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  • Cyprus: reports circulate that parliament is unlikely to approve bail-out levy

    From forexlive.com

    Not sure how long this has been out there but there are reports that a cypriot government spokesman says that parliament is unlikely to approve the bank deposit levy and that they continue to seek ways to limit the fall-out on smaller deposits. Would help explain cap on further euro advances for the moment

  • #1
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  • Mar 19, 2013 2:35am Mar 19, 2013 2:35am
lols
  • #2
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  • Mar 19, 2013 2:38am Mar 19, 2013 2:38am
the people will take out their money on thursday no matter what they approve... they have shoot them selfs in the knee ...
  • #3
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  • Mar 19, 2013 2:42am Mar 19, 2013 2:42am
  •  Trader#05A2
  • | Status: Unregistered Trader
There's some nice fakeout moves on e/u right now...false spike higher and then one lower. Right back to the 1.2950ish level. I'm sticking with buying dips between 1.2920-40 with a s/l below 1.2880 and t/p around 1.3050. But if you're a bear...selling around 1.2970-90 wouldn't be a bad entry with a s/l just above 1.3000 and t/p near 1.2890
  • #4
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  • Mar 19, 2013 2:47am Mar 19, 2013 2:47am
Cyprus banking system is on the verge to collapse. Whatever limit they impose on deposits, everyone will take out the rest of their funds on Thursday or whenever bank opens. Can they survive with those 6.75% or 9.9% depositor's funds...?

For the time being, Yes they do. But what happens in long term, will their economy survives with those empty banks, what will they do then.... They are dead for sure & everyone will laugh on them.....

Unaware about the circumstances, Draghi still sleeping with his wife. Someone seriously need to wake him up...
  • #5
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  • Mar 19, 2013 3:03am Mar 19, 2013 3:03am
  •  Trader#05A2
  • | Status: Unregistered Trader
Clearly defined support levels on e/u...1.2880 yesterdays low(and major correction higher after price reached here. 1.2900 psych level and price was only below it a short time(never retested after going higher). 1.29250 price was rejected twice yesterday and went higher 50+ pips each time. And now 1.2935...triple bottom during asian session. While price is capped between 1.2960-80...there are clearly higher lows forming.
  • #6
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  • Mar 19, 2013 3:15am Mar 19, 2013 3:15am
Quoting Forexgain
Cyprus banking system is on the verge to collapse. Whatever limit they impose on deposits, everyone will take out the rest of their funds on Thursday or whenever bank opens. Can they survive with those 6.75% or 9.9% depositor's funds...?

For the time being, Yes they do. But what happens in long term, will their economy survives with those empty banks, what will they do then.... They are dead for sure & everyone will laugh on them.....

Unaware about the circumstances, Draghi still sleeping with his wife. Someone seriously need to wake him...
The uncertanty is just as bad as a negitave result. And no matter the terms they are going to set even with easing conditions for the bailout, things are looking bad. All the markets are holding there breath for the gun to go of and once it goes of its a race downhill. The markets have prepaird themselfs for it and one can almost say its gonna contribute largely to the sell of in part that we as traders from all markets create.

With no good news or reports to push the markets in a positive direction. Id say it has the potential to be one of "The big ones" But as we all know in Forex nothing is set in stone so how do the say time will tell. Iter way its gonna make for good trading. Im a 20 yo newbee so I am open for critisim and alternitive oppinions.
  • #7
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  • Mar 19, 2013 3:18am Mar 19, 2013 3:18am
We will face fake move as london open !
Every excuse is a choice to fail !
  • #8
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  • Mar 19, 2013 3:23am Mar 19, 2013 3:23am
Be SCARED, BE VARY SCARED!!! Run to your bank and get out as much money as you can!!!! Better yet, RUN as fast as you can to SOMEONE ELSE S BANK AND TAKE OUT THEIR MONEY!!!! Governments can do it, Why can't WEEEEEEEEE!!!!!!!!!!!!!
  • #9
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  • Mar 19, 2013 3:26am Mar 19, 2013 3:26am
support
  • #10
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  • Mar 19, 2013 3:29am Mar 19, 2013 3:29am
Quoting jjreynolds
Be SCARED, BE VARY SCARED!!! Run to your bank and get out as much money as you can!!!! Better yet, RUN as fast as you can to SOMEONE ELSE S BANK AND TAKE OUT THEIR MONEY!!!! Governments can do it, Why can't WEEEEEEEEE!!!!!!!!!!!!!
you create panic. in our days those who create panic in the bank go to jail.
so pray that some institutions will not read your comment.

why it matters, cause panic creates bank collapse. collapse creates global financial crysis like in 2008.

its doesnt matter from what country you are. there is international law that is in your country too.
  • #11
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  • Mar 19, 2013 3:34am Mar 19, 2013 3:34am
Quoting Guest
Clearly defined support levels on e/u...1.2880 yesterdays low(and major correction higher after price reached here. 1.2900 psych level and price was only below it a short time(never retested after going higher). 1.29250 price was rejected twice yesterday and went higher 50+ pips each time. And now 1.2935...triple bottom during asian session. While price is capped between 1.2960-80...there are clearly higher lows forming.
You've written pretty much the same post over the past few days on various news threads...are you going with the old adage if you spam it loads of times it will come true?

Perhaps you should register instead of spamming as a guest Mr. XX.XXX.91.222.
  • #12
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  • Mar 19, 2013 3:38am Mar 19, 2013 3:38am
  •  Trader#05A2
  • | Status: Unregistered Trader
Will this be a quadruple bottom at the 1.2935 area on e/u??? We will find out in 7 minutes!
  • #13
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  • Mar 19, 2013 3:41am Mar 19, 2013 3:41am
  •  Trader#05A2
  • | Status: Unregistered Trader
Quoting gustavhunter
You've written pretty much the same post over the past few days on various news threads...are you going with the old adage if you spam it loads of times it will come true?

Perhaps you should register instead of spamming as a guest Mr. XX.XXX.91.222.
add some mac&cheese to that spam and you have a great dish! haha

kidding aside, I saw a lot of posts yesterday about kissing the euro goodbye and it would go down to 1.2800 or I saw one that said 1.2600. Too many people looking to sell, so I am just posting my opinions like everyone else. I may be right, I may be wrong...but that's why I also use stoplosses!
  • #14
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  • Mar 19, 2013 3:48am Mar 19, 2013 3:48am
  •  Trader#05A2
  • | Status: Unregistered Trader
Nice rejection at 1.2935 for the 4th time during Asian session. Moving my s/l up to 1.2917 and keeping tp at 1.3057(entry at 1.2937). Can't be a Risk/Reward of 1:6!!!
  • #15
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  • Mar 19, 2013 4:49am Mar 19, 2013 4:49am
  •  Trader#05A2
  • | Status: Unregistered Trader
Ouch, just got my stop by 1 pip and now it's right back up above 1.2930!!! Hate when that happens...Where is johah and his good advice of not advertising your stoplosses? haha Glad I moved up my s/l to only a 20pip loss though, can easily recover that. For the euro bears...I wish you luck, hopefully e/u will go below 1.2900 for you. I'm going to wait and see if price can clear this range area before I get in again.
  • #16
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  • Mar 19, 2013 5:21am Mar 19, 2013 5:21am
You think that your broker hunts your 'advertised' stops? Ask yourself what psyche levels you placed your stop at. The character Jonah has departed from this cradle of intellect.

Quoting Guest
Ouch, just got my stop by 1 pip and now it's right back up above 1.2930!!! Hate when that happens...Where is johah and his good advice of not advertising your stoplosses? haha Glad I moved up my s/l to only a 20pip loss though, can easily recover that. For the euro bears...I wish you luck, hopefully e/u will go below 1.2900 for you. I'm going to wait and see if price can clear this range area before I get in again.
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  • #17
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  • Mar 19, 2013 8:43am Mar 19, 2013 8:43am
I also agree that it is going to be difficult to vote for the memorandum. The ruling party that was elected just 3 weeks ago does not have the majority. They need 29 deputies and have only 28. Additionally it is estimated that the big investors have deposited more than 40 billions in Cypriot banks. So you can imagine that a 10-15% represents 4-6 billions, enough money to influence some more deputies.
The Cypriot minister of finance is in Moscow right now for talks with the Russian government. So everything is possible.
  • #18
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  • Mar 19, 2013 3:09pm Mar 19, 2013 3:09pm
Quoting Spreadbetter
You think that your broker hunts your 'advertised' stops? Ask yourself what psyche levels you placed your stop at. The character Jonah has departed from this cradle of intellect.
He has thankfully departed, but I'm wondering if he still likes to post here and there. I wonder if a certain guest and he share the same IP address?
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  •  Trader#CDAE
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  • Posted: Mar 19, 2013 2:18am
  • Submitted by:
     Newsstand
    Category: Medium Impact Breaking News
    Comments: 18  /  Views: 7,659