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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
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Ashraf Laidi
London, UK
Posts: 0
13 years ago
May 6, 2011 18:47
Please look at your MNI FX Bullets for the latest rumours and talks from Greece

Very hard for EURUSD to close above that 1.45 level will need to do so by NY 17:00 or 2200 BST


WEEKLY CHART i looking very bearish

Silver RALLYING off that key 34.20 (as argued in todays premium piece) looking very good as well as gold as the concerns shift to Eurozone.


See my Twitter on the proposed hedges offsetting EURUSD shorts.

We may see metals rallying om safe haven play from Eurozone rather than from QE2 or QE3.

Heres that SPIEGEL story i talked about on Twitter http://www.spiegel.de/international/europe/0,1518,761201,00.html


Ashraf
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 6, 2011 18:46
Spain another country grossly irresponsible wasting euro support frivalously. Euro breeds extravagence and laziness.
Machiavelli
Posts: 113
13 years ago
May 6, 2011 18:45
You gotta love the Austrian finmin: 'I don't know about a meeting!' LOL That's because you don't matter, puppy.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 6, 2011 18:43
Lets face it we are heading for another bank crisis to pale all previous into insignificane. Eurozone can never work. Greece might as well get the hell out now. It was always a non starter. Nice place for holidaying. I will support them :-)
Machiavelli
Posts: 113
13 years ago
May 6, 2011 18:42
...or XVIIth century.
Machiavelli
Posts: 113
13 years ago
May 6, 2011 18:42
A business starting again is not equal to exiting the euro area. Structural reforms are. Exiting is the equivalent of moving the business to Albania.
Machiavelli
Posts: 113
13 years ago
May 6, 2011 18:40
I'm thinking big picture. The economic history of Greece before EU/EZ is a disaster. The bottom line is, except feta, they're wholly uncompetitive, there's nothing on Earth they can produce that others don't make better/cheaper. That's a very boggy foundation for independence. The euro is keeping them alive.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 6, 2011 18:39
Just like in business, sometimes its better to declare bankruptcy and start again
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 6, 2011 18:37
Mach, they certainly wont be financially stronger in the short term but think big picture. Look at Iceland example ! Look how much easier for population to correct malaise than for govnmt to force.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 6, 2011 18:34
EU, I reckon in 3:5 down at mo.
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