Mon, Oct 13 2008, 05:48 GMT
by Anthony Samaha
10pips GBPUSD Mission Accomplished
A. (13October Europe) Latest Impact: No Lazy Positions
The term Crisis is to be replaced by ‘Conspiracy.’
There is no reason to believe anymore that the financial disintegration is a crisis; it is absolute conspiracy among the countries that call themselves G7.
Why Conspiracy?
Reason No. 1: No One Has Resigned
Reason No. 2: No One Has Resigned
Reason No. infinity: No One Has Resigned
Saturday night, Oct. 11, International Monetary Fund directors warned a global economic meltdown was close unless urgent measures are put in place. They went on air with their warning after the seven rich nations’ financial leaders meeting at the White House in Washington failed to agree on a package to revive inter-bank lending and so rescue the markets from free fall.
The IMF director Dominique Strauss-Kahn admitted Saturday night that the bailout plans and interest rate cuts approved in the last 10 days had failed to restore confidence in world markets.
The UK government is preparing to partly nationalize up to five troubled major banks including the Royal Bank of Scotland, Lloyds TSB and HBOS, with a $60 bn injection
The looming leadership vacuum is fueling financial fears. The US president George W. Bush’s presidency ends in January, Canada faces an election next week, Japan is on its third prime minister in a year; Britain’s Gordon Brown is fighting sliding opinion polls.
Who will therefore lead the transition to a different, or even amended, world financial order? And how credible would a G7 or EU consensus be, given that so many major economic powers including China, Russia, India and Brazil, were excluded from their counsels?
B. Signal
ForexSurvivor Weekly Weekend Newsletter has the signal for the day
Limit Order Valid till 10 October
C. Mission Accomplished:
(09 October US) GBPUSD: Sell 17188; TP 10pips
Position(s) Closed
D. The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****
Published on Mon, Oct 13 2008, 05:49 GMT
ForexSurvivor
| 1860 Rue Robinson, BLDG 108 Laval, PQ H7T 1L6, Canada
http://www.forexsurvivor.com | support@forexsurvivor.com
Weekly Market Commentary - Libor and Official Interest rates are at their narrowest by Mizuho Corporate Bank
Fri, Jul 3 2009, 14:33 GMT
Daily Market Report - Risk aversion was the main theme of yesterday's trading session by Wachovia
Fri, Jul 3 2009, 12:25 GMT
FX Thoughts for the Day by Kshitij Consultancy Service
Fri, Jul 3 2009, 12:23 GMT
Asia Market Update - Most Asian equities indices track the US session declines as nonfarm payrolls data disappoints by TradeTheNews.com
Fri, Jul 3 2009, 11:55 GMT
Daily Analysis - The Dollar gains as the markets tumble and investors seek a safe haven by Finotec Group Inc.
Fri, Jul 3 2009, 11:47 GMT
European Markets mixed, EUR rises and GBP lower
FXstreet.com | Fri, Jul 3 2009, 14:38 GMT
CURRENCIES: Dollar Edges Higher In Thin Trade Ahead Of Holiday
Dow Jones | Fri, Jul 3 2009, 11:46 GMT
Forex: GBP/USD falls further to test 1.6300
FXstreet.com | Fri, Jul 3 2009, 11:20 GMT
2nd UPDATE: UK Service Sector Grows, End Of Recession Nears
Dow Jones | Fri, Jul 3 2009, 10:15 GMT
UPDATE: UK Service Sector Grows, But Slows In June
Dow Jones | Fri, Jul 3 2009, 09:43 GMT
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program