This is the post from eurusd by Artcritique: Re re talking heads and all of that..
I guess your post is as good as any to tag onto Malcolm.
It is not possible to believe any pubic statements completely. Right up to the close of the markets, different people were bleating "Greece doesn't need a bailout"...! Doh! You are certainly correct that all the markets are "Played". All of us are played in nearly every aspect of our lives by someone wanting to control what we think and do.
The question here is; who stands to benifit and how, by their blatant lies? Also, will this totally discredit E commision in the eyes of the world? I have no doubt that the missdirection had everything to do with getting the 6.5 billion of Greek bonds unloaded into sombody else's unwiting hands.
But, nearly everyone is aware that this 25 billion, is nowhere near the end of it. First Greece needs to quickly raise an additional 25+ billions. Portuagal may or may not be ok with their austerity plan, I don't know much about Portugal and their economy. However, there are leaks in the bucket everywhere. The Iceland default won't be repaid in our lifetimes, There is about 25 billion of "municipal' default at risk in Italy alone, Spain is a larger question mark, Ireland looms and Britain is in no position to do much for them they have enough of their own problems. And then we have the recent additions in Eastern Europe which have been totally swept under the rug.
Another poster mentioned Greece as having been "over played", it probably was. However, this was merely a different sort of game. Call it "waving the left hand", a typical conjuror's or politician's trick, of missdirecting the viewer's attention away from the real problem.
I don't know what will happen when the markets reopen. I know what should happen: the Euro should fall wildly. Will it? That depends on whether the stories of the record short positions are true, and partly on who holds these alleged shorts.
Quote:
Originally Posted by malcolmb14
In your 11 years of trading did you ever notice how the markets are played ?
What if they wanted to load up on euro at a lower price for the long term ? What if this is just testing of that break out level 1.3500. How would they do this ? One way would be 'Greece has issues'
I posted last week how Greece could drop off the face of the earth and Eurozone would hardly even get a dent in their GDP.
Maybe the Greece fiasco was used just to manipulate the euro lower .. sure looks like it in the weekly volumes.
So with that in mind , gold heading...
__________________
Forex is about enticing traders to take positions they will regret in the morning..
I guess your post is as good as any to tag onto Malcolm.
It is not possible to believe any pubic statements completely. Right up to the close of the markets, different people were bleating "Greece doesn't need a bailout"...! Doh! You are certainly correct that all the markets are "Played". All of us are played in nearly every aspect of our lives by someone wanting to control what we think and do.
The question here is; who stands to benifit and how, by their blatant lies? Also, will this totally discredit E commision in the eyes of the world? I have no doubt that the missdirection had everything to do with getting the 6.5 billion of Greek bonds unloaded into sombody else's unwiting hands.
But, nearly everyone is aware that this 25 billion, is nowhere near the end of it. First Greece needs to quickly raise an additional 25+ billions. Portuagal may or may not be ok with their austerity plan, I don't know much about Portugal and their economy. However, there are leaks in the bucket everywhere. The Iceland default won't be repaid in our lifetimes, There is about 25 billion of "municipal' default at risk in Italy alone, Spain is a larger question mark, Ireland looms and Britain is in no position to do much for them they have enough of their own problems. And then we have the recent additions in Eastern Europe which have been totally swept under the rug.
Another poster mentioned Greece as having been "over played", it probably was. However, this was merely a different sort of game. Call it "waving the left hand", a typical conjuror's or politician's trick, of missdirecting the viewer's attention away from the real problem.
I don't know what will happen when the markets reopen. I know what should happen: the Euro should fall wildly. Will it? That depends on whether the stories of the record short positions are true, and partly on who holds these alleged shorts.
Quote:
Originally Posted by malcolmb14
In your 11 years of trading did you ever notice how the markets are played ?
What if they wanted to load up on euro at a lower price for the long term ? What if this is just testing of that break out level 1.3500. How would they do this ? One way would be 'Greece has issues'
I posted last week how Greece could drop off the face of the earth and Eurozone would hardly even get a dent in their GDP.
Maybe the Greece fiasco was used just to manipulate the euro lower .. sure looks like it in the weekly volumes.
So with that in mind , gold heading...
__________________
Forex is about enticing traders to take positions they will regret in the morning..
