Things to keep you on edge about the Euro this week

HOW LONG BEFORE MARKETS REALIZE THERE IS NO SPAIN SOLUTION?

What we don't know: how much Spain will get and under what conditions. Spain says it won't know until next week, and that there is a whole list of customary conditions for loans that it wants waived. That's it. We will discuss and trade to a new trend in the market going to happen this week I believe

No matter, what we already know is bad enough. There is NO funding as yet lined up for any of the maximum 100 bln euros Spain will request.

A Everyone, Spain and Germany's economic ministers, the Eurogroup, etc, agree that the funding for the rescue is to come from the European Stability Mechanism (ESM) and/or the EFSF.

B The treaty creating the ESM specifically says that the fund can only lend to governments (not banks) in exchange for promises of reforms. The German government has stressed on numerous occasions that it insists that this passage of the treaty is respected. Rumors are that the EU will ease up some of these, but we remain skeptical that Germany will really let these go.

 C Yet so far Spain is saying it basically wants doesn't want many obligations attached to the loan. It insists on:

• No loss of sovereignty 
• No new fiscal conditions 
• No new deficit commitment 
• No additional structural reforms 
• No IMF supervision 

D As for the EFSF, it's only got about 200 bln euros, including the now questionable 93 bln due from…Spain! That leaves about 100 bln euros, assuming the EU would agree to empty the EFSF at this time.

 E If it did, how would markets react to news that the EU bailout funds are currently empty?

As a result there is a great opportunity to trade eur/jpy this week Tune into our Daily trade room
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The Fed Unspun: The Other Side of the Story - Forex Insighters

FOREX INSIGHT TOPIC OF WEEK IN ONLINE TRADERS ROOM: 
Here is a video shared among our traders in the Professional trade floor

The Great Peter Schiff made this presentation- "Ben Bernake fancies himself as a student of the Great Depression," says renowned investment broker, global strategist, author, and Austrian economist Peter Schiff, "but... if he were my student he would have gotten an F." 

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The International Forecaster: Bob Chapman : This is the beginning of the End of ..FOREX INSIGHT

Bob Chapman The International Forecaster Blog: Bob Chapman : This is the beginning of the End of ...: Bob Chapman - The Corbett Report - April 25, 2012 : The country of Holland is going to elect a new government this is very serious as Holla...

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U.S. Dollar to rally on Cad and Aud - Forex Insight shared

Expect the USD to strengthen in the short term against commodity currencies and oil. LINK TO ARTICLE on Alpha

The Aussie economy is tied heavily to China through commodity trade. As the Chinese economy slows, or at least isn't accelerating as fast, the Aussie will weaken. In the above chart, the price action is carrying momentum down through the trend line, signifying USD appreciation.

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Forex Insight Pro Traders Tip of the Day Mar 23rd

 

 

Spot  Trend and Go With It

Determine the trend and follow it. Market trends come in many sizes – long-term, intermediate-term and short-term. First, determine which one you're going to trade and use the appropriate chart. Make sure you trade in the direction of that trend. Buy dips if the trend is up. Sell rallies if the trend is down. If you're trading the intermediate trend, use daily and weekly charts. If you're day trading, use daily and intra-day charts. But in each case, let the longer range chart determine the trend, and then use the shorter term chart for timing.

Spain's borrowing rates continue to rise as uncertainty in global financial markets

CBS News - Yields on 10-year bonds are up to 5.47 percent mark after rising all week. In March, the yield was below 5 percent.

The spread between the Spanish yield and the benchmark German equivalent hit 358 basis points on Friday, the highest since early January.

Analysts say the rise is due to doubts over the new conservative government's commitment to meet deficit reduction targets and concerns that a global growth slowdown and market jitters will hurt Spain's chances of avoiding a bailout.

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