EUR might drop below USD

[Valta Crypto]

EUR/USD Forecast Apr. 13-17
http://www.forexcrunch.com/category/forex-weekly-outlook/eur-usd-outlook/

[1714147849]

1714147849

[CreationLayer]

Hope you've been happily shorting on 1broker

[Fabrizio89]

Yeah central banks think we could see 0.9 by the end of this year.

[Q7]

If Greece leaves the Euro zone, that would make the Euro stronger, and that may happen.

if greece leaves, spain, italy, germany, the uk ... will all follow and the euro will become weaker for sure.

UK although is a member of the European Union has chosen not to use the euro. Pound is still the official currency. If Greece decides to leave, I believe that would have minimal impact in terms affecting the whole eurozone economy but more significant is whether their decision will also influence the others to also consider leaving the bloc and undermine the currency. The problem actually arises from fx trading activities whereby traders will use this as an excuse to short the currency and cause instability.

[Thegen]

I see a lot of chaos there, for example those who think that Switzerland and UK are part of the Eurozone... Really?

By the way probably EUR won't drop below USD and the Eurozone won't collapse after a hypothetical Grexit, just because Greece is too small.

Actually the only downside of a Grexit and the consequent bankruptcy is the public exposure of Germany (65bln€), France (49bln€) and Italy (43bln€).

As you can see here: Eurozone countries exposures to Greece - 2011 vs 2014.

But that's not a really big deal actually.

[leen93]

http://www.nasdaq.com/article/eurusd-moves-back-toward-parity-ending-the-week-down-more-than-3-cm464318

[leen93]

I see a lot of chaos there, for example those who think that Switzerland and UK are part of the Eurozone... Really?

By the way probably EUR won't drop below USD and the Eurozone won't collapse after a hypothetical Grexit, just because Greece is too small.

Actually the only downside of a Grexit and the consequent bankruptcy is the public exposure of Germany (65bln€), France (49bln€) and Italy (43bln€).

As you can see here: Eurozone countries exposures to Greece - 2011 vs 2014.

But that's not a really big deal actually.

if greece leaves the eurozone will collapse, italy, spain, and why would germany still want to stay in? ...

[Thegen]

I see a lot of chaos there, for example those who think that Switzerland and UK are part of the Eurozone... Really?

By the way probably EUR won't drop below USD and the Eurozone won't collapse after a hypothetical Grexit, just because Greece is too small.

Actually the only downside of a Grexit and the consequent bankruptcy is the public exposure of Germany (65bln€), France (49bln€) and Italy (43bln€).

As you can see here: Eurozone countries exposures to Greece - 2011 vs 2014.

But that's not a really big deal actually.

if greece leaves the eurozone will collapse, italy, spain, and why would germany still want to stay in? ...

That's not the case, as an italian guy i am 100% sure that we will stay in the eurozone with or without Greece.
If you ask me, France is the biggest problem for the Eurozone, not economically (at least not right now), but politically, but that's another story.
By the way I already said that a Grexit is not a big deal, greek economy is just too small, not a big player and however we can't even tell if a Grexit is likely to happen or not, so right now the Eurozone is safe.

[BillyBobZorton]

I don't think they're that stupid. This has to be intentionally done to make the crisis worse. They know that they can't get away with all the reforms they want, so they're creating a crisis to offer a "solution":

problem -> reaction -> solution

[thejaytiesto]

I see a lot of chaos there, for example those who think that Switzerland and UK are part of the Eurozone... Really?

By the way probably EUR won't drop below USD and the Eurozone won't collapse after a hypothetical Grexit, just because Greece is too small.

Actually the only downside of a Grexit and the consequent bankruptcy is the public exposure of Germany (65bln€), France (49bln€) and Italy (43bln€).

As you can see here: Eurozone countries exposures to Greece - 2011 vs 2014.

But that's not a really big deal actually.

if greece leaves the eurozone will collapse, italy, spain, and why would germany still want to stay in? ...

That's not the case, as an italian guy i am 100% sure that we will stay in the eurozone with or without Greece.
If you ask me, France is the biggest problem for the Eurozone, not economically (at least not right now), but politically, but that's another story.
By the way I already said that a Grexit is not a big deal, greek economy is just too small, not a big player and however we can't even tell if a Grexit is likely to happen or not, so right now the Eurozone is safe.

All these countries would be better outside (basically all south europe).

The very best thing for a Failed Bank to do-- is FAIL! Sadly, it seems the system is set up so that the Failed Banks can only be FAILED.

Time to make that happen.

Time for the Banks to be left empty, smoldering shells.

People down there, have already suffered, and paid enough at their expense.

[criptix]

The biggest upcoming problem will be the uk referendum in 2017 about leaving the eu.
additionaly grexit + marine le pen as french president...

Gonna be stormy times for europe

[randy8777]

The biggest upcoming problem will be the uk referendum in 2017 about leaving the eu.
additionaly grexit + marine le pen as french president...

Gonna be stormy times for europe

europe will face tough years. something that was supposed to bring us wealth is now making us poorer than ever. we citizens can only hope for the best.

[Natalia_AnatolioPAMM]

Yeah central banks think we could see 0.9 by the end of this year.

hopefully not

[1Referee]

The biggest upcoming problem will be the uk referendum in 2017 about leaving the eu.
additionaly grexit + marine le pen as french president...

Gonna be stormy times for europe

europe will face tough years. something that was supposed to bring us wealth is now making us poorer than ever. we citizens can only hope for the best.

Hope is not enough. I recently opened a bank account outside the euro zone that allows me to hold USD balance.

I convert a certain amount of Euro's into USD just in case something bad happens with the Euro. I am prepared.

[GreenStox]

If (Super) Mario Draghi thinks that the EUR is our common european toilet paper then i think 1 sheet of ordinary toilet paper will be above 100€ bill.

It's not that the dollar will be higher, everythink will be. They print money like crazy people

[Thegen]

The biggest upcoming problem will be the uk referendum in 2017 about leaving the eu.
additionaly grexit + marine le pen as french president...

Gonna be stormy times for europe

europe will face tough years. something that was supposed to bring us wealth is now making us poorer than ever. we citizens can only hope for the best.

Hope is not enough. I recently opened a bank account outside the euro zone that allows me to hold USD balance.

I convert a certain amount of Euro's into USD just in case something bad happens with the Euro. I am prepared.

Well that's not a good move, Eurozone economy and US economy are strictly bonded together, just look what happened in 2008.

[GreenStox]

Well that's not a good move, Eurozone economy and US economy are strictly bonded together, just look what happened in 2008.

Yes so they will both sink relatively, however still the EU zone will sink faster, thus the EUR will get belowthe USD eventually

[bronan]

If Greece leaves the Euro zone, that would make the Euro stronger, and that may happen.

That's not likely to happen, I suspect what will happen is more countries like Switzerland who are fed up of footing the bill for countries like Greece will leave the Euro and as a result the euro zone will end up crashing because all you'll have then are countries left alone with massive debts that they don't intend to pay off.

Of course, the people they will blame are the countries that chose to leave instead of going along with their bullshit, they will likely also make the usual statements that leaving the euro zone is isolationism and so on and that the countries are just looking out for their own interests.

LoL switserland is not part of the EU, the countries paying for the greeks is done mostly by germany and the netherlands.
I pretty pissed about the way the greeks look at the mess they created themselfs
We in the netherlands have to work till 67 the greeks stop working at 55 another issue with the greeks is they hardly ever pay taxes.
So for me greece is a enormous black hole where the eu states has put in money since they became part of the eu and never changed anything.
The country suffers like many other tourist economy countries by lack of tourists but they have not done anything besides eating up others money.
I would not be suprised if the usd will pass the euro, all huge multinationals have their contracts made in dollars, these multinationals am complaining and pulling their puppets in every governement so now the big buyup will start which actually is absolute not needed at all.
My view is that the dollar will pass the euro after several huge buys from governement debts.
 

 

[Ingatqhvq]

Well that's not a good move, Eurozone economy and US economy are strictly bonded together, just look what happened in 2008.

If they are really bonded together, why the Eurozone start to QE and the US just quit QE and start to raise interest rates.
It seems there on the totally opposite direction.

[Thegen]

Well that's not a good move, Eurozone economy and US economy are strictly bonded together, just look what happened in 2008.

If they are really bonded together, why the Eurozone start to QE and the US just quit QE and start to raise interest rates.
It seems there on the totally opposite direction.

Because we have two different central banks with two different monetary policies, maybe?
This doesn't mean that they are not bonded together.

If they are not bonded together, why did Eurozone economy got infected in 2008?

LoL switserland is not part of the EU, the countries paying for the greeks is done mostly by germany and the netherlands.
I pretty pissed about the way the greeks look at the mess they created themselfs
We in the netherlands have to work till 67 the greeks stop working at 55 another issue with the greeks is they hardly ever pay taxes.
So for me greece is a enormous black hole where the eu states has put in money since they became part of the eu and never changed anything.
The country suffers like many other tourist economy countries by lack of tourists but they have not done anything besides eating up others money.
I would not be suprised if the usd will pass the euro, all huge multinationals have their contracts made in dollars, these multinationals am complaining and pulling their puppets in every governement so now the big buyup will start which actually is absolute not needed at all.
My view is that the dollar will pass the euro after several huge buys from governement debts.

Well not really, Germany (65bln€), France (48bln€) and Italy (43bln€) are technically "helping" Greece with a huge amount of money, the Netherlands are exposed for a tiny amount compared to them, just 13.8bln€.
And however all this "we work, they are lazy" story is just propaganda, you can't really bring it in in a serious discussion because it's just not completely true.