Rickos, a friend from Forex Forms mentioned the possibility of countries like Greece and Hungary dragging down the whole Euro Zone and of course the Single Currency “Euro” along with them.
I’ve been watching the Indices of these two countries since the Dubai Crisis started as the experts reckon these two countries (Greece being the leader) could follow soon. The debt problems there are only getting worse by each passing day and the Index actually shows the extreme bearish sentiment.
Unfortunately, I do not have a chart right now to share but the interesting thing is that Dubai and Abu Dhabi markets had started giving these kind of Signals almost a month before the actual Dubai Crisis started.
Question is, could Greece be the leading Indicator this time ?
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Hungary is not a eurozone member.
Hungary is only EU (European Union) member along with troubled Latvia, Lithuania and the rest eastern europe.
[...] I hope you remember this post and chart … Athens Composite Index has continued to fall just as the way the Kumo Cloud suggested but now the question is can we find a support (at least a temp one) at 1875 or 1750 levels ? [...]