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EUR/USD
Členem od Jun 08, 2014
454 příspěvků
Jun 27, 2015 at 10:47
EUR/USD closed above the support line, I will have to wait till Monday opening to see if we are going to have a rebound or a break.
Členem od Jul 10, 2014
1114 příspěvků
Jun 27, 2015 at 12:47
Unless there's a big gap when the market opens on Monday.
Členem od Jun 07, 2011
372 příspěvků
Jun 27, 2015 at 15:59
The attitude of the Greek rulers on the Greek debt seems to be, "too big to care".
Členem od Jun 07, 2011
372 příspěvků
Jun 27, 2015 at 16:48
The total debt of Greece amounts to 315 billion euros. The largest creditor is by far the European Financial Stability Facility (EFSF), which holds 44.9% of the total public debt. The second largest share, with 17.5% of the total, is in the hands of private investors in the form of sovereign bonds.
Členem od Jun 08, 2014
413 příspěvků
Jun 27, 2015 at 18:36
The EUR/USD under the pressure of the strong US Dollar and Monday most likely it will break below 1.1130.
forex_trader_186239
Členem od Apr 15, 2014
224 příspěvků
Jun 28, 2015 at 06:31
Future is not predictable until it happens. We can only predict the chaos and volatility
Členem od Jun 17, 2015
42 příspěvků
Jun 28, 2015 at 06:38
Well the gauntlet has been thrown down by the creditors - no extension of the repayment due on Tuesday to allow for the referendum the following Sunday - big question now is (assuming there are no further twists) will the ECB support the Greek banks after Tuesday? I sense a few people running to the ATMs over there just now!
Sean
Sean
market nobility
Členem od May 21, 2015
5 příspěvků
Jun 28, 2015 at 06:43
a misleading by news.. it is obviously a drama... a small country against all odds and no one take action?
usd went strong last week, while china did the rest takeover?
monday, "payback" would come.. glory to gold!
usd went strong last week, while china did the rest takeover?
monday, "payback" would come.. glory to gold!
Live your life, take no regrets!
forex_trader_186239
Členem od Apr 15, 2014
224 příspěvků
Jun 28, 2015 at 06:48
Abdul2012 posted:
The EUR/USD under the pressure of the strong US Dollar and Monday most likely it will break below 1.1130.
We will see !
Členem od Jan 31, 2014
83 příspěvků
Jun 28, 2015 at 11:28
I think Greek banks will not open and so there will be high volatility through Monday and Tuesday. Consolidation through Wednesday and a new cycle of Volatility after GBP on Thursday. EUR/USD down to 1.10500 could bring out the bulls.
Si eius XCIX% Ius ergo est Nefas - Sileo processus (If its 99% Right then it is Wrong - Restart the process)
Členem od Jan 31, 2014
83 příspěvků
Jun 28, 2015 at 11:31
GBP on Thursday(damn spellchecker) not GBP.
Si eius XCIX% Ius ergo est Nefas - Sileo processus (If its 99% Right then it is Wrong - Restart the process)
Členem od Jun 17, 2015
42 příspěvků
Jun 28, 2015 at 13:44
My thoughts in this ever changing debate, for what it is worth, is that
There will have to be some capital controls imposed by Greece on its people now that it seems likely that the ECB will no longer provide the necessary liquidity.
Greece will default on its IMF loan repayment on Tuesday evening
The Greek people will face hardship this week and that may influence the NO vote come Sunday - even though the vote my no longer be relevant.
As for the Eur/Usd
For a few weeks it has started to build up a resilience to the Greek news and counter news stories...
Now however actuals are starting to materialise and here are the hard facts...
The impact of QE will affect the EUR/USD as it rolls out continues
The Greek situation is now more tangible and this in no way strengthens the EUR/USD bullish cause
Interest Rates are much more likely than ever to rise in the US than Euroland
Given that the medium term outlook for the EUR/USD has to be bearish and a trend towards USD parity seems the route with the highest probability...
Of course who knows for sure - there may be a last gasp Greek rescue - but that's the risk we take when making predictions :)
Sean
There will have to be some capital controls imposed by Greece on its people now that it seems likely that the ECB will no longer provide the necessary liquidity.
Greece will default on its IMF loan repayment on Tuesday evening
The Greek people will face hardship this week and that may influence the NO vote come Sunday - even though the vote my no longer be relevant.
As for the Eur/Usd
For a few weeks it has started to build up a resilience to the Greek news and counter news stories...
Now however actuals are starting to materialise and here are the hard facts...
The impact of QE will affect the EUR/USD as it rolls out continues
The Greek situation is now more tangible and this in no way strengthens the EUR/USD bullish cause
Interest Rates are much more likely than ever to rise in the US than Euroland
Given that the medium term outlook for the EUR/USD has to be bearish and a trend towards USD parity seems the route with the highest probability...
Of course who knows for sure - there may be a last gasp Greek rescue - but that's the risk we take when making predictions :)
Sean
market nobility
Členem od Jun 17, 2015
42 příspěvků
Jun 28, 2015 at 13:48
So an olive branch from the ECB in terms of funding to the Greek banks at least for Monday - but after Tuesday more extensions fly in the face of the ECB charters... We will see...
Sean
Sean
market nobility
Členem od Oct 03, 2013
38 příspěvků
Jun 28, 2015 at 16:47
Yeah, you are right. But news reports are saying they capped the ELA at the previous max levels, which should still be enough for a couple of days? Key is the June 30th IMF loan repayment. Will be interesting what happens next. One of the key trades I had/have in mind is CHF/JPY short if nothing positive comes out before/after Tuesday.
Členem od Apr 09, 2014
832 příspěvků
Jun 28, 2015 at 20:47
A Greek bank holiday on Monday was announced today, there are rumors about it may extend for the whole week. The news could be extremely bearish for Eur/Usd.
Členem od Oct 03, 2013
38 příspěvků
Jun 28, 2015 at 21:02
Too bad that brokerages are closed and cannot enter any EUR/USD shorts atm, wonder where the EUR/USD will shift by the time they open in a couple of hours in Asia.... Any thoughts on whether the eur/usd will be lower during European hours than during Asian hours?
Členem od Oct 27, 2014
53 příspěvků
Jun 28, 2015 at 21:13
(Upravené Jun 28, 2015 at 21:16)
jump to
1.10000
1.10000
Členem od Oct 03, 2013
38 příspěvků
Jun 28, 2015 at 21:19
Sub 1.10 now.... TP on small positions hit.....
Meanwhile my bit larger CHF/JPY short went up something like 200pips
Meanwhile my bit larger CHF/JPY short went up something like 200pips
Členem od Jun 17, 2015
42 příspěvků
Jun 29, 2015 at 06:34
And it's official - it's a Bank Holiday in Greece tomorrow - Would hate to be an ATM over there right now
market nobility
Členem od Jun 17, 2015
42 příspěvků
Jun 29, 2015 at 06:38
FXCM Open - but EUR/USD quoted at 1.1004/06
market nobility
