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by Ashraf Laidi
Posted: Jun 18, 2012 6:42
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This thread was started in response to the Media:

Ashraf Laidi on CNBC After Greece Elections - June 17, 2012

In a 2-part interview, Ashraf says why EURUSD is expected to extend its gains as part of the corrective bounce after Greece's New Democracy won nearly 30% of the votes and will lead a collation government which is likely to be made up of New Democracy and third-place Pasok. Ashraf distinguishes outright QE vs. Operation Twist, highlights the shape of EUROIS spread, gauges EURUSD technical and distinguishing PIIGS & BRICs foundation. The lack of any unfavourable event detracts attention of Central banks of worrying about: 1) delivering "liquidity" solutions (such as currency swaps) and places Greece back onto worrying about securing its 1bn tranche, which was withheld after May's inconclusive elections, and; 2) covering its 3.9 bn interest payment to the ECB due in August. DOES THIS MEAN we extend our RIsk-On Positioning? Find out our latest Premium Insights on EURUSD, AUDUSD, GBPUSD, Gold, & Crude Oil. DIRECT ACCESS TO these trades is found here: products/sub01/access/?a=647 NONsubscribers can join here: