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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
Coming onto euro do any of you really think that greece will default, what are the impacts for europeon economy if greece defaults, the implication are huge and all europe and specifically euro will faulter like anything we have seen. .85 will be the target for eurusd if this happens. DO YOU REALLY THINK EUROPE IS READY FOR THIS?
May be and may be not, if yes you are lucky if not you loose money. Any ways going long euro was not such a bad option but i posted something safer guys why not go long eurgbp at 86.50 and 86.10. Must be wandering about stop losses none wat so ever the only valid sl is below 84. i have 10 positions to add before 84 . Dont worry i am talking about mini lots.
Very likely Greece will get some aid tomorrow sort of bridge. I don't believe EU allows default.
At least not now. Must come up with some workaround to legal constraints or risk open questioning whether the Euro construct is viable at all. Greece is just a TINY headwind! And Eur is a POLITICAL construct and hence political currency. That is the core of EU's problem euro was designed like a machine on a drawing board but without instruction manual how to fix it in case of malfunction ... that is politics at its best.
i am quite sceptic and wHEn i am sceptic my brain dictates me strange hypothesis to verify
and right now...
WOULD WAIT 1150-55 TO TELL U TO MAKE A SHORT MOVE. BUT FOR THE MOMENT DONT HURRY TAKE UR TIME, THERE IS NO ADMIRAL IN THE BAND.
sOs band
said are you coming for the ride?
anybody following
The disadvantage it loses all value if the knockout barrier is hit or crossed. There is no margin call, however. Contracts for difference ( CFD) are cheaper ( the spread is smaller) but these have the risk of margin calls. basically if you buy a 100:1 knockout turbo or CFD for 1 k you actually move 99k credit.