@ngapat - congrats...
@Qw - this euro bull is very quiet... wassup... Pray that Greece don't go belly up. It will make things very greasy... Also the SHIBOR spike from the Ching land aka China is not very encouraging. Watch this too plus the usual Dexia and Credit Agricole's bad banks...
Trade update - got stopped out on the USDCHF. Boy, EURCHF still printing new all time lows... Monthly stochs yet to get oversold, but RSI is oversold. Still more downside - target 1.14 - 1.15.
EURCAD still on course for 1.35. I'm still holding the two shorts until I get my loot...
@fxtech - I hope you're still holding the EURCAD shorts.
Update -- The European Systemic Risk Board (ESRB) is an independent EU body responsible for the macro-prudential oversight of the financial system within the Union. Its seat is in Frankfurt am Main. Its secretariat is ensured by the ECB.
The ESRB contributes to the prevention or mitigation of systemic risks to financial stability in the Union that arise from developments within the financial system. It takes into account macroeconomic developments, so as to avoid periods of widespread financial distress.
The ESRB also contributes to the smooth functioning of the internal market and thereby ensures a sustainable contribution of the financial sector to economic growth.
ESRB has done a damn good job of ensuring the euro is a 'strong' and 'steely' currency... Don't be shocked to see a disorderly fallout... Stay tuned
http://www.esrb.europa.eu/home/html/index.en.html$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!