Greek continues to weigh on the euro

22 June, 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”.


Source link  
Dollar weakens farther below 92.00 handle

The greenback held on the defensive at the start of 2018, with the key US Dollar Index languishing near its lowest level in over three months...

Environment changes for central banks

2017 may have been extraordinary in terms of the political influences on G10 FX markets, but central banks have stolen a fair share of market...

Gold hangs closer to 5-month lows

Gold came under some renewed selling pressure on Wednesday and eroded majority of its previous session's recovery move from near 5-month lows...


EUR futures: deeper pullback not ruled out

According to CME Group’s flash data for EUR futures markets, traders increased their open interest positions by more than 19.1K contracts...

US Dollar looks to retake 92.00

The greenback, tracked by the US Dollar Index (DXY), is facing strong resistance in the boundaries of the 92.00 handle ahead of the opening bell...

EUR/GBP hits fresh highs

The British Pound faded UK manufacturing PMI-led minor up-tick, lifting the EUR/GBP cross to fresh highs since mid-March...


Oil sees a flash crash

Oil prices on both sides of the Atlantic witnessed a sharp downward spike, following comments from oil ministers of leading OPEC producers...

Euro under moderate pressure

The research team at Lloyds Bank explains that the euro, along with the pound, has outperformed over the past month...

Gold hanging near 3-week lows

Gold oscillated in a narrow trading band, with slight negative bias, and was seen consolidating...


In the past 24 hours Bitcoin has lost -4.27% and reached $7920.06. Open your trading account with the best cryptocurrency brokers on special terms today.

In the past 7 days the EUR/USD pair has lost -0.6235% and is now at $1.1765. Start trading and making money on Forex today.

In the past 7 days Ethereum has lost -9.72% and is now at $628.494. Have the most popular cryptocurrencies compared online 24/7.


Top Brokers offering Daily Forex Market Reviews


Forex Currencies Forecasts


Top 10 Forex Brokers 2018

# Broker Review
1easyMarketseasyMarkets89%
2FXTMFXTM88%
3HYCMHYCM86%
4FxProFxPro82%
5FIBO GroupFIBO Group81%
6FXCMFXCM71%
7HotForexHotForex70%
8XMXM69%
9Alfa-ForexAlfa-Forex68%
10Grand CapitalGrand Capital65%
  


Share: