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

December 6, 2016
Cash rates remain on hold at 1.5% as expected
Asian stock markets managed to move mostly higher, after gains in Europe and on Wall Street yesterday. The Italian MIB closed with slight losses Monday, but it seems investors quickly got over the widely expected rejection of Italy’s constitutional reform and Renzi resignation...
December 6, 2016
AUD fell on RBA statement
The Reserve Bank of Australia decide to leave its policy settings unchanged. Such a decision was widely expected. The main, cash rate was left unchanged at 1.5% as expected by every analyst surveyed by Bloomberg...
December 6, 2016
Markets become increasingly acclimatized to negative news - adjustments never faster
Investors are getting used to bad news, and the lessons learnt in the past couple of months were implemented on Monday after the Italian referendum results...

FXCM Rating
 FXTM Rating
Grand Capital Rating
FIBO Group Rating
Z.com Trade Rating
HotForex Rating

OptionBit Rating
24option Rating
Empire Option Rating
IQ Option Rating
TropicalTrade Rating
TopOption Rating