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Grexit warning!
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togr

Biedrs kopš Feb 22, 2011  3890 ieraksti vontogr (togr) Jun 26 2015 at 17:23
As you are probably aware, there is a Eurogroup meeting this Saturday to seek a final agreement between Greece and it's creditors ahead of an IMF loan repayment due on June 30th. Without an agreement on financial aid, Greece will be unable to make this payment and will technically be in default.

The Greek situation has been at the forefront of the FX markets for several months and is now coming to an 'end game'. Whilst the outcome of this meeting is unpredictable, it will very likely lead to an increase in market volatility, with potential significant market gaps on the opening of the market on Sunday. Please note this will not be limited to just EUR currency pairs, but all pairs as well as precious metals and CFDS. In light of this we would like to advise all clients to assess their current levels of risk ahead of the weekend, paying particular attention to any pending orders you may have with us.

I like what I trade, I trade what I like
togr

Biedrs kopš Feb 22, 2011  3890 ieraksti vontogr (togr) Jun 26 2015 at 17:23
IMHO EUR will dive deep and we should stay away with no open positions

I like what I trade, I trade what I like
theHand

Biedrs kopš Sep 20, 2014  360 ieraksti theHand Jun 27 2015 at 05:57
Meanwhile eurusd moved a whole 50 pips for 3 days.

Look009

Biedrs kopš Apr 15, 2014  224 ieraksti Alex (Look009) Jun 27 2015 at 07:33
What do you think gonna happen tomorrow ?

The market does not beat them. They beat themselves, because though they have brains they cannot sit tight (Jesse Livermore)
5starsignalspamm

Biedrs kopš Jul 25, 2014  184 ieraksti 5SS International (5starsignalspamm) Jun 27 2015 at 07:37
theHand posted:
Meanwhile eurusd moved a whole 50 pips for 3 days.


Oh, but it is going to move a whole lot more soon. This is a cautious market but when it breaks out, it will be a volatile one.

Take Control of Your Financial Destiny
launchforex

Biedrs kopš Jan 30, 2015  4 ieraksti launchforex Jun 27 2015 at 07:37
That is so true, can't wait for the Greek situation to be resolved as its caused a major forex pairs eg EUR/USD to stand to a halt. Our trading group took 4 wins out of 5 trades that we placed last week. One trade a day, on a whole we took a hit Monday of 45 pips, but then on the other days combined we gained about 220 pips, not bad for a poor week - 175pips.

Can't wait for July!!!!!!!!

theHand

Biedrs kopš Sep 20, 2014  360 ieraksti theHand Jun 27 2015 at 08:50
Lol - You think it's over with Greece ?

We've got Spain and Italy coming, which are far bigger problems than Greece. Greece is just the first of the European countries to fail.

Meanwhile the Russians and Chinese are launching a second global financial system that most of Europe, thus NATO signed on for precisely because the western system is starting to fail. The only way for US to stop that is to have a NATO country attacked in the next 6 months which will be WW III.

That is if the system survives that long.

We'll be lucky to be alive in 6 months, never mind trading. EurUsd is the least of our problems.

theHand

Biedrs kopš Sep 20, 2014  360 ieraksti theHand Jun 27 2015 at 13:49 (labots Jun 27 2015 at 13:55 )
The other thought around this, we need to remember Cyprus was a practice run for bail-in's. Within 3 months after that most western countries changed their laws to do the same.

If we see this in Greece, and I suspect we will, it doesn't take much to imagination that the whole of Europe will see bank runs. I suspect there's been a slow run for months already as the money went east. And that means bank failures. Considering the OTC exposures that some of these banks are sitting with and their exposure to sovereign debt...

There's only 3 ways this end. Decades of deflation, hyper-inflationary depression or WW III. The last time we had a depression WW II followed anyway.

But here's a thought, what currency is borderless, out of government control, liquid, easy and cheap to transfer?

Bitcoin of course. I wonder if the big winner in all of this isn't going to be the crypto's as people scramble for something, anything out of government control.

The internet was designed for exactly this. A decentralised way of storing and distributing information in case of disruption. Hopefully people will finally see why government and money needs to be handled the same way.

launchforex

Biedrs kopš Jan 30, 2015  4 ieraksti launchforex Jun 28 2015 at 06:22
theHand posted:
Lol - You think it's over with Greece ?

We've got Spain and Italy coming, which are far bigger problems than Greece. Greece is just the first of the European countries to fail.

Meanwhile the Russians and Chinese are launching a second global financial system that most of Europe, thus NATO signed on for precisely because the western system is starting to fail. The only way for US to stop that is to have a NATO country attacked in the next 6 months which will be WW III.

That is if the system survives that long.

We'll be lucky to be alive in 6 months, never mind trading. EurUsd is the least of our problems.


Well at least trading for July will be fine wink

Look009

Biedrs kopš Apr 15, 2014  224 ieraksti Alex (Look009) Jun 28 2015 at 06:27
All will be more or less smoothly I believe, no global hyper shocks...

The market does not beat them. They beat themselves, because though they have brains they cannot sit tight (Jesse Livermore)
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National CPI Ex Food, Energy (YoY) (44 min)
More impressive data from UK economy: re...(3 min ago)
EURUSD 1.17785 GBPUSD 1.32704
USDJPY 112.486 USDCAD 1.29029

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