Deal or no deal

June 23, 2015

So Greece has finally presented the EU with reform proposals that were welcomed and there was a great deal of optimism as yesterday’s trading session saw a surge in risk appetite. That risk appetite is set to continue this morning with European equities looking to add to yesterday’s gains as clear political will power looks set to save Greece from default and a nasty exit from the euro, for the summer at least. It doesn’t look like Greece will receive any further debt relief, but their proposals have been all but accepted so we can pretty much rest assured that the €7.2 billion of bailout funds that have been earmarked for the country since the beginning of the year will finally be released later this week. This should get them to the end of August but the total of repayments due to both the IMF and ECB far exceeds this aid, with a further €2 billion due to the IMF in September and October. If this week concludes with agreement between Greece and its creditors it won’t be long before the next chapter in this drama.

Away from the Greece situation overnight Chinese Manufacturing PMI came in slightly better at 49.6 and today sees other European manufacturing and services PMIs that could lead to a move in EURUSD, already a little softer at 1.1265, with German and Eurozone data out this morning. Later in the day we see quite a bit of data with US durable goods, new home sales and a manufacturing PMI. The durable goods has the potential to move the dollar the most today, but this week for the greenback it’s tomorrow’s GDP revision has the most potential to have an impact.

Publication source
FxPro information  FxPro reviews

January 19, 2017
U.S. reports revealed a hefty 0.8% December industrial production
Asian stock markets traded mixed, with Japan and ASX moving higher, as Fed’s Yellen said she expects to hike rates few times a year through 2019 to 3% neutral rate...
January 19, 2017
Yellen repeats Fed is close to meeting targets, USD up
The speech by the US central bank governor Janet Yellen did not offer any new insights on the attitude of FOMC, nor did it cause large shifts in the pricing of future rate hikes (even if now 3 rate hikes in 2017 look again more probable than only one, with 2 remaining the most expected outcome)...
January 19, 2017
Trump vs Yellen & Draghi vs Weidmann
The U.S. dollar has been on a roller-coaster this week. After dropping by more than 1% on Tuesday the dollar index recovered 0.9% from its lows...

EXNESS Rating
Larson&Holz IT Ltd Rating
FIBO Group Rating
 FXTM Rating
HotForex Rating
Fort Financial Services Rating

Anyoption Rating
UKoptions Rating
OptionFair Rating
OptionTrade Rating
Porter Finance Rating
OptionRally Rating