I dont like to make such predictions, but.. in this case.. (Hellas )
I think the 'historical' elections in Greece will not change so much.
Things can happen:
Nea Demokratia wins absolute
no new bailout negotiations, nothing changes.
Siritza wins, what i doubt,
some negotiations, 10 or 20 bil. € would be remitted, regrouped to Bonds, Pinks or dont know..
to something that can procrastinate it.. pensioners will receive 10 € more and some of the
medical or education cuts will be revoked. All sides won, lets continue the nightmare..
or a coalition..
the same think but weaker..
At all events, nice boost for the € at Monday.
The whole week around 1.26. What a wonder..
Oanda suspended trading on Sunday. (Y2K, FB hype in my opinion)
Due to the extreme volatility some market analysts foresee could result in the coming days, OANDA fxTrade will not accept any trading activity from 6:00 AM EST until approximately 3:00 PM EST, on Sunday, June 17, 2012. OANDA believes the convergence of a major market event during off-market hours represents a potential trading risk and has taken this rare step to protect traders from excessive rate fluctuations.
For gamblers, take 500 $ and go long on € at Sunday. Even with spread 20.
At a broker that allows it.
And, whats the omnipresent hype forgets to say, its not about € or no €.
Its only about two parties, nothing more. Even if Siritza wins, without a coalition pressure
i highly doubt they will exit the €. With Nea Demokratia, no chance.
AND even if Siritza wins 100 %,
and bailout the bailout
it has to pas month's till the € exit.
I hope its clear for every body that a currency exit is not a 2 weeks thing.
And it this time so much things can happen. Spain or Italy can happen
or or and, a EU made law
'that allows the infected Countries to...'
and the exit is obsolete, and so on..
That got longer than i thought..