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Pip Anon commented Mar 24, 2013The deal itself is not what the market is concerned about. It is just a "resolution" to the problem.
Cyprus and EU agree draft proposal to rescue banks
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Pip Anon commented Mar 24, 2013"....deposits above 100,000 euros, which under EU law are not insured, will be frozen and will be used to resolve debt." So, they are just taking deposits? Theft much? What a deal.
Cyprus and EU agree draft proposal to rescue banks
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Pip Anon commented Mar 24, 2013Not really. Given the current state of the Eurozone, the euro won't be 1.4. There is not even a technical reason to take it there. How about it clear 1.34 before we start talking about EURUSD 2.75 Who even knows if the euro is around to get to 1.4; ...
Cyprus's Omirou says president has deal to discuss at Eurogroup
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Pip Anon commented Mar 24, 2013ECB required a levy deal or walk.
Cyprus's Omirou says president has deal to discuss at Eurogroup
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Pip Anon commented Mar 24, 20131.4 is never going to happen. Simply an algo bump. Let's get realistic.
Cyprus's Omirou says president has deal to discuss at Eurogroup
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Pip Anon replied Mar 24, 2013Everything is in principle. Still wondering what Draghi's "whatever it takes" is. For a market to say Cyprus means nothing, a 70 pip jump is certainly something.
EURUSD
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Pip Anon replied Mar 24, 2013Sorry, I meant to respond to the Cyprus bombing. Japan would be lovely. That kind of monetary policy is scary, but if that is a move you want to do at least you will get a solid exchange rate. Where in Japan would you go? Tokyo?
EURUSD
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Pip Anon replied Mar 24, 2013Going to be very similar to Greece. They still riot over there.
EURUSD
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Pip Anon replied Mar 24, 2013I am not sure what the issue is with filling gaps. Is this a psychological thing?
EURUSD
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Pip Anon replied Mar 24, 2013So what if they did. I once heard luck defined as a matter of preparation at the right time. Just because you or other traders may not have had success holding trades over the weekend does not mean that fits someone else's trading style or ...
EURUSD
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Pip Anon commented Mar 24, 2013Doubt it. Just a little sarcaism lol
Europe Has A Crisis — And It's Much Bigger Than Cyprus
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Pip Anon commented Mar 24, 2013Cool man. All is good. Back to 1.45
Europe Has A Crisis — And It's Much Bigger Than Cyprus
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Pip Anon commented Mar 24, 2013Is it fair that they have to give their money to failing countries in the first place? One way of not paying whatever high interest is by running your country legit. Just like ANY loan or credit program: a high-risk borrower will pay for being ...
Eurozone offers Cyprus the exit - our way or the highway
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Pip Anon commented Mar 24, 2013I don't know. Maybe not a big one. Traders assume a deal will be done. I think if nothing is done, the indecision will create a lower movement.
Eurozone offers Cyprus the exit - our way or the highway