DislikedGermany has proposed a plan in place in case Greece defaults. They apparently want to shield banks. Should this event occur people will seek safe havens in order to protect capital.
Question is which safe havens are left. The Euro has huge debt problems, the Swiss central bank is very motivated and willing to take action in order to prevent the Chf from appreciating. So whats left on the table ? In my opinion the Jpy is still being considered as being a safe haven, Eur is heading towards all time lows as we speak, the Gbp is just close to its...Ignored
Worth my "V"
A sell off would make me position before the weekend, gl
Maybe EJ even better now....
Don't be a hero. Don't have an ego. Always question yourself