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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
short yen pairs were the best trades today..
old is new again, eh? with bonus of colourful charts:-)
go for EFSF extensions then immediately risk downgrade of France. Thus the most probable
action is ( what could have been expected for about a year) a 60% haircut of Greece's debt.
I think there is no other choice.
Comments catnip ?
A failure on Sunday to confirm the expectation could be catastrophic. I am mulling whether to withdraw all cash funds from bank savings accounts.
If they still have USD long to sell they must do it this week and EUR will rally again up to 1.39.
But imo they are out of bullits. I do not expect another EUR rally .