Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

ntrader

Euro Debt Crisis

Recommended Posts

Cyprus is expected to complete capital control measures on Wednesday to prevent a run on the banks by depositors anxious about their savings after the country agreed a painful rescue package with international lenders.

 

Cypriots have taken to the streets of Nicosia in their thousands to protest at a bailout deal that they fear will push their country into an economic slump and cost many their jobs. European leaders said the deal averted a chaotic national bankruptcy that might have forced Cyprus out of the euro.

 

For more details -

 

Capital controls being readied to avert bank run - Cyprus Mail

Share this post


Link to post
Share on other sites

Cyprus government officials are seeking easier bailout terms in talks with representatives of the European Union and International Monetary Fund on 2nd April.

 

The Cyprus General Market Index fell 2.5 percent to 99.54. The country’s exchange opened for trading today after closing for more than two weeks.

 

Under the agreement reached for the country’s banks, 40 percent of deposits above 100,000 euros held at Bank of Cyprus will be temporarily frozen to ensure the lender’s liquidity.

Share this post


Link to post
Share on other sites

As the Eurozone languishes in recession and unemployment reaches record levels, the European Central Bank (ECB) is toying with the idea of lowering interest rates. If it does so, it will be the first rate cut in 10 months. Things are not looking great in the region. Certain countries continue to remain on the edge of bankruptcy saddled with too much debt. As per an article on CNN Money, unemployment levels in Greece and Spain have scaled new peaks of above 27%.

 

What is more, more than half of young workers under the age of 24 are out of work in both nations. Already, interest rates are hovering around zero; the latest rate being 0.75%. So what the ECB expects from an additional rate cut remains a mystery. The Eurozone has structural problems that it needs to address such as too much debt, poor growth and lack of job creation. Short term solutions such as interest rate cuts will hardly solve the problem as the past has shown.

Share this post


Link to post
Share on other sites

Cypriot government confirmed that the cost of its bailout had risen from about $23 billion to $30 billion, and that it might have to sell most of its gold reserves to pay for its portion of the bailout.

Share this post


Link to post
Share on other sites

Some Fundamentals

 

There has been a round of fiscal easing that was expected. The central banks are working hard the world over, but there is still a lot to do. The ECB has lowered its rates copying US policy. The EU economy has stabilized, but there will be some weakness in the Euro in the near term.

Share this post


Link to post
Share on other sites

There are emergency loans from the International Monetary Fund and bilateral loans from the countries that are in the black from those countries that are in the red.

 

Germany guarantees 27% of loans, France 20% and Italy 18%.

 

This is the scenario of who gets how much to save their banks and balance the state budget.

 

Cyprus € 23 billion

The first three of nine billions euros from the European Stability Mechanism(ESM) to Nicosia is coming this month.Cyprus gets another billion from International Monetary Fund in Washington,paid by all EU members.Another six to ten billions Cyprus to collect expropriation savers have more than 100000 euros in certain banks. Russia has been reduced interest rate to Cyprus on loans.Overall, Cyprus needs 23 billion euros.

 

Greece: at least €350 billion.

The European Union,individual countries and the International Monetary Fund promised to Greece 240 billions euros.Greece has so far received 116 billions.Greece received bilateral loans in total 53 billions euro.The International Monetary Fund paid 20 billions euros.From the private creditors Greece has raised 107 billions euros.The current rescue program up to end in 2014.Greece will be able to pay herself -only 2020.

 

Ireland: € 85 billion

85 billion euros needed to clean up the former Celtic Tiger its banking sector, Ireland is 17.5 billion passed itself (state assets and pension funds). The remaining 67.5 billion comes from Community funds of all EU Member States (22.5 billion), the EMS fund to rescue the euro zone from the 17 members states(12.8 billions euros) from the International Monetary Fund.and loans from the United Kingdom (3.8 billion). Ireland has not taken all the means at his disposal for EMS is still almost 5 billion.

 

Portugal € 78 billions

Portugal should be the smallest assistance from the international community.When approved 78 billion euros the distribution of per capita is about 70000 euro per Portuguese.In Greece debt is about 30000 euro per capita.Portugal has been used more than 26 billions euro.

 

Spain €100 billion for banks

Spain needs 100 billions euros for banking sector.The money goes directly to the banks.There is no money in state budget.Spain has no saving policy like other countries Cyprus,Greece,Ireland and Portugal.Until now Spain is receiving about 41 billions euros.

Share this post


Link to post
Share on other sites

Midweek, it was announced that the EU had ended its excessive-deficit procedure against Italy. This is the first step in the right direction for the Euro-zone’s third largest economy, and perhaps it means that some fiscal stimulus may be on the horizon.

Still, the European Commission warned that austerity should continue, in order to reduce the country's fiscal deficit from the 5.5% of GDP in 2009 to the 3.0% threshold required under EU regulations, which was supposed to be accomplished by last year. Given the current trajectory of the deficit, the EC’s Italian forecast calls for a further reduction to 2.9% in 2013 and 2.5% in 2014.

Share this post


Link to post
Share on other sites

European politicians greeted a report of U.S. wiretappings of European Union buildings with caution and concern, demanding explanations and speaking of a possible souring of transatlantic relations.

Share this post


Link to post
Share on other sites

and now the ECB offering guidance about the extended period of time to keep interest rates low........however, we are trading here a CURRENCY PAIR and not a single currency, so more important will be tomorrow's nfp number IMO

Share this post


Link to post
Share on other sites
wait wait......it's not over till the fat lady sings.....fat lady=nfp tomorow

Fat lady sang June 19th. Only thing to hear tomorrow is whether we will have triple bottom with April and May lows or if 1.28xx, 1.27xx, 1.26xx are coming soon.

Share this post


Link to post
Share on other sites
Fat lady sang June 19th. Only thing to hear tomorrow is whether we will have triple bottom with April and May lows or if 1.28xx, 1.27xx, 1.26xx are coming soon.

 

triple bottoms rarely hold........but surprises we're seen many times.....not a place to short here IMO

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Be careful who you blame.   I can tell you one thing for sure.   Effective traders don’t blame others when things start to go wrong.   You can hang onto your tendency to play the victim, or the martyr… but if you want to achieve in trading, you have to be prepared to take responsibility.   People assign reasons to outcomes, whether based on internal or external factors.   When traders face losses, it's common for them to blame bad luck, poor advice, or other external factors, rather than reflecting on their own personal attributes like arrogance, fear, or greed.   This is a challenging lesson to grasp in your trading journey, but one that holds immense value.   This is called attribution theory. Taking responsibility for your actions is the key to improving your trading skills. Pause and ask yourself - What role did I play in my financial decisions?   After all, you were the one who listened to that source, and decided to act on that trade based on the rumour. Attributing results solely to external circumstances is what is known as having an ‘external locus of control’.   It's a concept coined by psychologist Julian Rotter in 1954. A trader with an external locus of control might say, "I made a profit because the markets are currently favourable."   Instead, strive to develop an "internal locus of control" and take ownership of your actions.   Assume that all trading results are within your realm of responsibility and actively seek ways to improve your own behaviour.   This is the fastest route to enhancing your trading abilities. A trader with an internal locus of control might proudly state, "My equity curve is rising because I am a disciplined trader who faithfully follows my trading plan." Author: Louise Bedford Source: https://www.tradinggame.com.au/
    • SELF IMPROVEMENT.   The whole self-help industry began when Dale Carnegie published How to Win Friends and Influence People in 1936. Then came other classics like Think And Grow Rich by Napoleon Hill, Awaken the Giant Within by Tony Robbins toward the end of the century.   Today, teaching people how to improve themselves is a business. A pure ruthless business where some people sell utter bullshit.   There are broke Instagrammers and YouTubers with literally no solid background teaching men how to be attractive to women, how to begin a start-up, how to become successful — most of these guys speaking nothing more than hollow motivational words and cliche stuff. They waste your time. Some of these people who present themselves as hugely successful also give talks and write books.   There are so many books on financial advice, self-improvement, love, etc and some people actually try to read them. They are a waste of time, mostly.   When you start reading a dozen books on finance you realize that they all say the same stuff.   You are not going to live forever in the learning phase. Don't procrastinate by reading bull-shit or the same good knowledge in 10 books. What we ought to do is choose wisely.   Yes. A good book can change your life, given you do what it asks you to do.   All the books I have named up to now are worthy of reading. Tim Ferriss, Simon Sinek, Robert Greene — these guys are worthy of reading. These guys teach what others don't. Their books are unique and actually, come from relevant and successful people.   When Richard Branson writes a book about entrepreneurship, go read it. Every line in that book is said by one of the greatest entrepreneurs of our time.   When a Chinese millionaire( he claims to be) Youtuber who releases a video titled “Why reading books keeps you broke” and a year later another one “My recommendation of books for grand success” you should be wise to tell him to jump from Victoria Falls.   These self-improvement gurus sell you delusions.   They say they have those little tricks that only they know that if you use, everything in your life will be perfect. Those little tricks. We are just “making of a to-do-list before sleeping” away from becoming the next Bill Gates.   There are no little tricks.   There is no success-mantra.   Self-improvement is a trap for 99% of the people. You can't do that unless you are very, very strong.   If you are looking for easy ways, you will only keep wasting your time forgetting that your time on this planet is limited, as alive humans that is.   Also, I feel that people who claim to read like a book a day or promote it are idiots. You retain nothing. When you do read a good book, you read slow, sometimes a whole paragraph, again and again, dwelling on it, trying to internalize its knowledge. You try to understand. You think. It takes time.   It's better to read a good book 10 times than 1000 stupid ones.   So be choosy. Read from the guys who actually know something, not some wannabe ‘influencers’.   Edit: Think And Grow Rich was written as a result of a project assigned to Napoleon Hill by Andrew Carnegie(the 2nd richest man in recent history). He was asked to study the most successful people on the planet and document which characteristics made them great. He did extensive work in studying hundreds of the most successful people of that time. The result was that little book.   Nowadays some people just study Instagram algorithms and think of themselves as a Dale Carnegie or Anthony Robbins. By Nupur Nishant, Quora Profits from free accurate cryptos signals: https://www.predictmag.com/    
    • there is no avoiding loses to be honest, its just how the market is. you win some and hopefully more, but u do lose some. 
    • $CSCO Cisco Systems stock, nice top of range breakout, from Stocks to Watch at https://stockconsultant.com/?CSCOSEPN Septerna stock watch for a bottom breakout, good upside price gap
    • $CSCO Cisco Systems stock, nice top of range breakout, from Stocks to Watch at https://stockconsultant.com/?CSCOSEPN Septerna stock watch for a bottom breakout, good upside price gap
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.