4032.00. What´s been resistance "should" become support...or not ? Let´s see.
Short DAX at 7740
- Thread starter ASusilovic
- Start date
High frequency trading de luxe first 15 min ES trading. 
German Chancellor Angela Merkelâs government is considering a plan to take over toxic bank assets until they mature, enabling lenders to avoid massive write-offs while dodging adding to bailout funds, three people familiar with the proposal said.
The recommendation by a government panel co-chaired by Deputy Finance Minister Joerg Asmussen and Deputy Economics Minister Walther Otremba aims to circumvent pricing the assets, according to the people, who spoke anonymously because details have yet to be provided to lawmakers. Lenders would âparkâ the holdings in a state-controlled âbad bankâ until maturity, betting a market recovery will minimize losses, the people said.
The recommendation by a government panel co-chaired by Deputy Finance Minister Joerg Asmussen and Deputy Economics Minister Walther Otremba aims to circumvent pricing the assets, according to the people, who spoke anonymously because details have yet to be provided to lawmakers. Lenders would âparkâ the holdings in a state-controlled âbad bankâ until maturity, betting a market recovery will minimize losses, the people said.
4032.00 resistance. Next big target upside 4169.00. Downside : 3951.00, 3878.00
15 min SMA upward slope holds. SMA not broken to the downside since Friday 05:20 p.m. Seems, big hands playing short squeeze...
Forget Nicolas Sarkozy. Ignore Gordon Brown. Angela Merkel, taking advantage of Germanyâs economic heft, is now the European Unionâs dominant figure. And leaders from Warsaw to Washington had best not forget it.
Just as the German chancellor vetoed a bailout for eastern Europe on March 1, she is now leading European opposition to U.S. President Barack Obamaâs call for a global pump-priming package. Sheâll determine the fate of a 5 billion-euro ($6.4 billion) infrastructure proposal at an EU summit in Brussels later this week.
âItâs Merkel who holds the key to the cashbox, and she doesnât want to give it up,â says Jean-Dominique Giuliani, chairman of the Robert Schuman Foundation, a research center in Paris.
Merkelâs rejection of more stimulus touched off the first trans-Atlantic clash of the Obama administration and led critics to say she risks deepening the global recession. Even as finance ministers from the Group of 20 nations were meeting in southern England March 14, seeking to paper over differences with a pledge to deliver a âsustained effortâ to boost growth, Merkel was 42 miles (67 kilometers) away in London, defending her opposition to further spending.
âGermany really has contributed its share,â said Merkel, 54, as she stood alongside Brown, the U.K. prime minister.
Nein, und BASTA !
Just as the German chancellor vetoed a bailout for eastern Europe on March 1, she is now leading European opposition to U.S. President Barack Obamaâs call for a global pump-priming package. Sheâll determine the fate of a 5 billion-euro ($6.4 billion) infrastructure proposal at an EU summit in Brussels later this week.
âItâs Merkel who holds the key to the cashbox, and she doesnât want to give it up,â says Jean-Dominique Giuliani, chairman of the Robert Schuman Foundation, a research center in Paris.
Merkelâs rejection of more stimulus touched off the first trans-Atlantic clash of the Obama administration and led critics to say she risks deepening the global recession. Even as finance ministers from the Group of 20 nations were meeting in southern England March 14, seeking to paper over differences with a pledge to deliver a âsustained effortâ to boost growth, Merkel was 42 miles (67 kilometers) away in London, defending her opposition to further spending.
âGermany really has contributed its share,â said Merkel, 54, as she stood alongside Brown, the U.K. prime minister.
Nein, und BASTA !
15 min breakthrough to the other side...
Empire State index falls to -38.2 in March . Expected -32.00.