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Bulls Eye,
It'll be a short rally though, besides Asian markets to settle again soon,
and then reversing their "fleed into the dollar" capital(US and Eur-bonds),
Germans' unemployments rates are dropping dramaticaly, the DAX
(and also same positioned French CAC) are already steep Up-trending
because of this 'new rise in economic growth' evidence.
One have to remember that the Germans were underperformers for a
while, due to the extreme unification costs when The Berlin Wall collapsed,
wich had an indirect impact on Europe economies as a whole too.
Japan faces elections for their senior chambres(Senators) in july98, this
could stop them temp from making the inevidable decisions.
When will they wake up?
Regards,
Ton Maas
Ms-IRB@xxxxxxxxx
-----Oorspronkelijk bericht-----
Van: Essan Soobratty <trader@xxxxxxxxxxxxxx>
Aan: realtraders@xxxxxxxxxxxxxx <realtraders@xxxxxxxxxxxxxx>; metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Datum: zondag 21 juni 1998 18:29
Onderwerp: Japan
>Reading some of the news items it would seem that the G7 deputies
>get-together at the weekend resulted in very little being offered by the
>Japanese. Sakakibara's statement on Saturday had a lot of negatives: No
>specific pledge on bad debts, No real progress in talks to close
>insolvent banks and only "intentions" of reviewing tax reforms. All in
>all, not specific plans on rescuing their economy
>
>My initial reading on last weeks intervention was that it was done
>because the Japanese had conceded to stimulate their economy in return
>for Rubin's help. Now it seems more that the intervention was ordered
>by Clinton as a gesture to China ahead of the upcoming visit by
>Clinton/Rubin.
>
>Unless something concrete is announced I expect the dollar to resume its
>rally for now.
>
>Any counter thoughts? Anyone?
>
>
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