[Archive] FOREX - Trends, Forecasts and Consequences (Episode 15: May 2012) - page 173
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The EU is smoothly transformed into a state.
That's funny ...
that's funny...
See you all on Monday.
The EU is smoothly transformed into a state.
A kind of Mukhosransk)))
The EU is smoothly transformed into a state.
I am bored to explain - the states are a state formed as a result of historical processes and not yesterday, while Europe is an artificially created collective farm. The topic of bankruptcy or non-bankruptcy of the states has not been discussed.
"If you want to live, you'll get more than that" - it was about the cow in the bomb compartment of a strategic bomber in "National Hunting Features" - and their situation is almost the same))))
"If you want to live, you'll get a lot more upside down" - it's about the cow in the bomb compartment of a strategic bomber in "peculiarities of national hunting" - and their situation is almost the same))))
The thing is, they've made a mess of themselves.))
Dow Jones Newswires column by Stephen Cox
NEW YORK, May 24 (ANI). /Dow Jones/. With talk of a Greek exit from the eurozone already open, the euro has been caught in a vicious cycle.
At the time of writing the EUR/USD pair was trading down 1.2 cents against Tuesday's closing level of 1.2565. And the euro is aiming for at least support at 1.1875, a 2010 low reached when indomitable Greeks first took to the streets against austerity measures.
One practical problem for the sellers now is the intraday low of 1.2544, which could serve as a bear trap. But since that level was in focus at the time of writing, a bounce from it could lead to a recovery to 1.2677 or a higher correction, in which the pair would once again reach 1.2803.
But the downside bias looks compelling if this intraday support fails to hold. Selling accelerated after former Greek Prime Minister Lucas Papademos told Dow Jones Newswires on Tuesday night that "there is a real risk of Greece exiting the eurozone".
The cost of German two-year borrowing at Wednesday's auction hit a record low, with an average yield of just 0.07%. Investors are still inclined to buy German debt despite the crisis as they believe that in a worst-case scenario they could get German marks instead of euros.
Finally, long-term technical indicators point to support at 1.1144. This support should be kept in mind as events unfold. Who can say now that it won't come in handy, given what happened earlier?