Syriza won

eurusdzn

eurusdzn

Complacent , muted market response initially. Years ago this would have mattered. Years ago it would have been a surprise.
Let the leash out a bit . Concede enough to calm markets and avoid moral hazzard.
Showem how painful there way is after the champagne dries.
 
Last edited:
Futures sink following Greek elections
Jan 25 2015, 20:43 ET |By:Stephen Alpher, SA News Editor
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  • S&P 500 (NYSEARCA:SPY) futures are down 0.65%, DJIA (NYSEARCA:DIA) by 0.7%, and Nasdaq 100 (NASDAQ:QQQ) by 0.6% as the left-wing, anti-austerity Syriza party takes power in Greece. Looking like it's going to wind up with about half the seats in parliament, Syrizahas just cut a dealwith the small, right-wing Independent Greeks party to form a coalition government.
  • The two share little in common except for opposition of the austerity measures imposed on Greece by the Troika.
  • German Dax (NYSEARCA:EWG) futures are lower by 0.9%, France (NYSEARCA:EWQ) by 0.8%, and the U.K. (NYSEARCA:EWU) by 0.6%.
  • The euro (NYSEARCA:FXE) sunk to as low as $1.1099 in early trade this evening, but is currently off just 0.3% to $1.1171.
  • European and euro ETFs:FXE,VGK,EUO,FEZ,ERO,IEV,HEDJ,EPV,EZU,DRR,FEU,FEP,EUFX,UPV,ULE,EURL,URR,ADRU,FEEU,DBEU,IEUR,FIEU,HEZU,ESTX,FEUZ,DBEZ
  • Greek ETF:GREK
  • Previously:Anti-austerity Syriza set to sweep Greek elections(Jan. 25)
 
Long tech / short financials, QQQ/XLF may work here as well.
Financials probably weak here.

http://stockcharts.com/h-sc/ui.
Type in QQQ:XLF as symbol


Another example of a trade idea that has been working since the break in the euro and oil
last summer. Momentum and trend at work here that may continue to work going forward.
 
What affect will it have on the Cyprus/Greek brokers like IronFx, AAAFX etc. and the banks foolish enough to lend them billions ?
 
blakpacman said:
Good. Now kick out Greece and let them print all the money their anti-austerity leader wants. Let them eat paper money.
More...

You mean like the Greeks used to before the EMU? When they enjoyed life with the Drachma, and relied on tourism to drive their economy?

Yeah, hard times, those.
 
Sounds like the old Left v. Right battle is running out of steam . Hardly surprising when neither are popular. The tragedy is that the popularist parties are mainly built on lies and fantasy. Promises that cannot be realised. A major nail in democracy. While in Hong Kong the people are trying to usurp the 1 party state in China, just the opposite is happening in Europe.
For billions of Euros written off there is somebody on the other side of the deal losing shedfulls of hard earned Euros. Something the Left has been unable to understand. Disappearing into la la land is no escape. We have the Greens here - just as fanciful I regret to say and that idiot Cameron wants them in on the debate before The Election. They will slaughter him with their tree hugging nonsense.
Both the Left and Right have been tried and found wanting, so the gullible might give The Popularists a go - for real disaster. Thus giving lunatics like Hitler the opportunity to take over as they crave and to enslave us all. The shambolic Weimar Republic was the fore-runner of Nazism.
 
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