2012-09-11T06:32:09+0000

All|Economic Data|Europe|Regions

constitutional court|EUR/USD|Germany

Gerry Davies

23 Comments

  1. is that why the rate just jump 30 pips? preposterous!

  2. sure is :)

  3. 2780 , such a change since market opening yesterday ;)

  4. yeah but what the stupid buyers aren’t taking into account is that the german court is not going to deliver news that is positive for the euro. I think they just don’t want to delay the bad news. can’t wait, its going to be a great drop in a few hours! lol

  5. Hi Gerry, does the court has a planned announcement time or will the ruling just pop out randomly during the day? Thanks.

  6. So Mr.Gerry do you think they would rule against the rescue fund?

  7. @jmm, I wouldn’t be surprised in the least if they deliver the go ahead with conditions. Any word that it’s a go will be seen as massively positive. The EURUSD could be >1.3000 by the end of the week! Not that I think the EURUSD is destined for long term success.

  8. GalantnostS, Just asked good contact who thought it was due 08:00 GMT

  9. But isn’t 100% sure

  10. Hi Bogdan, they might, there’s always the chance. But personally I expect them to OK/pass things (ESM/fiscal pact) but with some strict conditions thrown in for good measure.

  11. Very resourceful. Thanks :)

  12. YOU know, the German Court may not be delaying the ruling on the Injunction based on the new claim because they are planning to GRANT the Injunction until the case is heard in 2013. IMHO an Injunction in the case should be granted, the moving party looses all rememdy if it is not imposed. Yes, most Con Law cases in Germany are not granted injunctions, but this fact pattern is different. EFSF was Temporary and the Court focused in on that in the EFSF ruling…imho not such a surething.

  13. So just for rumours, the eur was rocket flying !? what if tomorrow the court is in favour? eur will touch 1.30!? then QE hope will fly again to reach 1.34?

  14. ok guys, here’s a little secret i don’t often mention, but here goes: i’m married to john taylor’s daughter and it just so happens i heard that the institutionals are all lined up on the offer and it’s gonna be like trying to climb the north face if the e/u wants to reach for 1.3. the next 200 pips are prime entry points to position oneself for the euro depreciation slide in the offing. make of it what you will, but one day, you shall recognize me as your prophet. ;-)

  15. What does the bass guitarist of Duran Duran know about forex?

  16. lol :grasshopper, my little birdie had pretty much same info

  17. LOL Gerry that’s what I was thinking! Was about to google to see if some prominent economics dude named John Taylor is also out there somewhere…

  18. We’re obviously talking about John Taylor, head honcho at FX Concepts (currency hedge fund)

  19. @Gerry I’ll gladly trade my knowledge of 80s new wave music for you guys’ FX knowledge :P

  20. LOL , i’m hurt, you would doubt me so, gerry :D

  21. Hahaha~~~~I wanted to be a john taylor’s wife in my high school……
    I am a big fan forever…..

  22. EUR/USD

    1.3050 TOMORROW
    1.3250 END OF THIS WEEK
    1.3650 END OF 2012

  23. 1.30+ is pretty much nailed on! Probably after a retracement though. market moving ‘political talk’ is far cheaper than action and/or ‘easing’ but is obviously short term and temporary! Stand by for roller coaster moves as the ‘theatre and spectacle’ begins ;0)

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