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The "up-to-the-minute Market Data" thread

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posted on May, 9 2010 @ 08:09 PM
Euro showing some of that volitility now, high was 1.2948, hit a low of 1.2807, currently in the 1.2825 - 40 range..bouncing all over the place..

posted on May, 9 2010 @ 08:50 PM

Originally posted by worldwatcher
Euro showing some of that volitility now, high was 1.2948, hit a low of 1.2807, currently in the 1.2825 - 40 range..bouncing all over the place..

So in other words the Euro Will crash? but the question is when?

[edit on 9-5-2010 by Agent_USA_Supporter]

posted on May, 9 2010 @ 08:55 PM
nah, they're able to do the last minute!

posted on May, 9 2010 @ 08:57 PM

Originally posted by GBP/JPY
nah, they're able to do the last minute!

it will crash.

posted on May, 9 2010 @ 09:05 PM

Originally posted by Hx3_1963
I can't remember if this was covered earlier...

Americans Have Been Bailing Out Foreign Banks for Years ... And We're Getting Ready To Do It Again

As the Wall Street Journal points out, the Federal Reserve might open up its "swap lines" again to bail out the Europeans:

The Fed is considering whether to reopen a lending program put in place during the financial crisis in which it shipped dollars overseas through foreign central banks like the European Central Bank, Swiss National Bank and Bank of England. The central banks, in turn, lent the dollars out to banks in their home countries in need of dollar funding. It was aimed at preventing further financial contagion.

The Fed has felt that it is premature to reopen this program — which was shut down in February as the financial crisis appeared to wane — because it wasn’t clear that foreign banks were in need of dollar funds. Still, trading floors on Wall Street are abuzz with anticipation today that the Fed might use the program again as Europe’s problems take on a more global dimension.

The international lending lines are known among central bankers as swaps.

Fed officials believe the swap program was one of its most successful interventions aimed at stemming a global crisis, when many banks overseas became strained for dollar funding. In their normal course of business, they borrowed dollars in short-term lending markets and used those dollars to finance holdings of long-term U.S. dollar assets, like Treasury or mortgage bonds. When those markets dried up, the swap lines helped to prevent overseas bank funding crises in 2008.

Fed officials see the swaps as a low-risk program, because its counterparties in these loans are foreign central banks, and not private banks. At a crescendo in the crisis in December 2008, the Fed had shipped $583 billion overseas in the form of these swaps.

[edit on 5/9/2010 by Hx3_1963]

and it is done....good call Hx3!

posted on May, 9 2010 @ 09:32 PM
200 MA was respected.

SP Futures up over 28 Points as I type this.

This is going to be interesting when Euro markets open for trading in a few hours.

Looks like the deal has been struck.

posted on May, 9 2010 @ 09:41 PM
reply to post by GreenBicMan

Could you give me the link to where the futures are up?

But expect another riot this week in greece.

posted on May, 9 2010 @ 09:45 PM
The countries in question still need to decide whether they will accept a forced depression in exchange for these paper promises. Just because other countries have produced a 'fix', which is highly questionable at this point, does not mean that the populations of those countries will accept the 'austerity' aka slavery measures.

Germany has already sent a serious message to Merkel at the voting booth. It will be very interesting to see how this plays out long term.

posted on May, 9 2010 @ 09:48 PM
U.S. Debt Shock May Hit In 2018, Maybe As Soon As 2013: Moody's

posted on May, 9 2010 @ 09:58 PM

U.S. Debt Shock May Hit In 2018, Maybe As Soon As 2013: Moody's

Yeah or MAYBE THIS YEAR since the debt is supposed to reach 100% of GDP around november.

I just KNOW they gonna pass another bailout in the US... it's almost a done deal.

Anyway, when I saw that Obama just nominated Elena Kagan as the new supreme court judge... it made me sick... SICK I TELL YOU. That witch supports indefinite detention without trial... AND SHE'S SUPPOSED TO PROTECT THE CONSTITUTION...

posted on May, 9 2010 @ 10:03 PM

posted on May, 9 2010 @ 10:20 PM
Thanks for the link, lol the Euro is at

Its still going down, i think the euro will crash this summer.

posted on May, 9 2010 @ 10:22 PM
six months ago i called for 118.xx in april... maybe later!

posted on May, 9 2010 @ 10:23 PM
reply to post by Agent_USA_Supporter

Was at 1.26 on Friday.

I think 1.26 is the intermediate low as I have been saying.

I also think EUR USD will fall closer to parity, but it will take longer than you think.

Nothing moves that quick, and when it does expect it to slap you right back in the face when you think you have it right. This holds true especially in the world of currencies. Too much banking liquidity.

posted on May, 9 2010 @ 10:25 PM
reply to post by GBP/JPY

I thought I missed the boat at 130.xx

Little did I know I would have another opportunity

I'm still down, hoping it breaks this long term resistance here.

posted on May, 9 2010 @ 11:12 PM
reply to post by GreenBicMan

and i think the g/j target is 79.88 medium term, that would be a 5th wave completion according to the elliott wavers out there!

posted on May, 9 2010 @ 11:42 PM
reply to post by Hx3_1963

The swaps were not for soveriegn debt. Those swaps were aimed directly at central banks to in turn lend to banks. It's objective was to increase liquidity.. but the current situation is the banks are liquid, the countries are not. It wouldn't make much sense to send Dollars to central banks to pay for services to their people .. the decrease in Dollar value alone devalues their own investment in US Debt, which can be used to pay down their own debts. Though it could be a nice way to keep the current values of USD/EUR the same, by creating an equilibrium of printing Dollars as fast as the EUR crashes. Seems risky to me, and extensively expensive... but then again, we don't know how much the Fed charges, how much they printed and so on ... because we can't effin inspect their books.

One way the EU could solve SOME of their debt issues... is to increase their own printing presses.. use inflation to devalue the cost of their own debts.. increase exports and all that.. I mean, people are already shying away from European debts, might as well use the slash and burn option. And besides... I'd really like to visit Europe next year with a stronger USD/EUR ratio.

posted on May, 10 2010 @ 12:06 AM
Someone put this into breaking news section!

Fed leads efforts to bolster European economy

Credit line provided by Bank of Canada and other major central banks is a sign of resolve meant to avoid a global crisis of confidence

just a min ago it was the FEDs and other banks the globe and mail just changed it.

posted on May, 10 2010 @ 04:15 AM
Ahhh what a beautiful day...

Futures up huge...FX up hugh...

The World is saved...everything is to big to fail now...

What a joke...what's the use of even playing anymore...shorts just got their throats slit again...insanity I tell ya...

DJIA Futures 10343.43 10727.0 383.57

Russia 1369.91 -80.56 -5.55% 05/07
London 5347.99 224.97 4.39% 09:56
Paris 3655.92 263.33 7.76% 10:57
Frankfurt 5956.21 241.12 4.22% 10:57
Turkey 56177.93 3490.96 6.63% 12:11
Hungary 23393.31 1969.65 9.19% 10:56
Austria 2505.02 193.25 8.36% 10:57
Poland 41615.13 1691.55 4.24% 10:56
Czech 1215.90 69.30 6.04% 10:56
Sweden 997.00 52.44 5.55% 11:12
Finland 6718.83 455.61 7.27% 12:11
Norway 333.59 15.77 4.96% 10:57
Greece 1784.69 154.22 9.46% 11:56
Italy 21161.10 1660.35 8.51% 10:57
Luxembourg 1431.49 71.61 5.27% 10:43
Netherlands 329.01 16.66 5.33% 10:57
Iceland 578.03 -16.34 -2.75% 05/07
Denmark 395.13 24.01 6.47% 11:12
Switzerland 6440.40 234.77 3.78% 10:57
Spain 1042.40 108.37 11.60% 10:55
Portugal 2327.30 -70.22 -2.93% 05/07
Ireland 3171.16 188.45 6.32% 09:57
Israel 1156.13 27.99 2.48% 10:51
Egypt 639.21 19.31 3.11% 11:11
S. Africa 24455.88 857.86 3.63% 10:57
Jordan 2508.37 35.26 1.43% 11:57
UAE Dubai 1734.44 21.54 1.26% 12:57
Abu Dhabi 2787.36 35.33 1.28% 12:56

[edit on 5/10/2010 by Hx3_1963]

posted on May, 10 2010 @ 04:19 AM
reply to post by Hx3_1963

Yep insanity... solving the debt problem with more debt... INSANITY I TELL YA!

Like the last time, it will go up for a time, then reality will set in and it will go down and they'll ask for another bailout...and it'll like this until we have hyperinflation or/and a world government to ``save us all``.


And here it's not a beautiful day, it's cold as hell.

[edit on 10-5-2010 by Vitchilo]

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