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- Yohay commented Jun 29, 2011
In the meantime they are taking their time and currencies hold their breath. The vote is expected soon though, after the Prime Minister finishes his speech.
Trading the Greek Vote? AUD/USD Would Be A Better Bet
- Yohay commented Jun 28, 2011
I hope so too! Indeed, anything can happen...
Greece’s Biggest Creditors Ready For Restructuring
- Yohay commented Jun 27, 2011
DragonFire, do you think there's a good chance that they will not reach a deal and that the US will default? It looks to me that they will reach something in the last moment.
Greece’s Biggest Creditors Ready For Restructuring
- Yohay commented Jun 27, 2011
Thanks for your comments. Indeed, there is correlation between the Greek debt crisis and the US debt ceiling. I believe that the debt ceiling issue in the US will be solved sooner than later. The chances of a Greek default are still higher...
Greece’s Biggest Creditors Ready For Restructuring
- Yohay commented Jun 26, 2011
Thanks for your comment. The language may make a difference for Credit Default Swaps, and will matter for losses for individual banks. But I certainly agree that the situation points to a lower euro...
Greece’s Biggest Creditors Ready For Restructuring
- Yohay commented Jun 25, 2011
I remain bearish on GBP/USD. Not only is the situation in Britain bad, but the prospects of a rate hike have been pushed back to the summer of 2012. Very far from now. Together with the end of QE2 in the US, there is room for a breakdown below the ...
GBP/USD Outlook – June 27 – July 1
- Yohay commented Jun 22, 2011
Thanks for your comments. Scientist, you may be right, but this isn't only because of Bernanke, but also because of Greece...
Ben Bernanke Plays Down QE3 – Dollar Stronger
- Yohay commented Jun 19, 2011
Thanks for the link mima. Indeed, Greece's prime minister is scrambling to get his new government approved and the necessary austerity measures approved as well. He also announced a referendum in the autumn to approve reforms, as a means of ...
EUR/USD Outlook – June 20-24
- Yohay commented Jun 19, 2011
I remain bearish on EUR/USD. The crisis is full blown now, with Spanish yields also at peak levels and a significant lack of leadership. Easing inflationary pressures also aid the fall, as they open the door to more delays in the next rate hike. ...
EUR/USD Outlook – June 20-24
- Yohay commented Jun 16, 2011
What truth is unknown about the US? I think that the bad situation in US is quite known...
GBP/USD Resumes Falls On Plunging Retail Sales
- Yohay commented Jun 16, 2011
Thanks for your comments. Indeed, the US employment report and the presence of US traders can accelerate the moves. Currently, news from Greece also has a strong impact on the pound. The dollar "corpse" is just more alive than the other currencies ...
GBP/USD Resumes Falls On Plunging Retail Sales
- Yohay commented Jun 16, 2011
Amanda, the main figure of interest in this case is the change in sales from the previous month. Compared to April 2011, sales were 1.4% lower in May 2011. The The expectations were for a smaller drop. The year over year rise is less important in ...
GBP/USD Resumes Falls On Plunging Retail Sales
- Yohay commented Jun 16, 2011
Thanks for your comment Mike. Why can we expect a rise in the pair?
GBP/USD Resumes Falls On Plunging Retail Sales
- Yohay commented Jun 13, 2011
Thanks for all your comments. We're having a slow start to the week, but things will get messy sooner than later, as time is running out...
EUR/USD Outlook – June 13-17
- Yohay commented Jun 12, 2011
I am bearish on EUR/USD. Germany and the ECB are drifting apart on a solution for Greece at a critical time. Even if we don’t get a disorderly default, the crisis is likely to escalate, and this weighs heavily on the euro, together with lower oil ...
EUR/USD Outlook – June 13-17
- Yohay commented Jun 9, 2011
Trichet is somewhat more polite than Trump, but he's certainly tough...
Trichet should watch his language
- Yohay commented Jun 7, 2011
A rate hike is will definitely hurt Greece and Ireland. ECB policy tends to lean towards Germany, so they are likely to hint a hike in July.
EUR/USD Settles on Higher Range on Good Figures
- Yohay commented Jun 7, 2011
Thanks for comments. You're most welcome. The problem with some of the currencies in emerging markets is that they are sometimes subject to significant interventions and / or fixing, and not as free trading as currencies of developed countries.
Emerging curriencies in the ascendency
- Yohay commented Jun 3, 2011
It's definitely an "ugly contest" with all the world slowing down. It looks like the bad situation of the US may prompt QE3...
Non-Farm Payrolls Disappoint Everybody - Yen and Franc Biggest Movers
- Yohay commented Jun 3, 2011
Non-Farm Payrolls action is always wild. I think that the death of Bin Laden only had a temporary effect. Bernanke presser was a big event. The man that is capable of strengthening the dollar is Jean-Claude Trichet, that sent the dollar higher and ...
Non-Farm Payrolls Disappoint Everybody - Yen and Franc Biggest Movers