I assume you mean European banks? Can you connect the dots for me on this? Is there a web link that I can read that shows this set of events occurring?
It fell 400 pips from 1.4220 area to 1.3820 area, since the above explanation. Where are the banks that were "forced to buy euros as loans are called.."? I knew it was a bullcrap-type of explanation. Whoever believes a short lying person like Sarkozy is not very intelligent. The sad thing is that if there are just a few who do believe, and talk about it, they infect others.
E/U at 1.3710 down from 1.4210. It went to the 1.3670 area earlier. A more than 500 pips fall in a short amount time. If the "smarter folks" exist, they should have been short, and not long.
Just like most of the pikers on this site. Whine about it when it's not going your way, crow about it when it finally does (broken clock).
Sure, Nitro. When I get t to the office, I'll go find my links (other computer). But it essentially goes like this: European banks are forced to raise capital, and thus sell assets, raising Euros. Repatriation, if you will. That's going to go on for a while as banks there get weaker and weaker. The question is, will it overcome the equivalent dollar repatriation that comes with a sharp sell off.
Right, I understand those dots. What I mean is, what information sources do you use to arrive at those conclusions. is it a Bloomberg terminal, a web site, some amalgamation...