Polish president died in plane crash! Can this take big affect on EUR? What u think?

http://www.nj.com/news/index.ssf/201...killed_in.html

I'm thinking about going long the Euro against the Zloty on Oanda when the markets open in another 28 hours or so.

There's gonna be a gap for sure. I don't expect this to have a huge effect on EUR

I believe it will affect the euro only if it causes some sizable political instability within Poland as it borders the biggest EU country.

The big and more important announcement over the weekend was Germany's acceptance to give Greece loans at below market interest rates. For that reason we could potentially see a gap up on the EUR/USD.

A gap down on the price?

Possibly...

Major economies in Eurozone are Germany and France I think... (could be wrong here). If something affects either country, I'd pay attention.

Major news in Europe revolves around Greece's creditworthiness. If the other countries in the EU have to bail out Greece, that will definitely move the markets. I'm not sure how influential Poland is on the Eurozone, unless the late president's successor is radically different from him.

It was nothing to do with currency value, it was an accident.

It was an accident and probably it wont have any impact on the market but instead of looking for oportunity show some respect first for all the victims.

..if only single person out of 7 in this conversation reminded about respect for victims... sad.

Unless they pin the accident on terrorism...

Without sounding harsh and with respect to the victims nothing that happens or affects Poland will have a bearing on the EURO.

Scoobs.

What if Germany were to invade Poland, again?

Then the USA, UK and RUSSIA would bomb the hell out of Germany.

So in that case bad for the EURO.

Scoobs.

I've already placed limit orders for a short position on pierogies as soon as the market opens. Wish me luck, people.

MM

"The Polish government and the National Bank of Poland, in a “rare moment of unity,” agree to weaken Poland’s currency, the zloty, in an act that would benefit Poland’s exporters at the expense of Poland’s trading partners—that is, the European Union, among others. Then, the next day, Poland’s president and the president of its national bank die in a plane crash."

What are the aspects that makes the markets move? In last couple of years, I have found that Markets movement is also controlled by the exernal factors, like the planetary movements.

When I read an article about some biggest banks use astrology to play the markets, my interest grew and I decided to put the astro factor into my trading decisions. I use predictions from Mahendra Sharma, one of the famous financial astrolger. Like technical charts, all astro predictions may be not accurate but can help you avoid false trends.

Ok guys... my opinion... Poland is a member of EU with strong economy, so if we look on this terible news that president is dead or killed that will take effect on investments in Poland and other economy things becouse they need new president and new chief of central bank, new chief of defance department etc. that lead to instability of they own currency zolt. But as important member of EU at least i think that EUR after fridays jump will retrace at fridays open price and maybe more down. We have two posible scenarios on my opinion. First is to retrace at fridays open if this is "just" a crash, but Second if this is a terorist attack i think i can go below 1.300.
My opinion.
Give yours
Always is good to share opinion with other people.

IMO if any drop in zloty appear ,it will be good to fade becouse of no real economic reason behind it (the tradegy wont affect future interest rates and there is no way it was terrorism act). If there will be gap down i would rather play the close.

Can you define the term "terrorism"? And who will decide what is terrorism and what not?

but the question is whether the aid of euro bloc to greece is in the best longer-term interests of Euro? Will this initiative bring in issues about moral harzard and thus weaken the credibility of ECB and Euro?