Thread: GBP and JPY Pairs H1 2013

debt is slavery, we must go back to being citizens instead of consumers

if we hit 1.1979 area i,ll try 1 mini on downside. EUR/USD

Ok might be a silly question but what happens when a country declares bankrupcy i mean apart from not being able to access the markets

Originally Posted by Mary R

Debt is no fun. You always end up having to pay it back.

Originally Posted by PoundGuy

Ok might be a silly question but what happens when a country declares bankrupcy i mean apart from not being able to access the markets

Countries don't really declare bankruptcy.There is not an international court which can determine who has first lein on a country's assets. There have been several instances in history when countries have defaulted on their debt, including Russia and Argentina. They usually end up screwing the bondholders, then turning to the IMF or World bank for financial assistance until they can get their act together. Usually under these cirucmstances the IMF recommends devaluing the country's currency which gives them a competitive advantage.

SNB intervention now?

Look at the eur/chf. If that ain't intervention, I'll eat My hat.

happen to Brazel a while back. this could be long discussion.

where is the big pop

Eur/Usd

Now we have an interesting situation....

Oh i see just thought the state of finances in many countrys maybe they should try bankrupcy lol

Originally Posted by Mary R

Countries don't really declare bankruptcy.There is not an international court which can determine who has first lein on a country's assets. There have been several instances in history when countries have defaulted on their debt, including Russia and Argentina. They usually end up screwing the bondholders, then turning to the IMF or World bank for financial assistance until they can get their act together. Usually under these cirucmstances the IMF recommends devaluing the country's currency which gives them a competitive advantage.

Originally Posted by Mary R

SNB intervention now?

As if we did not see this coming.

Originally Posted by bill2759

Look at the eur/chf. If that ain't intervention, I'll eat My hat.

Sorry Bill, that was my fault. I wanted to buy 1 lot of E/C, but by mistake typed 1B (Billion) lot. Oops, sorry. Hope nobody lost any money.

EUR/USD range....

Originally Posted by martyman13

Sorry Bill, that was my fault. I wanted to buy 1 lot of E/C, but by mistake typed 1B (Billion) lot. Oops, sorry. Hope nobody lost any money.

Fat fingering it huh marty? hehe!

could have some legs