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International markets traders banter

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Doesn't it look ill, almost no warning either, one nasty candle after the 24000 and then boom, down she goes...

CanOz
 
CanOz said:
Doesn't it look ill, almost no warning either, one nasty candle after the 24000 and then boom, down she goes...

CanOz
Click to expand...

Yeah its been real nasty selling too. I was thinking about my comment that it has seemed bot free lately. I'm pretty sure there is less Arb Bots locking it up than there was a few months ago but what if the Hedgies are now running bots so good they look like old school mongrels?? Why fight the prop traders when you can get them onside and work with them?? Now that would be a smart bot.

 
notting said:
There is the huge population of 1 million is cyprus, how many of those who have over $100,000 in the banks, which is what is going to be taxed, would be so small it's a joke.
Click to expand...

What about the impression this gives to other smaller EURO nations?

if Im a local Spaniard with money in the bank I'd be getting pretty nervy.

Risk off pretty hard today, only outlier being gold which rallied early but then reversed through the day.
 
Just listening to the Bloomy, basically this is the only solution. If they don't approve this there could be one Bank go under straight away, total loss of deposits and another one shortly after.

It could be a better deal than the alternative.

Markets looking to open down 2% according to the spread betters...

I don't think it will be too bad, until its voted on.

CanOz
 

I think it'd be worse if they voted against it. At the end of the day the average citizen is screwed either quickly via the deposit tax, or slowly over time via higher taxes / lower welfare payments. Obviously the slow medicine seems more palatable but the effect is the same ultimately.

I posted an article on the Cyprus thread.

We should see calm in our markets by tmr and then prob buying by Wed lunch.
 
Bond yields are up...

 
I had it rough in the markets today.

Total 6 trades placed in AUDUSD. First 5 trades all losers.

Sixth trade I caught long at 70% of full size, 1.0352 almost perfectly on the current intraday swing low. Just covered 80% of my position now which paid off all my losers and got a tiny parcel left over to run, with stop at 1.0353.

:bonk:
 
Just to clarify, my style is generally to pick the middle of a movement rather than the tops or bottoms so this was almost certainly luck on my part, I found today to be rather exhausting.
 
Sheeish its getting ugly in euro land. ...... and i'm getting cut to bits in honkers!!
 
Trembling Hand said:
Sheeish its getting ugly in euro land. ...... and i'm getting cut to bits in honkers!!
Click to expand...

Woo hoo, bring it on...

In the middle of script updates on Ami so totally blind at the moment:scratch:
 
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