I prefer to more eloquently call it "at the wrong end of the shit stick"

Greek Default Specter Leaves Germans Facing Bad-Bank Bill

If forecasts were always right, we would all be rich. Experience will teach you what to take notice of and what to ignore.

S&P lowers unsolicited rtgs on Italy to 'A/A-1'; outlook neg

You said it Giorgio79. If you entered a long position on the euro while knowing that if you profited from the trade, you would pocket the money, but if you lost, somebody else would reimburse you, wouldn't you consider that a fantastic risk/reward ...

Greek Default Specter Leaves Germans Facing Bad-Bank Bill

It is not rising high. It is now in a range between 1.3720 (resistance) and long term channel support currently pegged at around the 1.36 handle. Until more bad or good news comes out of europe, expect it to stay in this range. If the equity indexes ...

S&P lowers unsolicited rtgs on Italy to 'A/A-1'; outlook neg

Well a prediction is exactly that... A prediction. It is no more than a glance into a crystal ball. The only people who know are the Greek PM and FM and anybody else they have told. Unfortunately they haven't told me what their intentions are ...

Greek govt denies report it is considering holding a referendum on euro membership – Spokesman

All they need is another rogue trader who is better than the last one

Greek govt denies report it is considering holding a referendum on euro membership – Spokesman

Well I guess we will see how well equipped the ECB is to hold back the flood waters. It is no easy task but I suppose you are correct in that it has to be tried at the very least. The alternative is too globally contagious.

Australian banks pull funds out of troubled euro zone

The "uncertainty" glass is already full. This is a non-event. A Greek default is already mostly priced in therefore Greece considering leaving the eurozone (which equates to a default anyway) does not create any more negative sentiment than what ...

Greek govt denies report it is considering holding a referendum on euro membership – Spokesman

When people who are short Eur/Usd start to take profits (closing some or all of their short positions), it is in effect selling the USD and buying the euro therefore going long. That is a retrace/pullback. Trend is still bearish.

S&P lowers unsolicited rtgs on Italy to 'A/A-1'; outlook neg

Fool, they only suspended swaps with 'some' european banks. There are still many other they can trade with. Just not the two messy ones.

China State Bank Suspends FX Swaps Trading With Some European Banks

It seems the run has been going on for a while in the form of a brisk walk hoping nobody would notice. The gig is up now. First hint should have been the cbanks injecting liquidity.

Australian banks pull funds out of troubled euro zone

Yes Konrad. I understand what you mean and I agree a default would be a disaster. But borrowing more money to pay what you already cannot pay is an even bigger disaster waiting to happen. Regardless, you are only assuming based on what you believe ...

S&P lowers unsolicited rtgs on Italy to 'A/A-1'; outlook neg

I thought so. I was only out for a few hours so I wasn't sure if Konrad was right or not until I checked it out myself. Besides, if the payment had been approved, the euro would have rallied already.

S&P lowers unsolicited rtgs on Italy to 'A/A-1'; outlook neg

Hmm I must have missed that. Where was it published? UPDATE: The €8 Billion tranche has not yet been approved. It is only assumed that it will be... and you know what they say about assumptions.

S&P lowers unsolicited rtgs on Italy to 'A/A-1'; outlook neg

Very true. But I wouldn't be too bullish until Greece gets its next €8 Billion tranche approved.

S&P lowers unsolicited rtgs on Italy to 'A/A-1'; outlook neg

I was thinking the same thing but I will probably not look into doing that unless we are sitting on strong stubborn support and I am sure there is no negative news from europe at the time.

S&P lowers unsolicited rtgs on Italy to 'A/A-1'; outlook neg

Never mind Greece. Italy just got hit by an s&p rating downgrade. The virus is spreading.

Greek default: What it would mean

All you Euro bulls can forget 1.42 for now.

S&P lowers unsolicited rtgs on Italy to 'A/A-1'; outlook neg

this is as far as I can get in the article: Yes, Prime Minister: “Never believe... Reading the rest requires me to enter my email address.

Greece Should Default and Abandon the Euro

Only if you want to give them your email address.

Greece Should Default and Abandon the Euro