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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
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DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 30, 2011 2:00
I don't know Chloe but I do know that Greece needs to pull out of the eur currency for its ultimate salvation. Great pain will ensue for the longer term good of the nation. It will impact upon the rest of euroland but that's just tough for ever having the silly idea of a common currency in the first place.
chloethebull
halifax, Canada
Posts: 1183
13 years ago
May 30, 2011 1:47
hey dave im not 100% sure but i thought i read somewere that imf official said greece cant do that with or privitize its assets..again i could be wrong:(..gl/gt:)
chloethebull
Canada
Posted Anonymously
13 years ago
May 30, 2011 1:44
hey dave, in the 2step if the t/p(extention levels) are not reached and price action becomes weak an falls back to the (a)low of the abc does that make the 2step invalid or can it bounce off that low and resume towards the extention levels,or is the C(61.8-76.8) move the more important level that shouldnt be breached(invalid).ok thanks:)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 30, 2011 1:44
I suppose it depends upon how the balance sheet has been valued !!!

I find it very sad that Greece is now having to sell hard assets. 3 historic ports already on the market.
Ashraf Laidi
London, UK
Posts: 0
13 years ago
May 30, 2011 0:48
From MNI FX Bullets:

UK PRESS: Talk about Greece reneging on debt commitments "has been very
damaging" and suggests "that investing in the euro area is unsafe,"
European Central Bank executive board Lorenzo Bini Smaghi says in an
interview with the Financial Times. Even for a country that flouted
eurozone fiscal rules for a decade, "a debt restructuring, or exiting
the euro, would be like the death penalty which we have abolished in
the European Union," he says in the report. Across the eurozone and
beyond "the destabilizing effect could be dramatic," he added. "Poor
developing countries have no assets, their income is low, and so they
become insolvent easily. If you look at the balance sheet of Greece, it
is not insolvent."

Ashraf
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 29, 2011 23:38
Nah, vacation starts 6th June. I shall be taking my laptop but only to manage any positions and keep on top of the mail :-)
chloethebull
halifax, Canada
Posts: 1183
13 years ago
May 29, 2011 23:27
dont forget u.s markets closed tomor so light volume might push it to 1.440-50 area..not looking good for 143030-40s to hold..gl guy :)(dave u on vaca now if so get off the freakn computer lol)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 29, 2011 23:18
I have significant resistance at 4368 and then 4446/4453 cluster for any further upside.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 29, 2011 23:09
It would seem China's destiny to buy everyone's bonds :-)
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
May 29, 2011 22:00
Eur regains strength despite terrible news from Ireland: more ( much more) bailout money required. However eur net shorts surge. Possibly EURUSD will run up to 1.44 as USDx weakens further. CHF weaker, too.
But JPY rather strong. Could be China continues to buy Jap bonds.
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