EUR/USD=1.00 in 2015. IMHO
No, financial forecasts are consistent. Dollar will soon reach higher price. It will be more like 1.3 EURO = 1 USD soon. Just wait and see. It is good time to buy some $$ now. 
Topic: EUR might drop below USD - page 22. (Read 33651 times)
EUR/USD=1.00 in 2015. IMHO
Let's be honest: the Greek government lied and falsified their public accounts for many years. It was the only way to get into the eurozone at the time.
Since they cannot devaluate their money anymore the situation is hopeless.
In another few months Greece will run out of money. Maybe quicker if we believe the rumors about the pension funds that are almost empty.
The new government will only speed up this process because no European country (or IMF) will give them money they will never pay back.
The only solution left for Greece is defaulting.
This means that on a Friday evening banks will close in Greece and on monday they will re-open with everybody's money changed into another currency (worth 50-80% less).
This is a Cyprus but 10 times bigger. In Greece the amount of money being cashed from banks runs into millions of Euro's every DAY.
Don't need to remind anybody what happened to bitcoin with the crisis in Cyprus.
Since they cannot devaluate their money anymore the situation is hopeless.
In another few months Greece will run out of money. Maybe quicker if we believe the rumors about the pension funds that are almost empty.
The new government will only speed up this process because no European country (or IMF) will give them money they will never pay back.
The only solution left for Greece is defaulting.
This means that on a Friday evening banks will close in Greece and on monday they will re-open with everybody's money changed into another currency (worth 50-80% less).
This is a Cyprus but 10 times bigger. In Greece the amount of money being cashed from banks runs into millions of Euro's every DAY.
Don't need to remind anybody what happened to bitcoin with the crisis in Cyprus.
The EUR is going down and the USD is going up up
"The Euro is Like Hotel California For Greece’s Varoufakis"
http://www.bloomberg.com/news/2015-01-27/greece-s-new-finance-minister-says-euro-is-like-hotel-california.html
"Why Fink Says Swiss Avoiding Recession May Be Bad News for Euro"
http://www.bloomberg.com/news/2015-01-27/why-larry-fink-fears-swiss-will-avoid-recession-after-franc-jump.html
http://www.bloomberg.com/news/2015-01-27/greece-s-new-finance-minister-says-euro-is-like-hotel-california.html
"Why Fink Says Swiss Avoiding Recession May Be Bad News for Euro"
http://www.bloomberg.com/news/2015-01-27/why-larry-fink-fears-swiss-will-avoid-recession-after-franc-jump.html
EUR is DONE. It will start with greece and continue with spain. They can kick greece but not spain, too powerful, so they will default.
i think thats really impossible to get EUR under USD
Not really. Also, the US economy is going to grow more than the European one this year, partly due to falling crude prices. That will take a lot of pressure off the USD.
i think thats really impossible to get EUR under USD
why? just wait and see, eur under usd this year
i think thats really impossible to get EUR under USD
True. It depends on the way the new Greek governement wants to play the game.
For now the stock market hasnt got any relevant reaction towards the new greek government, we'll see in the couple of weeks tho...
About Greece leaving the EU:
They won't.
When the EU was made, the decision was made that countries would not be able to kick other countries out. Even if every country want to kick Greece out, they can't.
The only option is that Greece decides that it may be wise for them to leave the EU. This won't happen, because the EU keeps giving free money to Greece.
As a European citizen, I can only watch the EU giving Greece my money, which I will never see back.
They won't.
When the EU was made, the decision was made that countries would not be able to kick other countries out. Even if every country want to kick Greece out, they can't.
The only option is that Greece decides that it may be wise for them to leave the EU. This won't happen, because the EU keeps giving free money to Greece.
As a European citizen, I can only watch the EU giving Greece my money, which I will never see back.
If Greece leaves the Euro zone, that would make the Euro stronger, and that may happen.
I dont think that Greece will leave because if they do leave the Greek government will have to force people to accept the new currency and they will have to revalue everyone's bank accounts into the new currency which is wont happen overnight.
If you're relying on some dude prognosticating on how sad it would be if Greece tells the slimy shitbags where to go, well that's your problem.
Meanwhile Greece has to get on with her life. Sell every fucking Euro you've got and buy something real with it, be it bitcoin or some land. The rest, they can AND WILL steal from you. With a grin on their faces.
Meanwhile Greece has to get on with her life. Sell every fucking Euro you've got and buy something real with it, be it bitcoin or some land. The rest, they can AND WILL steal from you. With a grin on their faces.
JP Morgan stated if Greece decide to leave the Euro then EUR value will lose another $0.10 against the USD.
Currently 1EUR = 1.123USD which is already crazy low.
It might actually be 1:1 at some point. I hope it will not as European citizen.
Currently 1EUR = 1.123USD which is already crazy low.
It might actually be 1:1 at some point. I hope it will not as European citizen.
EUR/USD Forecast Jan. 26-30
http://www.forexcrunch.com/category/forex-weekly-outlook/eur-usd-outlook/
Probably will unless ecb took some fast and drastic actions on the QE. But I was thinking whether with Greece exiting euro, would that actually have positive or negative impact towards euro but more likely it will be for the better
It's may happen.
US has end QE, and Europe start QE.
US has end QE, and Europe start QE.
If Greece leaves the Euro zone, that would make the Euro stronger, and that may happen.
Syryza or however its written just smashed the elections and won by big majority, things are going to get really really interesting. These guys dont want to be buttfucked by Merkel, but they are delusional if they think they can stop the Troika.I don't think they intend to exit Eurozone. I recall reading some interview the other day with Syriza leader and he said they're going to stay with Euro.
^ It's not that they don't want to pay. They want to renegotiate the debt. So, make payments in a way that doesn't leave much of the population in poverty and the economy destroyed. Don't know if they will be able to do it without leaving though.
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