Closed short EUR/USD June'15 @ 1.1339, gain of 19%.
The idea behind this trade was to take advantage of the nervousness surrounding a Greek deal. It was set back a bit by the FOMC minutes, but was ultimately a winner. I think if the new Greek government continues course, two things will happen: 1) they will run in to stiff resistance in their own party and may have to change course (unless/until it becomes overrun by opportunists leaving other parties); 2) medium/long-term, the economy will improve and modernize. There are still many risks, but it looks like Greece was bluffing not just the Eurogroup, but their electorate. In the end, not necessarily a bad outcome.
Will continue to watch whether this gets through Greek parliament...
The idea behind this trade was to take advantage of the nervousness surrounding a Greek deal. It was set back a bit by the FOMC minutes, but was ultimately a winner. I think if the new Greek government continues course, two things will happen: 1) they will run in to stiff resistance in their own party and may have to change course (unless/until it becomes overrun by opportunists leaving other parties); 2) medium/long-term, the economy will improve and modernize. There are still many risks, but it looks like Greece was bluffing not just the Eurogroup, but their electorate. In the end, not necessarily a bad outcome.
Will continue to watch whether this gets through Greek parliament...
Allahabad High Court ने #NPA पर पावर कंपनियों को नहीं दी राहत, #RBI के सर्कुलर पर रोक लगाने से किया इनकार, पावर कंपनियों के शेयरों की पिटाई। capitalstars Financial Research Private Limited
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