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  • EU officials expect Greece to default but stay in eurozone

    From telegraph.co.uk

    Intense talks are taking place in Berlin, Paris, Frankfurt and Brussels about how to manage a Greek default in the short to medium term. “It is not now but a question of when and how, not if,” said a source. EU diplomats, both inside and outside the eurozone, now believe that in the single currency long run Greece “may decide to leave” because of its need for depreciation will make it necessary. In the absence of other structures, a consensus is emerging that the European Central Bank will have to monetise debt by buying large quantities of Greek bonds to keep banks, especially in France, afloat. A huge ... (full story)

come on we want to make some money
which way u want to make money? up or down?
and Yet the eur is holding at 1.3450.. interesting
down
Come Eur go up now , world economy is in your hand, take euro up, other wise there would lots of problem in other country as well as U, USA you also support to bring EUR up you are also in trouble
it is better that they keep on bail-out... so we have a chance every 3 month
telegraph is always ringing the same bell against euro ,boring ...
euro should go down , but who will go up ,gbp,usd? so it is not the euro strenght but the whole economy weakness , where is employment up ? that's the key ..
The PIIGS are dead horses; flogging a dead horse leads nowhere;
Suggestions:
--- EU must come out with a strong mandate to print more Euros and beat down EUR/USD to 0.9000 to help the PIIGS to become competitive, EUR/USD at current rate is too high and the PIIGS can’t fly to generate much needed revenues;
-- increase retirement age to 75; with retirement age raised to 75, many people will die on the job and have no chance for retirement benefits; its harsh but this is new dawn of reality, you can’t design a welfare State while strong and able bodies are collecting welfare benefits at 60; design a system for the elderly office workers to work from home.
There is always a price for promises you don't keep!
Be ready for the collapse of Euro!
Quoting Yao
and Yet the eur is holding at 1.3450.. interesting

Euro is holding up 1.3450 because of rumors, hopes and US bad data .. Once it surpasses 1.34 there aint going to be comeback so soon.. 1.29 next target
yep, sounds reasonable.. the question is now.. how much is that already priced in? I'm not sure frankly..
so Greece defaults but stays in the EZ, they start printing dachmas, and devalue their currency, yet their debt remains in Euros.
seems like it gets worse for Greece, and who is going to give them their ridiculous entitlements?
USD will appreciate, slowing down exports in the US, The Feds wont like this at all, they want to depreciate and inflate the debt
AVT INVENIAM VIAM AVT FACIAM
Quoting Yao
and Yet the eur is holding at 1.3450.. interesting
Yao, an orderly default by Greece is already baked in.
What will take the euro further down now is when it retraces back up to the waiting sell limit orders.
On a technical level, I project that at approx 1.3495 and failing that, approx 1.3585
Those who say it cannot be done should not interrupt those who are doing it
Quoting PipTrapper
Yao, an orderly default by Greece is already baked in.
What will take the euro further down now is when it retraces back up to the waiting sell limit orders.
On a technical level, I project that at approx 1.3495 and failing that, approx 1.3585

@Piptrapper - you mean to say a retrace is a probability now before the great fall ?
Also, on the 5 min and 1 min charts, 1.3495 is just above the neckline of an inverted head/shoulders. If this inverted H/S pattern does what it is supposed to do (it doesn't fail), then we will most likely see the 1.3585 level before a continuation downwards. However, there is a lot of resistance at 1.3495.
Let's see what happens.
Those who say it cannot be done should not interrupt those who are doing it
Quoting LearninForex
@Piptrapper - you mean to say a retrace is a probability now before the great fall ?
we already are in a retrace. Question is how far it will go before the anticipated "great fall"
Those who say it cannot be done should not interrupt those who are doing it
Quoting PipTrapper
we already are in a retrace. Question is how far it will go before the anticipated "great fall"
agreed ! This retrace just like earlier one has caused some minor losses ! Need to learn or may be identify the retrace.. its high time for me
Quoting DragonFire
The PIIGS are dead horses; flogging a dead horse leads nowhere; Suggestions: --- EU must come out with a strong mandate to print more Euros and beat down EUR/USD to 0.9000 to help the PIIGS to become competitive, EUR/USD at current rate is too high and the PIIGS can’t fly to generate much needed revenues; -- increase retirement age to 75; with retirement age raised to 75, many people will die on the job and have no chance for retirement benefits; its harsh but this is new dawn of reality, you can’t design a welfare State while strong and able bodies...
Do you mean PIGS or PIGUSA?
China Russia Poland Brazil etc. are selling USD to hold up the euro
Quoting wkeidson
China Russia Poland Brazil etc. are selling USD to hold up the euro
I don’t really know what they buy or not , the only that I know for as long as it concerns
infrastructure you are away more sophisticated than we are .
So with the present situation USD get better change than Euro
Don’t forget it’s a unified currency reflected by the same assets which Euro its not
Quoting tranco
I don’t really know what they buy or not , the only that I know for as long as it concerns
infrastructure you are away more sophisticated than we are .
So with the present situation USD get better change than Euro
Don’t forget it’s a unified currency reflected by the same assets which Euro its not
Brazil is selling because the up trend of USD is very bad for many company and contribute for inflation. Just it.
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  • Posted: Sep 22, 2011 11:44am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 22  /  Views: 3,937