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PipTrapper commented Sep 11, 2011We shall see what happens when Japan starts up. Keep in mind that they have not had a chance to react to some of Friday's events.
Merkel allies break taboo with Greek default talk
- PipTrapper commented Sep 11, 2011
Scotia Capital must be short the USD/JPY. Totally crap advice. Obviously self serving.
How to Trade Extreme Risk Aversion
- PipTrapper commented Sep 11, 2011
The meltdown continues. Expect a little bounce to as high as 1.3625 area before continuing its downward projection. But I wouldn't count on the bounce going that high. I only mention it because it is Friday's swing low.
Merkel allies break taboo with Greek default talk
- PipTrapper commented Sep 11, 2011
JR: I fear those last words may also apply to the Euro. Just replace Maximilian with EUR and replace Mexico with Europe. The Euro's last words were "I forgive everyone, and I ask everyone to forgive me. May my blood which is about to be shed, be for ...
Growing Consensus That Greece Default Imminent Undermines EU, Global Markets
- PipTrapper commented Sep 11, 2011
AW, Apply that to the SNB pseudo-pegging.
China New Lending Rises 13.5% in August to 548.5 Billion Yuan, PBOC Says
- PipTrapper commented Sep 11, 2011
Yes there is. Everyone is positive the Euro is in deep kaka.
Germany May be Ready to Surrender in Fight to Save Greece
- PipTrapper commented Sep 11, 2011
Ehem... According to Wikipedia, Maximilian's last words were "I forgive everyone, and I ask everyone to forgive me. May my blood which is about to be shed, be for the good of the country. Viva Mexico, viva la independencia!" Source: url
Growing Consensus That Greece Default Imminent Undermines EU, Global Markets
- PipTrapper commented Sep 11, 2011
One more thing you should know. There may be a clear difference in our trading styles. My trades typically run for more than a day, sometimes as long as 3 months, depending on the trend or absence of it. However, if I were into intraday trading, I ...
Swiss names pummeling EUR/USD
- PipTrapper commented Sep 11, 2011
I don't know guys. Maybe you're on to something but it's certainly not something I would get involved in. I don't trust Central Bankers. They are the worst manipulators of currencies. I prefer working with the irrational sentiment of the market. At ...
Swiss names pummeling EUR/USD
- PipTrapper commented Sep 11, 2011
Bounce or reversal? It matters not. Currently the technicals and fundamentals point to the upside. The sentiment is probably still neutral on USD but the sentiment for the other side of the pairs (EUR, GBP, JPY) is currently negative. Therefore, ...
Will the Dollar Take a Break?
- PipTrapper commented Sep 11, 2011
I place my bets on the first option.
China New Lending Rises 13.5% in August to 548.5 Billion Yuan, PBOC Says
- PipTrapper commented Sep 11, 2011
The Euro still has a chance to survive this if there is political will and full cooperation from the ECB. However, based on the results from the G7 meetings, the future looks very bleak. Perhaps if China would like to someday own some European ...
Greece rejects talks of default
- PipTrapper commented Sep 11, 2011
Regardless of whether or not the SNB can control the exchange rate, for now trading any of the major CHF pairs amounts to gambling (or if you prefer, crystal balling). Therefore it is a redundant discussion
Swiss names pummeling EUR/USD
- PipTrapper commented Sep 11, 2011
Ok Willf, I'll give you that. You are quite right. However, as JollyRoger mentioned, which I agree wholeheartedly, when something goes terribly wrong, the pendulum swings the other way and not to the extreme of the same direction.
U.S. demands action from Europe's strongest at G7
- PipTrapper commented Sep 10, 2011
Remember how much drama was broadcasted by the media in the two weeks leading up to the deadline for the US debt ceiling crisis? Well now we will have the same thing happen with Greece until a bailout pkg is committed to or until Greece exits the ...
Will the Dollar Take a Break?
- PipTrapper commented Sep 10, 2011
AaronWard, Right you are. I should have placed a QE3 caveat in my statement.
Greece rejects talks of default
- PipTrapper commented Sep 10, 2011
At this point, I place my bets on the USD in the medium to long term.
Greece rejects talks of default
- PipTrapper commented Sep 10, 2011
About as long as the last Yen intervention lasted. 7 days. OK maybe 14.
Swiss names pummeling EUR/USD
- PipTrapper commented Sep 10, 2011
Exactly. The euro is really going to hurt if this is the case. Possibly par in the short term. For now I am targeting 1.31. However, if it turns out that a solution is found that the markets are comfy with, then it could all turn around and give a ...
No number will be given on debt swap take-up on Friday
- PipTrapper commented Sep 10, 2011
A one world currency will never work without a one world government. A one world government is not something that will materialize in our lifetime as it requires peace, cooperation and a common objective on a global scale. Therefore, your claim that ...
U.S. demands action from Europe's strongest at G7