Chatter About Cyprus Quitting The Euro Weighing

That is a joke. There is a big room for keeping Euro area safe.

Another absurd rumor.. Moving the market. What about Greece. Does greece leave the euro ? Nothing will happen. Cyprus will stay ...

This threw away a good last opportunity to buy EURO. Those who bought will party tomorrow & those who didn't will regret their decision later on...

why JPY down so fast....

buy the fact.lol

buying GBP JPY

Good call.

i think its a buy time for
EU

Your saying go long ? Anything spesific ?

Lets say Cypris takes the bailout wat will the result be ?
And what if they dont what will the market do ?

staying in the Euro zone and passing the Levy bill is the only thing that will save 90% of the deposits. No bill = loosing 100% as the banks colapse and the deposits disapear. Eurozone has a generous proposal to save the Cyprus banking system. TAKE THE DEAL

I dont expect to see Euro high, it will sink but not to ZERO.

There is no choice but to go long euro. twice yesterday it was rejected at 1.2920 area and today the same exact thing! Cyprus is a non-factor at this point...all the news is out already, the rest is just rumours. Obviously someone is supporting the euro or it would be well below 1.2900 by now. Is it the ECB, Bernanke, Russia...I have no clue...I just know as long as price hit's the 1.2920 level, I'm a buyer and taking profits 1.2950+. Until that trend changes, I'm going to milk it for every pip I can! I'll only be wrong once.

[quote=Cornelis;6527224]Lets say Cypris takes the bailout wat will the result be ?
And what if they dont what will the market do ?[/quote

I think in both way it will not be good for EUR, ,...

in first case if they accept it will be same as blackmail .....

in second case if they don't then maybe Bankruptcy is on the way and possible exit from eur,...it will be the first country force to leave eur.

But maybe Eur want to go down now, because if don't they will never come out with that condition of bailout, or maybe they don't want Cyprus in EZ any more...

If Russia don't help then the return to the Cyprus pound is a one way road. The EURO will be shocked even if the country is small. Because bigger countries will follow for sure. As long as Germany's interest is on favor for crisis, expect more and more evil things to come.

Yen pairs start to reversal, keep short.

Stick to Safe Haven Currencies

i am still hold my sell from 3070 when post this text

but my self think Cyprus exit EZ was send by some seller to get benefit from this condition.
last year Greece exit EZ also become hot issue.


my self think ECB gonna do something, but still i am more choose US than EZ, because this effect (uncertain condition) will keep more few day.

with cyprus parliament reject deposit levy, then market waiting what "Plan B" are Cyprus gov. gonna did.
and some big player gonna use it to send another issue, and with panic condition, collapse of the EUR/USD are very easy to happen, no matter it just issue/rumours
1.26 are easy to aim