All you Euro bulls can forget 1.42 for now.
Disliked...I might open a what I call "joker trade" (very risky) and go short term LONG EUR/USD.. I will check tomorrow morning if I get a setup for that.. CheersIgnored
DislikedI don't really care about what S&P doing.
This news are fantastic opportunities to buy the EUR at a lower price.Ignored
Dislikedthats already doneIgnored
DislikedVery true. But I wouldn't be too bullish until Greece gets its next â‚¬8 Billion tranche approved.Ignored
DislikedThe "Troika" have not given a last go ahead on how Greece is doing, if the criteria for getting it, is all in place.Ignored
DislikedHmm I must have missed that. Where was it published?
UPDATE: The €8 Billion tranche has not yet been approved. It is only assumed that it will be... and you know what they say about assumptions.Ignored
DislikedIt will be published late september or early october. For now EU & IMF urges Greece to work harder on its budgetary deficit. In this way the 8B will get smaller.
The other option is to let Greece go bankrupt. IMHO that is absolutely no option because in that case, even a small EU country like the Netherlands will lose 80 billion as a consequense (thats 8% of its GDP!!!). What about France and Germany then...Ignored
DislikedYes Konrad. I understand what you mean and I agree a default would be a disaster. But borrowing more money to pay what you already cannot pay is an even bigger disaster waiting to happen.
Regardless, you are only assuming based on what you believe to be logic.Ignored
Dislikedbecause you are currently short....
jk... we are due for a techie retrace... plus there may be some sentiment of the Fed doing more than just Operation TwistIgnored
DislikedThanks .. why does the techie retrace occur ? Is it because it opened with a gap yesterday ?Ignored
Dislikedhi piptrapper, why are we seeing eurusd rising so high today?Ignored
Dislikedthanks piptrader. being quite new to forex, i noticed that "news forecast" from forexfactory and forexcrunch are many a time quite the opposite of reality. each time they forecast a number, the expected results should be according to the forecast, in theory, but it just simply goes the other way. How do I interpret such forecasts and results.Ignored