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  • #982,921
  • Apr 20, 2015 9:11am Apr 20, 2015 9:11am
Quoting LarryDarrell
{quote} I think Europe still wants Greece, and vice versa. Greece is european, in a way the cradle of Europe. But to stick to this theoretical scenario: if they are outside EU, why would it be a favorable trading spot. China, Russia, etc. could just as well set up shop in Libya, Albania, Belarussia... why don't they? And air travel: the competing hubs for London, Frankfurt, Paris etc. are now in Dubai and Istanbul.
price and status..
those who can, do. those who cant, talk about those who can
  • #982,922
  • Apr 20, 2015 9:12am Apr 20, 2015 9:12am
eu 075 is resisting very well
Perfecting your entry will increase your profits
  • #982,923
  • Apr 20, 2015 9:13am Apr 20, 2015 9:13am
Quoting gatorinla
{quote} not a problem... shippers are collectors of euros. paying the greeks to ship will start with another currency. i would be more worried if i was a shipper competing against a greek shipper. https://www.youtube.com/watch?v=BMSJs1Pq3pg
Maybe, IF they manage to keep the drachma stable. But if they can't it will screw their shipping industry, because shipping involves banking and insurance a lot, and when your currency isn't stable there's a whole new set of risks involved there. Seeing as how they haven't managed to fix things WITH the EU helping, I wonder how stable their currency will be.
  • #982,924
  • Apr 20, 2015 9:14am Apr 20, 2015 9:14am
Quoting Ken A
{quote} Nice, AU is a runaway train giving temp support to EU
I don't know why it break down?
It's life let's live and enjoy
  • #982,925
  • Apr 20, 2015 9:15am Apr 20, 2015 9:15am
Quoting traupro
{quote} I don't know why it break down?
Head of RBA on the news, saying that they have rate cuts on table.
  • #982,926
  • Apr 20, 2015 9:17am Apr 20, 2015 9:17am
Quoting janpec1000
{quote} 750 done, pending long missed by pip. 760 still in play, break of 735 opens 714 and lower. I will short 760 if gets.
Waiting for 760, should come now. UCAD is bottomed, seeking for long entry 2210 with tight setup. 232 first bull target on UCAD.
  • #982,927
  • Apr 20, 2015 9:22am Apr 20, 2015 9:22am
Quoting MissPips
{quote} Maybe, IF they manage to keep the drachma stable. But if they can't it will screw their shipping industry, because shipping involves banking and insurance a lot, and when your currency isn't stable there's a whole new set of risks involved there. Seeing as how they haven't managed to fix things WITH the EU helping, I wonder how stable their currency will be.
if one pays for insurance for a product from point a to b. isn't the carrier's insurance like " lords of London" paid already before ship leaves port. and isn't the insurance based on product worth in usd, gbp, or euros stated in the policy.
all the shipper has to do is ship in a agreed currency form. it will be the shipping companies problem converting back, thats even if he needs too.
those who can, do. those who cant, talk about those who can
  • #982,928
  • Apr 20, 2015 9:23am Apr 20, 2015 9:23am
Quoting LarryDarrell
{quote} I don't think so. There are a lot of EU countries outside the EZ. The EZ was initiated with a clear set of rules in mind. Most of them have been broken, thats true. Nevertheless it should be possible to get back to outside-EZ-status. There will be pressure on other countries if markets percieve its possible to get outside the EZ, I agree. But atm ECB and bigger EZ-countries indicate they have the tools to stabilize those countries. Its uncertain if they are right to think so. But kicking the can another time doesn't add certainty.
But if they leave the EZ and stay in the EU, won't they still be subject to the same regulatory measures that sakisf says have adversely affected Greek agriculture and manufacturing?
  • #982,929
  • Apr 20, 2015 9:25am Apr 20, 2015 9:25am
Quoting gatorinla
{quote} if one pays for insurance for a product from point a to b. isn't the carrier's insurance like " lords of London" paid already before ship leaves port. and isn't the insurance based of product worth in usd, gbp, or euros stated in the policy.
Sure but if you have to pay with drachmas or if you are repaying a loan for buying your ship and paying with drachmas, and it's fluctuating wildly from day to day, how do you do your weekly/monthly/yearly budget planning?
  • #982,930
  • Apr 20, 2015 9:31am Apr 20, 2015 9:31am
see the US session and correlation U J, E, U

U J on resistance E U on support
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY_H1,,111.gif Size: 170 KB
  • #982,931
  • Apr 20, 2015 9:32am Apr 20, 2015 9:32am
EURCHF gona go lower, should be no brainer, 235 wont hold.
  • #982,932
  • Apr 20, 2015 9:32am Apr 20, 2015 9:32am
Quoting MissPips
{quote} But if they leave the EZ and stay in the EU, won't they still be subject to the same regulatory measures that sakisf says have adversely affected Greek agriculture and manufacturing?
Yes. But I think the idea is flawed to think you can just re-set a developed economy, return to older regulation and think you can compete on price against other economies that didn't have those regulations in the first place. Europe is developed, rich, old. We have to compete in other areas or fail.
Fail better.
  • #982,933
  • Apr 20, 2015 9:33am Apr 20, 2015 9:33am
Okay, another question since we can't know if Greece will or will not leave.

If they do leave will it be:

a) Bad for the Euro short and long term?
b) Bad for the Euro short term and good for it long term?
c) Good for the Euro long and short term?

Reasons?
  • #982,934
  • Apr 20, 2015 9:36am Apr 20, 2015 9:36am
Quoting MissPips
Okay, another question since we can't know if Greece will or will not leave. If they do leave will it be: a) Bad for the Euro short and long term? b) Bad for the Euro short term and good for it long term? c) Good for the Euro long and short term? Reasons?
Bad for lienholders for the obvious reason
  • #982,935
  • Apr 20, 2015 9:38am Apr 20, 2015 9:38am
Greece is not leaving anything, pointless to short euro - Dragi is always right ,
  • #982,936
  • Apr 20, 2015 9:41am Apr 20, 2015 9:41am
So the move from 1.082x down to 1.071x is because of Greece issue?
  • #982,937
  • Apr 20, 2015 9:44am Apr 20, 2015 9:44am
Quoting MissPips
{quote} Sure but if you have to pay with drachmas or if you are repaying a loan for buying your ship and paying with drachmas, and it's fluctuating wildly from day to day, how do you do your weekly/monthly/yearly budget planning?
along with greek mortgages, maybe lawmakers can void ship loans too.. i dont now the answer. if a shipper has been kicked out from another entity (ecb). maybe he will not pay loan and get greece to help with legalities where the ship is now paid for in full. i have no clue on how it will settle. neither does others saying things can't happen.
those who can, do. those who cant, talk about those who can
  • #982,938
  • Apr 20, 2015 9:47am Apr 20, 2015 9:47am
Attached Image (click to enlarge)
Click to Enlarge Name: e.png Size: 64 KB
looks like bounced off support ??? rock and a hard place on this one
  • #982,939
  • Apr 20, 2015 9:48am Apr 20, 2015 9:48am
Quoting Ken A
So the move from 1.082x down to 1.071x is because of Greece issue?
I think so. Techs said it should have gone up to about 880-910
  • #982,940
  • Apr 20, 2015 9:53am Apr 20, 2015 9:53am
Quoting janpec1000
{quote} Waiting for 760, should come now. UCAD is bottomed, seeking for long entry 2210 with tight setup. 232 first bull target on UCAD.
760 done, short triggered up to pip, closed +10. 730 test is open to come. Will look for another short higher. Same area 760 might be worth a shot again, lets see on retest.
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