Greece could default within hours | Forex Factory

Greece could default within hours | Forex Factory

Greece could default within hours

From telegraph.co.uk

So this is it. After three years of high drama, the European Union is staring at its first ever sovereign default. And ironically, unlike every other deadline so far, this one looks set to happen precisely on time. At 8pm GMT on Thursday, the authorities will know - or have a very good idea - how many of Greece's international creditors have accepted its €206bn (£172bn) bond-swap offer. The results will probably take a few days to come out - Athens has to put its decisions through Brussels' sluggish decision-making processes. But this time it isn't up to the politicians so the possible outcomes are clearer: A ... (full story)

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Mar 8, 2012 12:19am — Edited

Louise Armitstead is the Telegraph's Chief Business Correspondent, covering the City of London's relations with Westminster, as well as corporate and financial news. She joined the Telegraph in 2008 from The Sunday Times.

She is just selling her newspaper by dramatizing the news and providing obsolete information. vast majority of bondholders are willing to accept the deal.

Mar 8, 2012 12:41am

http://www.ft.com/cms/s/0/2ca5d07a-6874-11e1-a6cc-00144feabdc0.html#axzz1oVMAke9D

http://www.forbes.com/sites/steveschaefer/2012/03/07/more-bondholders-join-greek-debt-swap-before-thursday-deadline/

Mar 8, 2012 9:59pm

I only pay attention to the charts,... here's what I thought a few months ago:
"It seems to me that all of these conflicting rumors are designed to test the markets reactions and to desensitize traders to these rumors

If they float enough rumors, then pretty soon they will stop having such a dramatic effect on the volatility of the day. So that, when the end truth finally comes out.... no one will even care anymore."

>>> http://www.forexfactory.com/news.php?do=news&id=323384#post5092636

Anyway... that's what I still think.

Mar 8, 2012 4:52am

What a newspaper!!
It is there any serious person that read this tabloid ???
A very promising agreement its going on right now between Greece, PSI and OSI.
The last 3 years during the Greek depth crises I had copy all the predictions that the above newspaper published and all of them was faraway from reality
I don’t really know how made their analysis - paralysis
but is deadly wrong !!

Mar 8, 2012 1:49am

Greek bond swap offer "going well" - govt official
http://www.reuters.com/article/2012/03/08/greece-bonds-idUSL5E8E813U20120308

And these news influences his eye the markets. The dealers, than the children believe all anonymous shit.

Mar 7, 2012 11:25pm

Let's get it on and put this matter to bed once and for all.....how can such a small contributor to the EZ economy cause so much damage to the rest of the EZ? Answer = Trichet

Mar 7, 2012 11:33pm

Quoting krunfx

Disliked

buy the rumors...SEELLL thr fact..hahaha

Ignored

No thanks hu hu hu

Mar 8, 2012 3:56am

They are pushing it up so it has room to fall....

Mar 8, 2012 6:27pm

i didn't see any signs for a significant dive, yet. so i'm going with 1.36.

Quoting mima

Disliked

well, my crystal balls are frozen...so asking audience: 1.36 or 1.26?

Ignored

Mar 8, 2012 6:28pm

oh. and it's past 8pm gmt thursday... where's the default?

Mar 7, 2012 11:27pm

buy the rumors...SEELLL thr fact..hahaha

Mar 7, 2012 11:20pm

It probably will.

Mar 7, 2012 11:31pm

If you think the EUR is up now, wait until tomorrow, Ny time. 1.3240

Mar 8, 2012 10:01pm

I suppose I could have written it better, but these rumors are to be tossed aside like the joke they are.

Mar 8, 2012 4:07am — Edited

As always false news from Telegraph.

Mar 8, 2012 12:06am

They will get some kind of deal done to patch things up again. And the world will continue to ignore the fact that the Emperor has no clothes.

Mar 8, 2012 6:11am

I get the feeling that every 2000 years Greeks make their contribution to the world

Mar 8, 2012 2:47pm

To this last Guest or for anyone who knows : Why 20 March ?

Mar 8, 2012 12:08am — Edited

even the Decade consists of hours... so it's possible within hours

Mar 8, 2012 1:01am

Quoting mima

Disliked

Can you guarantee bull shit you wrote?

Ignored

can u guarantee is a bullshit?

Mar 8, 2012 1:05am

Nobody can guarantee anything

Mar 8, 2012 1:30am — Edited

Quoting mima

Disliked

That is why I said that is bull shit...Read the chart.

Ignored

agree with u..."Read the chart" is my motto too

Mar 8, 2012 1:50am

in this volatile environment in terms of fundamentals
the chart is the only notable landmark

Mar 8, 2012 1:54am

Quoting Sanguis

Disliked

Greek bond swap offer "going well" - govt official
http://www.reuters.com/article/2012/...8E813U20120308

Ignored

q.e.d.

Mar 7, 2012 11:04pm

within a decade i would believe. not within hours.

Mar 8, 2012 1:57am

Yesterday onto Wall Street Journal QE article you tear everything. With incredible small traffic. Who had that article written?

Mar 8, 2012 4:12am

Quoting Guest

Disliked

euro still going up, obviously the market traders don't believe Greece will default....

Ignored

too bad to be "truth".

Mar 8, 2012 8:56am

Greece: sources in Papademos’s office say briefing cabinet on progress. Government spokesman “may have something to say later,”

Mar 8, 2012 8:58am

Greece hold-outs update: six out of 15 state-controlled pension funds still refusing to participate as 8pm deadline approaches, says Kerin

Mar 8, 2012 9:01am

Are the Greek cops still refusing to participate in the PSI? What happens when they too are coerced into a "voluntary exchange?"

Mar 8, 2012 8:47am

May not be default.... but trust is definately gone on euro countries...

Next time market will charge higher rates... as simple as that...

Mar 8, 2012 8:19am

Quoting tranco

Disliked

What a newspaper!!
It is there any serious person that read this tabloid ???
A very promising agreement its going on right now between Greece, PSI and OSI.
The last 3 years during the Greek depth crises I had copy all the predictions that the above newspaper published and all of them was faraway from reality
I don’t really know how made their analysis - paralysis
but is deadly wrong !!

Ignored

When somebody only returns about 45% of what you loaned them - it's a default. I don't care what the technicalities are. Also, CDS agreements could likely be triggered by the "agreement". That will be fun.

Mar 8, 2012 7:05pm

Quoting Scrat

Disliked

oh. and it's past 8pm gmt thursday... where's the default?

Ignored

Well this morning (EST) market was driving EUR up on hope for Greece deal...and market is right so no default...

Mar 7, 2012 11:00pm

What that means can anyone explain

Mar 8, 2012 3:36am

Could, should, would... How utterly amused I am by the Telegraph -- day in, day out.

Mar 7, 2012 11:40pm

It would be very strange that markets celebrates loses of their fellows investors...

Trader#A416

Mar 7, 2012 11:43pm

Stop the Fear propaganda. It will be resolved. 66% or 90% it will not matter. CDs or no CDs it will not matter. Force or voluntary it will not matter. Greece will get additional funds from hard working Germans. Eu/us will reach 1.36 or higher. Stop the bs. Dow reaches 13k by next week.

Trader#2F82

Mar 8, 2012 12:09am

Quoting Guest

Disliked

Euro is manipulated i wonder if it will rally if Greece defaults lol.

Ignored

anything is possible with manipulators
but euro will not see 1.32- back to 1.30 and a fall down down down further on
story finished

Mar 8, 2012 12:16am

Quoting Guest IP XXX.X.28.194

Disliked

...Eu/us will reach 1.36 or higher...Dow reaches 13k by next week.

Ignored

Can you guarantee bull shit you wrote?

Trader#2F82

Mar 8, 2012 12:16am

Quoting wildbill2u

Disliked

They will get some kind of deal done to patch things up again. And the world will continue to ignore the fact that the Emperor has no clothes.

Ignored

that may be a possibility but lets say greece default, i do not see euro falling as ppl think it would do just as when euro was at 1.3480 and all ppl thought it is gonna spike to 1.37 or even 1.40
manipulators will manage holding euro from falling sharp 1.30 will be a key but not end of war if broke
do not expect euro falling like 500 pips
nor spiking to 1.37 or 1.40 it will not pass 1.35 in Top Manipulation Game
wake up from ur dreams people

Trader#2F82

Mar 8, 2012 12:19am

imagine we get a live breaking news at final hours of bailout decision saying:
"LADIES AND GENTLEMEN GREECE BAILOUT DECISION HAVE BEEN POSTPONED TILL ?????
HAHAHA WILL THEY DO IT AGAIN AND LAUGH AT U PPL HAHAHA

Mar 8, 2012 12:34am

Quoting Chicky

Disliked

....vast majority of bondholders are willing to accept the deal.

Ignored

Do you have proof?

Mar 8, 2012 1:04am

Do agree, it's bs!

Mar 8, 2012 1:18am

Quoting johnel

Disliked

can u guarantee is a bullshit?

Ignored

I did not make any statement regarding market and its possible move...Those who does is plain bull shit...

Mar 8, 2012 1:25am

Quoting johnel

Disliked

Nobody can guarantee anything

Ignored

That is why I said that is bull shit...Read the chart.

Mar 8, 2012 1:31am

Quoting Chicky

Disliked

....

Ignored

pure guessing!...same as yours, mine or someone's else...you don't like telegraph's witer and you like more ft's or forbes's writer is your personal preference.

Mar 8, 2012 2:12am

Euro still strong!!!
http://www.bloomberg.com/news/2012-03-07/investors-with-39-of-greek-debt-agree-to-join-in-swap-iif-says.html

Trader#A416

Mar 8, 2012 3:48am

Quoting mima

Disliked

Can you guarantee bull shit you wrote?

Ignored

No. You can't guarantee you predictions either. No one can. Follow your strategy and I'll follow mine. If I'm wrong then I'll own it.

Mar 8, 2012 4:03am

O boy, there are so many news, comments but where is joana7 with her comments?...usualy she has 100 posts per day...

Mar 8, 2012 4:32am

I sold eur/usd at 3213, is anyone else going to trade it?

Mar 8, 2012 5:47am

According to Greece officials' statements investors lined up to accept loses...Very impresive. I just wonder how they got so motivated?

Mar 8, 2012 6:24am

What a bull...t newspaper.
Unfortunately tranco people read and believe these newspapers.
If only I had a Euro for every 'Greek default'

)

Mar 8, 2012 6:29am

The kind of authors who go out and look for short. -- not a trader, only wants to attract people's attention

Mar 8, 2012 6:51am

Quoting tranco

Disliked

I get the feeling that every 2000 years Greeks make their contribution to the world

Ignored

i agree wit u.....

Mar 8, 2012 6:58am

stay out...manipulators are trying to take your money

Trader#2F82

Mar 8, 2012 9:18am

Read why euro is overvalued and greece bailout is just a tool for manipulators:

Greek unemployment hit another record high in December and for the first time the number of young people without a job outnumbered those in work.
The average unemployment rate for 2011 jumped to 17.3 percent from 12.5 percent in the previous year

Youth were particularly hit. For the first time on record, more people between 15-24 years were without a job than with one. Unemployment in that age group rose to 51.1 percent, twice as high as three years ago.

A record 1,033,507 people were without work in December, 41 percent more than in the same month last year. The number in work dropped to a record low of 3,899,319, down 7.9 percent year-on-year.

Ask yourself why eurousd is at 1.30 gbpusd at 1.58
both overvalued currencies gbp and euro must go down to parity versus dollar for a fair value like audusd nzdusd usdcad

Trader#2F82

Mar 8, 2012 10:40am

they will ride us with the greece bailout drama- must not it had been closed 1-2 weeks ago- will they spend all coming months talking about the deal that will going to be done but when!!! no expiry date but extended one!!!
today they will extend it to 20 march or further and we must live with manipulated market once again
my opinion gbpusd eurousd fair value is somewhere near parity
anyway- my short at 1.3253 valid till 200pips take profit

by the way, when is the supposed exact deal expiry time
i bet gonna drag it to asian session or to 20 march

Mar 8, 2012 3:40pm

well, my crystal balls are frozen...so asking audience: 1.36 or 1.26?

Mar 9, 2012 12:30am

The ECB could say that Greece has defaulted and the market would still play it down.

Trader#698C

Mar 7, 2012 11:06pm

Euro is manipulated i wonder if it will rally if Greece defaults lol.

Trader#D63D

Mar 7, 2012 11:22pm

What the xxxx? If Greece is defaulting, why is EUR up?

Trader#2802

Mar 7, 2012 11:32pm

short for buy... sell for long.. and long... and long... bye2 greece... poor euro..

Trader#DE58

Mar 8, 2012 1:08am

hi plz am new here i need some help 2 go back to the trade bcos i have lose.

Trader#6C32

Mar 8, 2012 1:12am

It's a done deal

Trader#DF59

Mar 8, 2012 3:12am

euro still going up, obviously the market traders don't believe Greece will default....

Trader#3EF3

Mar 8, 2012 3:43am

Quoting mima

Disliked

I did not make any statement regarding market and its possible move...Those who does is plain bull shit...

Ignored

You were advocating 1.36 recently

Trader#0A1A

Mar 8, 2012 7:08am

this daily telegraph is such a useless paper

Trader#D26F

Mar 8, 2012 9:26am

Just follows the fundamental, Eur going up because the debt swap it reach deal. But anyway i think for long term Eur would be down trend. Historical crisis, save haven all demand still keep US

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Mar 7, 2012 10:50pm
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