RahmanSL
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A lot of traders seems to forget that Greece is not the only member states to be in trouble. It's just that their trouble is huge and take up a lot of attention.
There are a few more other troubled EZ members (notably Spain, Italy, France, Ireland, etc) whose economy is tethering on the brink of collapse too. That is the most worrisome part of the whole Euro issue.
I have absolutely no fear in shorting the Euro on any kind of spike upwards as I know for sure that it has no way of maintaining that level.
The USD is a whole different barrel of fish altogether as the USD is pegged to just too many commodities, trades, and to some foreign countries currencies making the USD (for the foreseeable future) the preferred currency to keep....even we forex traders' trading accounts are mostly in USD!
There are a few more other troubled EZ members (notably Spain, Italy, France, Ireland, etc) whose economy is tethering on the brink of collapse too. That is the most worrisome part of the whole Euro issue.
I have absolutely no fear in shorting the Euro on any kind of spike upwards as I know for sure that it has no way of maintaining that level.
The USD is a whole different barrel of fish altogether as the USD is pegged to just too many commodities, trades, and to some foreign countries currencies making the USD (for the foreseeable future) the preferred currency to keep....even we forex traders' trading accounts are mostly in USD!