DislikedI'm sure I don't have to tell you this Lumesh, but perhaps it seems to have slipped your mind. The Euro is heavily net short.
The market sentiment out there is that Tsipras is going to cause trouble for the bankers and the official lenders if Syriza forms a government. As such, the market will remain short or even go shorter. If ND or PASOK are elected, the banks and official lenders will breathe a sigh of relief and there will be short covering.
The above reasoning fully discounts the fact that Greece would be much better off with Syriza...Ignored
I would only add that after the 2008 financial crisis and all the massive losses by investment banks, etc, nobody is that naive to get caught with their pants down in a risk move so the preventive moves make volatility increase in wide ranges..."buy/sell and hold" for the long term has almost died since 2008 across the board...
In any case, IMO the Greek politicians already crossed the line and they shouldn't be given any room for anything. The catastrophic effects on their own people and the shockwaves across the world are enough to put these clowns in jail.
To be honest if they want to start making a change in the Euro crisis. Greece should be expelled permanently from the Monetary Union until they are able to meet the same criteria they apply (or have applied lately) for the new euro candidates countries.
At the EU level Greece should be put on the special list with consideration like for example ACP countries benefits with a mix of the extra "carrots and stick" like they do with Bulgaria and Romania to promote growth, industry, and fight corruption, etc ...
At the same time Merckel should step down. She has done an excellent job for Germany in the last few years but they have manage to become part of the problem not the solution the minute they externalized the problem globally ...
sisse
Pending conversations? PM for a chat...I am mainly in OTM now