Same procedure like in the last 2 weeks :
let the bulls exhaust and short into the rally. 6300, 6350, 6400 calls still in place.
let the bulls exhaust and short into the rally. 6300, 6350, 6400 calls still in place.
Short DAX at 7740
- Thread starter ASusilovic
- Start date
If I had an indicator for pathological stupidity - the FED would be the absolute winner.
The strong euro looms large in the bankâs decision to downgrade continental Europe to benchmark, from the it-canât-get-much-worse overweight position assigned to it in May. As Credit Suisse observe:
1) With exports outside the Euro area accounting for 16% of GDP, each 10% on the euro trade-weighted takes nearly 0.8% off European GDP growth and 0.7% off inflationâEuropeâs exports account for 40% of GDP and 40% of these exports going to countries outside the monetary union⦠Thus each 10% on euro trade-weighted takes 1.5% off nominal GDP growth.
2) 36% of European corporate earnings come from outside of Europe. We estimate that each 10% appreciation of the euro would reduce earnings by about 11% â directly and indirectly (since the end of June the euro is up 7% trade-weighted and thus should have reduced EPS estimates by 8%). This could be even higher when we consider the lags involved (increased competition from third markets).
3) Finally, the more the euro strengthens, the more deflationary pressures are likely to be exerted on peripheral Europe which in turns threatens to raise the risk premium for Europe as a whole.
1) With exports outside the Euro area accounting for 16% of GDP, each 10% on the euro trade-weighted takes nearly 0.8% off European GDP growth and 0.7% off inflationâEuropeâs exports account for 40% of GDP and 40% of these exports going to countries outside the monetary union⦠Thus each 10% on euro trade-weighted takes 1.5% off nominal GDP growth.
2) 36% of European corporate earnings come from outside of Europe. We estimate that each 10% appreciation of the euro would reduce earnings by about 11% â directly and indirectly (since the end of June the euro is up 7% trade-weighted and thus should have reduced EPS estimates by 8%). This could be even higher when we consider the lags involved (increased competition from third markets).
3) Finally, the more the euro strengthens, the more deflationary pressures are likely to be exerted on peripheral Europe which in turns threatens to raise the risk premium for Europe as a whole.
Well, I think there is still too much money avaiable, they want to burn some of it. It will help to depreciate US debt and people will have less savings (less number of bread per average saving), i.e. will be forced to worked more and economy will run better.
That is my explanations of they steps,
, btw. I never been to US.6291.00 or better strong sell.
I just spoke to a German asset manager. The surge in the DAX is a pure US show - only US addresses buying. German institutions are selling into every rally.
Show program made in USA.
I just spoke to a German asset manager. The surge in the DAX is a pure US show - only US addresses buying. German institutions are selling into every rally.
Show program made in USA.
Filled.
Some unteachable and narcissistic players want to win this certificate :
Euro-zone second-quarter GDP up unrevised 1%
EUR Euro-Zone Household Consumption QoQ + 0,2 ( revised down from +0.5 )
EUR Euro-Zone Household Consumption QoQ + 0,2 ( revised down from +0.5 )