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  • Greek Capital Controls Begin: Banks, Stock Market To Remain Closed From Monday

    From zerohedge.com

    Despite the reassurances from any and all elected (and unelected) officials, given the run on bank ATMs in Greece has turned into a stampede, it is not surprising that: *GREEK BANKS TO REMAIN CLOSED FROM MONDAY: PIRAEUS BANK CEO *PIRAEUS BANK CEO THOMOPOULOS SPEAKS TO REPORTERS IN ATHENS Reuters is also reporting that the Greek stock market will not open on Monday (leaving us wondering just what that will do to the Greek ETFs liquidity in US markets) as hedgers scramble to protect un-closable losses wherever they can. Greek speculators just got CYNK'd - You can't "sell" what isn't open... Greek financial source ... (full story)

Yee-haa!

"Which is ironic considering just earlier today Varoufakis said he is opposed to the "very concept" of capital controls:" which is political speak for 'we are already out, Jack'.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
Tomorrow roller coaster in everithing you can trade Good i suppose most of index and stock would be red togheter at all EUR cross
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Lagarde: IMF stands ready to help

A statement from Christine Lagarde, managing director of the International Monetary Fund, just landed in our inboxes.

Lagarde is reiterating that the IMF believes Greece’s debt sustainability needs to be addressed -- code for saying that the eurozone must put more money up. And the Fund is still prepared to work with both sides.

Lagarde says:

“I have briefed the IMF Executive Board on the inconclusive outcome of recent discussions on Greece in Brussels. I shared my disappointment and underscored our commitment to continue to engage with the Greek authorities.

“The coming days will clearly be important. I welcome the statements of the Eurogroup and the European Central Bank to make full use of all available instruments to preserve the integrity and stability of the euro area. These statements underscore that the euro area today is in a strong position to respond to developments in a timely and effective manner, as needed.

“The IMF also will continue to carefully monitor developments in Greece and other countries in the vicinity and stands ready to provide assistance as needed.

“I continue to believe that a balanced approach is required to help restore economic stability and growth in Greece, with appropriate structural and fiscal reforms supported by appropriate financing and debt sustainability measures. The IMF is prepared to continue to pursue that approach with the Greek authorities and our European partners.”
‏@fxmacro euro opening at 1.1000
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omigosh it's so exciting, almost like the early morning (about 03.00 am) I had my best trade ever in a couple of hours on the Dubai debt crisis: short dow futures, short eurusd, short brent crude. I profited 50% on my account that morning. problem is that the Dubai debt crisis was unexpected (came out of the blue), whilst this greek story is being advertised like stale news on every media network worldwide.
I earlier projected EUR/USD will touch 1.08000 before eyeing any bullish trend.

But in these circumstances, probabilities are high for EUR/USD to level at 1.00000 or even lower...down to 0.86000 (an historic 15-year low AVERAGE; or even LOWEST low of 0.82250) before Greek Referendum results on 5th July.
Longing eur would be far riskier than shorting it.
Skip the euro, trade Aussie!
Quoting Exodus
Yee-haa!

"Which is ironic considering just earlier today Varoufakis said he is opposed to the "very concept" of capital controls:" which is political speak for 'we are already out, Jack'.
I am opposed to the very concept of paying taxes, but.
Quoting PA is King
Skip the euro, trade Aussie!
LMAO!
Open gap with 1.1
Well, i quess there are many traders that bet for a deal.
So... happy bankrupt lol!
Grats for the one that short this!
This will be a good starting point of "World War III".
told one day before just chk it
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Current EUR/USD 1.103
World War III, I'm long on finance/blood!
lets not forget how manipulated the euro has been of late. They barely let it off its leash for 3 days. It's very possible you could see a bullish reaction tomorrow, but my projections are 1.0630 as the first liquidity level, and eventually 1.0113, then below parity. 30 year bonds are also according to my projections, going much, much lower. If they break 147.34, first liquidity level is 144.24 and then eventually 123.75. (That's a LOT of money even on a 1 lot). Anyone else see any chance of there being a bullish reaction if Greece leaves? I don't doubt anything, but my intuition says short it and bonds NOW
open gap for eu 1.1036x
Amazing how usd/jpy has gapped down today with eur/jpy plunggeing more than 250 pips. Be ready for roller coaster this week. Take small stops but let the profits run

http://finance.yahoo.com/currency-investing
Quoting disker23
30 year bonds are also according to my projections, going much, much lower. If they break 147.34, first liquidity level is 144.24 and then eventually 123.75. (That's a LOT of money even on a 1 lot).
if we get into a healthy risk-off run, bonds will get bought on the safe-haven flow, dontcha think? A Sept ffr hike will get pushed out if markets are sliding this summer.
"If The Fool persists in his Folly he will become wise." - William Blake
Quoting h3nkymc
This will be a good starting point of "World War III".
WW III will break out north-east of Jordan.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
ups, 45% margin... I didn't Close my Long trades... :-) guys, when will euro rise again?
...usually it is just after your margin call.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
I bought eur/chf. I went Long on 1.045100. I forgot the SL. now I'm 45.2% margin, Long... what I suppose to do? do you think, the swiss national bank will intervene?
EurChf looks as though it is resting on support at the moment.

I would not count on the SNB to do anything useful, unless there is a massive buy on the Franc.

I have no advice.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
Pumuckel the gap will always be closed do not forget that.......load your account with some more cash that you will not lose....
Quoting TheTopBloke
I am opposed to the very concept of paying taxes, but.
Then who's going to pay for your roads, schools, emergency personal, and much more. Yeah, government could be much smaller, but as a community,people need to pitch in to fit the bill for those expenses.
braziltrader... olha... Unfortunately until now I lost like 40'000 Francs... but I'm learning, for me it's not a lost, but rather a experience... I think now it's getting better, because after this lost I'm trading differently. :-) I will load my account with some more cash, but I'm running out of Money, like Greece.

the SNB told us that they would NOT allowed, that swiss franc goes under 1.05!!! I trusted the SNB!
I think till end of this year swiss franc will be traded between 1.07-1.10. what your guys think about this expectation?
Quoting The Fool
if we get into a healthy risk-off run, bonds will get bought on the safe-haven flow, dontcha think? A Sept ffr hike will get pushed out if markets are sliding this summer.
/ZB up $3+ in early trade
"If The Fool persists in his Folly he will become wise." - William Blake
Quoting Exodus
...usually it is just after your margin call.
yes it is.
Quoting pumuckel
braziltrader... olha... Unfortunately until now I lost like 40'000 Francs... but I'm learning, for me it's not a lost, but rather a experience... I think now it's getting better, because after this lost I'm trading differently. :-) I will load my account with some more cash, but I'm running out of Money, like Greece.

the SNB told us that they would NOT allowed, that swiss franc goes under 1.05!!! I trusted the SNB!
I think till end of this year swiss franc will be traded between 1.07-1.10. what your guys think about this expectation?
....friend, switch back to demo trading for a while.
Go here and see if you can expand your understanding.

As I said earlier, you cannot trust the SNB to do anything except act for itself. Maybe they will return EurChf to above 1.05 but they will probably not do that this week because of the whole Greece situation.

GL
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
They did it. Look EUR/CHF! :-)
Excellent!
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
http://www.forexfactory.com/news.php?do=news&id=546917
Quoting PriceIsRight
Then who's going to pay for your roads, schools, emergency personal, and much more. Yeah, government could be much smaller, but as a community,people need to pitch in to fit the bill for those expenses.
There goes the sarcasm, somewhere out there in the Internet.
Hey GL I think you could think it better, as I said the gap always will be closed. just 12 hours latter you can go there and check what happened to the EURCHF, I hope pumuckel closed his trade with no loss....GL my demo account has been gone 10 years ago.
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  • Story Stats
  • Posted: Jun 28, 2015 1:10pm
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 35  /  Views: 13,281