Comments from Sam Tuck, a senior currency strategist at ANZ Bank New Zealand:
- "Things are going to be very very volatile, and there is a lot that can change very rapidly -- there's no script for this
- The knee-jerk reaction is for flight out of the euro and into safety. Defaulting to the IMF tomorrow looks like a certainty and when that happens there is no proposal, there is no legal mandate for Europe to bail out Greece. There are a whole bunch of unknown unknowns."
Reported on Bloomberg
Yep ... +1 to "Things are going to be very very volatile, and there is a lot that can change very rapidly " especially.
Plenty of trading opportunities already today, and more to come. Immerse yourself in the present, forget the predictions.