It makes sense to me, the Greeks must be able to repay the loans or why give them loans and make things worse? Their loving parners have been doing this for a couple of years now. Instead of addressing the problem of high borrowing costs which makes ...

Dow Jones owns the Greek PSI story…

Maybe but consider that the when Greece announces an agreement it could go 1.3, 1.4, 1.5 etc. Even a Greek default or an exit from the monetory union could be positive for EUR

EUR Short Covering Just Started?

Haha, no don't nuke them there is a better alternative, just replace their finance minister with an EU officer so the Greek politicians learn to manage their budget and maybe remove their police minister as well because there too many ...

EUR Short Covering Just Started?

Yes but with a stronger AUD the increased exports don't automatically translate to more money for the farmers. It is the same with coal or iron ore exports, the higher the AUD gets the less money our miners will get for their exports

Aussie PM signals higher AUD is good

Merkel is afraid to let the required economic reforms take place because she thinks that they will be unpopular in Germany and she won't be re-elected, but she won't be re-elected anyway because of incompetence, because she let the situation get ...

Why the Latest Euro Zone Debt-Crisis Agreement Shows How Europe Just Doesn’t Get It

The printing of money isn't necesserily a bad thing in a low inflation environment and when an economy needs it to stand on its feet. It becomes a problem when that money is not used for the creation of jobs but it is used to pay CEO bonuses and to ...

Central Bank Intervention

There is really 1 solution and thats default, the Greeks have done enough IMO, the current debt is too high for them. The austerity measures of the last 2 years have been too hard on their economy and Germany's delaying tactics on finding ways to ...

Eurozone crisis: angry Greeks condemn EU plot to control its finances

sure mate, 50 pips isn't a lot but I was just saying that you could have taken your 50 pips when it fell (instead of a loss) and could have taken new long positions and waited for the next correction. Anyway, my earlier post was in reply to the OP ...

Fitch Takes Ratings Actions On Belgium, Cyprus, Ireland, Italy, Slovenia And Spain

I'm afraid there is no easy answer. What you do depends on your level of exposure but here is an example. Assuming you took a long position to cover your short and you closed your long position when the EUR/USD peaked on Friday you would have ...

Fitch Takes Ratings Actions On Belgium, Cyprus, Ireland, Italy, Slovenia And Spain

Haha I can see your appetite for risk is high. I hope you have some deep pockets

Fitch Takes Ratings Actions On Belgium, Cyprus, Ireland, Italy, Slovenia And Spain

pt49 I agree 100%, it is a weakening USD, I don't know the reason, maybe the hedge funds and their mates who fuc#d up Greece, now want the few EUR they'll get in return to be worth something

Russia may start buying Australian dollar as early as next month

Why is hedging stupid? IMO it is Dangerous but not stupid. With hedging you can move the odds in your favour. eg Assuming the price keeps on going up you can close the long position on Sunday night (take profit) and then improve on your -ve position ...

Fitch Takes Ratings Actions On Belgium, Cyprus, Ireland, Italy, Slovenia And Spain

Pt , you are right and here is an article explaining the Oz situation url

Russia may start buying Australian dollar as early as next month

I agree that the AUD is probably overvalued. China is our biggest customer in terms of raw materials, gas and food but it isn't our only customer. China is important because it is linked to the tax revenue from the super profitable mining companies, ...

Russia may start buying Australian dollar as early as next month

yum

Russia may start buying Australian dollar as early as next month

I doubt it, our economy is steaming along nicely and unemployment is low so the best you can hope for is another 0.25% cut. That's if we are lucky....

Russia may start buying Australian dollar as early as next month

Yeah it took them a while to realize that AUD has the best yields and Australia is one of the safest countries on the planet, with very low debt, a solid banking system, good growth, very low unemployment and a lot of wealth. So ppl bring your money ...

Russia may start buying Australian dollar as early as next month

The sky and the floor are the limits now. They must be strenghtening it up in preparation for something big which is about to happen. Maybe.....

Merkel casts doubt on saving Greece from financial meltdown