Take up of the ECB tender was only $1bln versus market expectations of more like $20bln which indicates European banks are much less desperate for cash than people thouught. Should be positive for risk.
Short Euro has got to be the most consensual trade in the world right now. And rightly so up til now.
However the most important indicator, the P.U.B is signalling a buy. i.e, once the boys down the pub are all taking about something then its time to do the opposite.
I reckon were due a...
Tricky one.
A hung parliment SHOULD be priced as that seems to be the general expectation on the street, but actual positioning is extremely light going so I think cable is still susceptible to a selloff if a hung aprliment is confirmed.
Also, as the FT has picked up on today, fixed income...
The market is telling us everything we need to know I think. Greece is f*cked, and this aid package is a sticking plaster job which merely buys a bit of time.
Portugal and Spain next. Italy should be ok but if not it starts getting serious there.
Euro will have a twenty handle shortly...
Doing everything in writing is a better idea. Less stressful and you wont feel pressured into agreeing to something you cant stick to.
To be frank I dont think you should be angry with them for closing when they did. If the margin wasnt in place to cover your losses its their right (and I...
Give the Consumer Credit Counselling Service a call, they are an excellent charity. They will tell you where you stand, give you advice on the best course of action and walk you through the whole process to getting this resolved.
It will feel like a nightmare just now but you will be able to...