is safe to say that in case there are no positive decisions, the euro will continue its downward movement.

Thanks Margaret, that's all well and good, except that she is not going anywhere in earnest yet)))) That's why I'm not really pussyfooting around.
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