Australian (ASX) Stock Market Forum

Greece default/exiting Euro?

Jump to new
Some kind of 'deal' has supposedly been worked out between EU and Greece but I'm struggling to make any sense of it. I think it just means the can has been kicked down the road for another 4 months.
I feel sorry for the can. It's really taking a beating.
 
Bintang said:
Some kind of 'deal' has supposedly been worked out between EU and Greece but I'm struggling to make any sense of it. I think it just means the can has been kicked down the road for another 4 months.
I feel sorry for the can. It's really taking a beating.
Click to expand...

I think we'll see increased volatility again in the coming weeks, once it becomes clear that the new Greek governement hasn't the faintest idea what they are actually doing :)
 
How long do the Greeks have to get their euros out of the banks and under the mattress ?

To referendum day or less ?

http://www.smh.com.au/business/worl...-to-decide-countrys-fate-20150628-ghzpoh.html

1435478586941.jpg
 
Hear that next up will be France exiting the Euro. Then Spain then it's the end of the Euro and austerity.
That or they forced the Greeks to an early election and vote this "fringe" gov't out like they did Italy.

Interesting to see if taxpayers will once again bail out the banks that lend to Greece. You can bet on that though.
 
08:05(GR) Greece govt discloses formal capital controls; Bans bank payments and transfers abroad - financial press- Confirms €60 daily ATM withdrawals.- Banks to remain closed until July 6th - Source TradeTheNews.com
Click to expand...

Should be an interesting open....
 
tech/a said:
DAX is currently off 470 or 4.5%
75 Off its lows.
Click to expand...


What is your reference Tech? Is that a CFD?

So how does IG calculate where a market is without having the actual future as a reference? They must have an algorithm that calculates it based on several international indices...

IG Markets German 30 CFD

The ES 09-15 has gapped down and is currently -1.32%
 
Well the HSI and HHI are selling off so fast now i can even see the depth in the book...
 
CanOz said:
Well the HSI and HHI are selling off so fast now i can even see the depth in the book...
Click to expand...

Too many books open...:rolleyes:

Interesting how they come up with this when the real futures market (the Eurex) doesn't have a session open right now...must be their brilliant risk managers on the their calculators....

Isn't referring to it as a futures, as well as a CFD an oxymoron?
 
Two different quotes....
 

Attachments

  • german 302.JPG
    german 302.JPG
    126.4 KB · Views: 80
Greece will default. There is no choice on that matter, it's simply mathematics.

What form that default will take is a completely separate consideration. People think default will be some audacious thing, but it can be very stealthy.

I think the probability of them exiting the Euro is rather low, I assign it to less than 10%.
 

Similar threads

M
The Economy And Government Finances
Replies
3
Views
3K
Julia
Julia
MARKETWAVES
'Hedge Fund' Blowout Threatens World Markets
Replies
12
Views
9K
scsl
S
Top