5957.00. Always a pleasure how short-term memory of different market players around the world works. Yesterday everybody was sh..ting his pants that Europe is watching into abyss. Today, dementia and insanity prevail. 
:eek:
:eek:
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Short DAX at 7740
- Thread starter ASusilovic
- Start date
Enter Strangle ( 6250/5650 ).
By Rainer Buergin and Christian Vits
June 1 (Bloomberg) -- German unemployment fell more than twice as much as economists forecast in May as exports from Europeâs biggest economy surged, bolstering the recovery.
The number of people out of work declined a seasonally adjusted 45,000 to 3.25 million, the lowest since December 2008, the Nuremberg-based Federal Labor Agency said today. Unemployment was forecast to shrink by 17,000, according to the median of 28 estimates in a Bloomberg survey. The adjusted jobless rate fell to 7.7 percent from 7.8 percent.
âThe labor market seems to turn much earlier than many had thought,â Carsten Brzeski, an economist at ING Group in Brussels, said in a note to investors. âIt should only be a matter of a few months before the unemployment rate returns to its pre-crisis level.â
Demand for goods including Siemens AG turbines and Daimler AG cars in emerging economies such as China is prompting companies to add workers. While the euro areaâs fiscal crisis is undermining consumer confidence in the region, itâs also providing a boost to exporters. The euro has fallen 15 percent against the dollar this year.
German exports surged 10.7 percent in March, the most in 18 years, the Federal Statistics Office in Wiesbaden said May 10. Factory orders rose 5 percent in March, more than three times economistsâ forecast.
Manufacturing Boost
The euro remained lower against the dollar after the report and was down 0.9 percent to $1.2197 as of 8:59 a.m. in London. Bonds rose, with the yield on the 10-year German bund falling 6 basis points to 2.597 percent.
âThe spring recovery in the labor market continued in May,â Labor Agency head Frank-Juergen Weise told reporters in Nuremberg. âCurrent developments reflect once again a clear improvement in the most important indicators.â
The economy will probably grow âstronglyâ in the second quarter, boosted by exports, the Bundesbank said May 26. Capacity utilization among manufacturers will rise to 79.8 percent in the quarter, the highest since the final quarter of 2008, it said.
http://www.bloomberg.com/apps/news?pid=20601087&sid=alwURDinf.nI&pos=4
Germany's export driven economy is in excellent shape. Lower unemployment rate is good news !
June 1 (Bloomberg) -- German unemployment fell more than twice as much as economists forecast in May as exports from Europeâs biggest economy surged, bolstering the recovery.
The number of people out of work declined a seasonally adjusted 45,000 to 3.25 million, the lowest since December 2008, the Nuremberg-based Federal Labor Agency said today. Unemployment was forecast to shrink by 17,000, according to the median of 28 estimates in a Bloomberg survey. The adjusted jobless rate fell to 7.7 percent from 7.8 percent.
âThe labor market seems to turn much earlier than many had thought,â Carsten Brzeski, an economist at ING Group in Brussels, said in a note to investors. âIt should only be a matter of a few months before the unemployment rate returns to its pre-crisis level.â
Demand for goods including Siemens AG turbines and Daimler AG cars in emerging economies such as China is prompting companies to add workers. While the euro areaâs fiscal crisis is undermining consumer confidence in the region, itâs also providing a boost to exporters. The euro has fallen 15 percent against the dollar this year.
German exports surged 10.7 percent in March, the most in 18 years, the Federal Statistics Office in Wiesbaden said May 10. Factory orders rose 5 percent in March, more than three times economistsâ forecast.
Manufacturing Boost
The euro remained lower against the dollar after the report and was down 0.9 percent to $1.2197 as of 8:59 a.m. in London. Bonds rose, with the yield on the 10-year German bund falling 6 basis points to 2.597 percent.
âThe spring recovery in the labor market continued in May,â Labor Agency head Frank-Juergen Weise told reporters in Nuremberg. âCurrent developments reflect once again a clear improvement in the most important indicators.â
The economy will probably grow âstronglyâ in the second quarter, boosted by exports, the Bundesbank said May 26. Capacity utilization among manufacturers will rise to 79.8 percent in the quarter, the highest since the final quarter of 2008, it said.
http://www.bloomberg.com/apps/news?pid=20601087&sid=alwURDinf.nI&pos=4
Germany's export driven economy is in excellent shape. Lower unemployment rate is good news !
Quote from archimg77:
I liked the idea of the strikes being local max/min peaks.
Then I felt that vols went down y'day so that I entered this strangle and it seems I got calls for free right now.
Thanks, Asul.
Time for some music :
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FDAX shorts squeezed out day after day leaving gaps in underlyings unfilled...
Quote from ASusilovic:
FDAX shorts squeezed out day after day leaving gaps in underlyings unfilled...
Yeah, I was sweating a lot today.
I capitulated on US home sales, just short side.
I wonder why I do trading when my salary income overcomes my earnings on trading 10x+.
I guess because it is a challange don't get screwed.