08 may 2012 13: 49 GMT basic titles
-Traders billion stop Wall Street hedge funds - Bloomberg
-Euro nearly three months at the bottom of the concern of the Greek Branch - Bloomberg
-Surprise Netanyahu gives the Grand Israel Coalition - Reuters
-L'Europe faces new Test Greek - WSJ
-New French Test is parliamentary election - WSJ
Summary of European Session
The difficult political climate across Europe beginning to effect snowball. With London closed for a public holiday yesterday, producing more currencies and correlated with the risk of assets includes all losses at the end of the session of the fairness of the U.S. species. However, with this liquidity in the market today, it is clear that the end rally Monday was a dead cat bounce, and that the concerns raised about Europe who spent a few days are very real. To say that the disadvantage of the correlation between the risk is limited would be ignorant has it is clear that most of the market participants are fully prepared and so shocked by the political developments in Greece.
While I have previously rejected the Greece as a "ship" happened, the elections of last weekend were the catalyst necessary to deliver the Greece to the map (because in reality, if the new democracy and PASOK kept a grip on Parliament, the elections would be a non-event). After the failure to form a coalition Government yesterday, Antonis Samaras, head of the new democracy Alexis Tsipras of Syriza party was responsible for forming a new decision-making body. The leader of the left party, said today that the results of the elections made the agreement of rescue with the European troika - the European Commission, the Central Bank European and Monetary Fund International-"null and void," Noting that Greeks have end of "austerity" additional. " In addition, in what may be just grandstanding, Mr. Tsipras said that the new democracy and PASOK would go back on its promises of austerity to the troika if they want to form a coalition Government with the Syriza. If no coalition is formed new elections will be held, probably in June, which should give a greater participation of parties anti-austerity as the Syriza.
Why do these Greek games of subject political chicken? While Fitch Ratings this morning said that a Greek exit from the Euro zone would be "bearable", the ramifications of the contagion are what keeps investors at night. If the Greece is leaving, that wants to say that Portugal Won't? Will there be a restructuring of the debt? To be paid first, if anyone at all? The debt is repaid in Euros or in a new currency, such as the Drachma in the case of the Greece? These are questions which were not and not answer until time;. and the absence of a preventive response by the heart of Europe has left the region in a fragile place for the coming weeks.
Take a look at credit, Italian 2-year notes lead gainers, with performance 2.736% down. Meanwhile, in the rest of the periphery, the image is not so optimistic, with notes of 2 Irish and Portuguese years 25, 2 - bps, respectively, to the yields of 4.872% and 6.751% and reduced base-22, 7 points.
AUDUSD 5 min chart: 8 may 2012
Graphing with Marketscope - prepared by Christopher Vecchio
The Japanese Yen has been the interpreter to top the day, earn 0.10% against the Dollar, which is very recalled how the USDJPY made during the height of the crisis of the Euro area last fall. The EURUSD is also lower, having depreciated by 0.35 percent and moving under 1.30. The Australian Dollar was the worst performer, shedding of 0.69% on the Dollar.
24-Hour price Action
Level (s): 13: 00 GMT
So far, on Tuesday, the Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) is higher, trade 9961.56 at the time when this report was written, after opening at 9927.77. The index traded just above, with 9967.65 top and bottom to 9927.77.
-Traders billion stop Wall Street hedge funds - Bloomberg
-Euro nearly three months at the bottom of the concern of the Greek Branch - Bloomberg
-Surprise Netanyahu gives the Grand Israel Coalition - Reuters
-L'Europe faces new Test Greek - WSJ
-New French Test is parliamentary election - WSJ
Summary of European Session
The difficult political climate across Europe beginning to effect snowball. With London closed for a public holiday yesterday, producing more currencies and correlated with the risk of assets includes all losses at the end of the session of the fairness of the U.S. species. However, with this liquidity in the market today, it is clear that the end rally Monday was a dead cat bounce, and that the concerns raised about Europe who spent a few days are very real. To say that the disadvantage of the correlation between the risk is limited would be ignorant has it is clear that most of the market participants are fully prepared and so shocked by the political developments in Greece.
While I have previously rejected the Greece as a "ship" happened, the elections of last weekend were the catalyst necessary to deliver the Greece to the map (because in reality, if the new democracy and PASOK kept a grip on Parliament, the elections would be a non-event). After the failure to form a coalition Government yesterday, Antonis Samaras, head of the new democracy Alexis Tsipras of Syriza party was responsible for forming a new decision-making body. The leader of the left party, said today that the results of the elections made the agreement of rescue with the European troika - the European Commission, the Central Bank European and Monetary Fund International-"null and void," Noting that Greeks have end of "austerity" additional. " In addition, in what may be just grandstanding, Mr. Tsipras said that the new democracy and PASOK would go back on its promises of austerity to the troika if they want to form a coalition Government with the Syriza. If no coalition is formed new elections will be held, probably in June, which should give a greater participation of parties anti-austerity as the Syriza.
Why do these Greek games of subject political chicken? While Fitch Ratings this morning said that a Greek exit from the Euro zone would be "bearable", the ramifications of the contagion are what keeps investors at night. If the Greece is leaving, that wants to say that Portugal Won't? Will there be a restructuring of the debt? To be paid first, if anyone at all? The debt is repaid in Euros or in a new currency, such as the Drachma in the case of the Greece? These are questions which were not and not answer until time;. and the absence of a preventive response by the heart of Europe has left the region in a fragile place for the coming weeks.
Take a look at credit, Italian 2-year notes lead gainers, with performance 2.736% down. Meanwhile, in the rest of the periphery, the image is not so optimistic, with notes of 2 Irish and Portuguese years 25, 2 - bps, respectively, to the yields of 4.872% and 6.751% and reduced base-22, 7 points.
AUDUSD 5 min chart: 8 may 2012
Graphing with Marketscope - prepared by Christopher VecchioThe Japanese Yen has been the interpreter to top the day, earn 0.10% against the Dollar, which is very recalled how the USDJPY made during the height of the crisis of the Euro area last fall. The EURUSD is also lower, having depreciated by 0.35 percent and moving under 1.30. The Australian Dollar was the worst performer, shedding of 0.69% on the Dollar.
24-Hour price Action
Level (s): 13: 00 GMT
So far, on Tuesday, the Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) is higher, trade 9961.56 at the time when this report was written, after opening at 9927.77. The index traded just above, with 9967.65 top and bottom to 9927.77.
No comments:
Post a Comment