Greek continues to weigh on the euro

June 22, 2015

Allan von Mehren, Senior Analyst at Danske Bank, sees the Greek drama still being the main drag for the single currency, while he expects spot to grind lower.

Key Quotes

“The Greek end game will most certainly dominate FX markets this week”.

“In recent weeks we have seen that a widening in peripheral bond yield spreads to core has not been the EUR negative factor it used to be, which probably reflects that aGrexit is not regarded the disaster it could have been a few years ago due to the possibility of the ECB expanding its QE scheme and limiting contagion via the OMT programme”.

“While we maintain that a deal will be struck, there is clearly a risk of this not happening and in our view a Greek default would be a EUR negative as it would spur the pricing of the ECB expanding its bond buying”.

Publication source
HYCM information  HYCM reviews

October 26, 2016
Greenback is powered by Fed rate expectations
On Wednesday, the US dollar was backed by hopes that American interest rates will edge up by the year-end. It stood flat during Asia trade, just below a nine-month high reached overnight, while the Australian dollar earned as inflation data doused the probability of a rate drop there...
October 26, 2016
Rising rate hike odds push Dollar
The Greenback extended its rally to a nine-month high against other major peers against the rising bets of a FED tightening in December. As rumors are circling the next US leader saying that they will shift the stimulus burden from FED via changes in the fiscal policy...
October 26, 2016
Gold futures edged higher on Tuesday
The XAU/USD pair traded flat on Tuesday. The price remained between 1270 and 1260 dollars per ounce during the day. Gold prices struggled to find support around 1260. Sellers failed to break the level and the yellow metal bounced upwards and recovered to the upper boundary of the range...

FIBO Group Rating
Vantage FX Rating
OctaFX Rating
XM Rating
FXTM Rating
Larson&Holz IT Ltd Rating

Porter Finance Rating
Empire Option Rating
OptionFair Rating
OptionsXO Rating
Banc De Binary Rating
Anyoption Rating