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- iumoren commented Jun 30, 2015
Am sure almost everyone is getting confused. Do we wait for a "Referendum" result or what?
Eurogroup to discuss Greek request -Dijsselbloem
- iumoren commented Jun 30, 2015
Whenever LARGE/BULK SELL EUR (or any other currency) positions are opened, that currency will surely sink....especially when millions or billions are staked. That is why EUR sank at average of 150 Pips when market reopened on 29th June. If MAJORITY ...
Greece Over the Brink
- iumoren commented Jun 29, 2015
I would say I gave "fundamental" explanations. Check my equations carefully and try to understand them. What happens in the market is not different from the "force" that causes "one weight" to push "up" or "down" the "other weight" on a weighing ...
Greece Over the Brink
- iumoren commented Jun 29, 2015
Don't be surprised. I hope below equations can explain to you what is going on: SELL EUR TREND = (SELL EUR POSITIONS) > (BUY EUR POSITIONS); and, BUY EUR TREND = (BUY EUR POSITIONS) > (SELL EUR POSITIONS); Therefore, (a) Whenever traders close ...
Greece Over the Brink
- iumoren commented Jun 29, 2015
And.... "Greece won't pay IMF tranche due Tuesday, government official says - WSJ" url It's getting very interesting. I wish I had time to drink beer and not think about all the turmoil!
EU Approves Extension of Greek Guarantee Program for Banks
- iumoren commented Jun 29, 2015
I hardly believe that in the 21st century anybody can have "total freedom". Now we all depend somehow on "technology" or "another genius" out there. Example: If your Internet connection dies down, I don't need to explain to you how you get nervous ...
ECB rejected Greek funding line request for extra 6 billion euro - sources
- iumoren commented Jun 29, 2015
With due sympathy to the Greek people (because they are not supposed to take decisions for their PM and rulers via Referendum), I once commented ( a couple of weeks ago) like this: QUOTE Deprive Greece of cash for at least one week, and they will ...
ECB rejected Greek funding line request for extra 6 billion euro - sources
- iumoren commented Jun 28, 2015
I totally disagree with this Economist. The Possibilities of Grexit are a million times higher than a BIG meteorite falling on Earth. Keeping Greece in Euro Zone is too costly, unless ECB is ready to endlessly print money for Greece. Would even be a ...
Economist Who Coined ‘Grexit’ Now Says Greece Will Stay in Euro
- iumoren commented Jun 28, 2015
I earlier projected EUR/USD will touch 1.08000 before eyeing any bullish trend. But in these circumstances, probabilities are high for EUR/USD to level at 1.00000 or even lower...down to 0.86000 (an historic 15-year low AVERAGE; or even LOWEST low ...
Greek Capital Controls Begin: Banks, Stock Market To Remain Closed From Monday
- iumoren commented Jun 28, 2015
A great time for many "Forex prophets" to make forecasts. Am sure there is no place for "bullish Euro" during this hot week of uncertainties. Rather, there will be plenty of cheap Euros in the sell off.
ECB 'to end Greek bank lifeline'
- iumoren commented Jun 27, 2015
Possible reply from Greece: "Don't worry. If Grexit is inevitable, we shall pay back in Drachma." Are you OK with this answer?
Greece’s Tsipras Calls July 5 Referendum on Bailout Demands
- iumoren commented Jun 27, 2015
Latest on Euro News channel: QUOTE "GREECE HAS CLOSED THE DOOR TO FURTHER TALKS", SAYS EUROGROUP-PRESIDENT JEROEN DIJSSELBLOEM. UNQUOTE
Greece’s Tsipras Calls July 5 Referendum on Bailout Demands
- iumoren commented Jun 27, 2015
Let's take a closer look at HISTORIC QUESTIONS Greek PM will likely frame at Referendum for Greeks: QUESTION #1: Do you accept our creditors' bailout terms? [YES] [NO] QUESTION #2: Do you want our country to stay in Euro Zone? [YES] [NO] I have the ...
Greece’s Tsipras Calls July 5 Referendum on Bailout Demands
- iumoren commented Jun 27, 2015
I totally agree with your points. You can't milk a cow which isn't producing any milk!
Greece’s Tsipras Calls July 5 Referendum on Bailout Demands
- iumoren commented Jun 27, 2015
Interesting to see all the "guess works" about possible EURUSD price movements early next week. I hope the "guess works" will help those who rely on them, but the "reality" may shock many traders next week. To be honest with oneself, there is no ...
Greece’s Tsipras Calls July 5 Referendum on Bailout Demands
- iumoren commented Jun 27, 2015
Why didn't Mr. Tsipras call the Referendum on a much earlier date like 15th June? Obviously, IMF will not smell any 1.6 billion Euro repayment by Greece on 30th June, and the show will continue with a lot of chaos. Already, certain Forex Brokers ...
Greece’s Tsipras Calls July 5 Referendum on Bailout Demands
- iumoren commented Jun 26, 2015
Regrettably, most Forex Brokers are getting "ready" for market turmoil on Grexit. Below is a message from one Broker (name purposely avoided by me) to all their clients: QUOTE Title: Changes to Trading Conditions Due to Situation Surrounding Greece ...
EU's Oettinger gives Athens five days to avoid a 'Grexit'
- iumoren commented Jun 25, 2015
On this background, EUR/USD will touch 1.08000 or lower by 30th June 2015.
13 mind-blowing facts about Greece's economy
- iumoren commented Jun 25, 2015
Just released by Euro News: "EuroGroup Meeting Is Over. No Deal Reached On Greek Debt."
Greece documents can be basis for a deal: EU official
- iumoren commented Jun 22, 2015
Seems the logical conclusion of Grexit is getting nearer. Very strong signal to sell Euro. Don't yield to volatility / storility / tweetility.
Senior German Conservative Hans-Peter Friedrich: Greece Does Not Have to Remain in the Euro Zone