Interests in a Greek deal go beyond Eurozone

10 July, 2015

As Greece tables its final offer ahead of this weekend’s summit that will end in either a third bailout or the economic catastrophe for the country the markets are optimistic that this time a deal will be done. One of the main hurdles Tsipras now faces is getting his parliament to vote in favour today, before the markets close ahead of the weekend. Risk assets are expected to rally strongly this morning with the FTSE 100 and Dax expected to post triple digit gains. Despite the breakdown in relations between Greece and its creditors and the decreasing appetite for a deal to be made, there are considerable risks of there not being an agreement, not just to Greece and the Eurozone but way beyond and so there are still significant interests in negotiations concluding in a new bailout. That is of course, if the Greek parliament accepts the proposal first. So considerable risks remain ahead of the week end and beyond but for now investors are hopeful a deal can be done.

Economic data will remain a background noise today although Janet Yellen is scheduled to speak later where she is likely to make further reference to the risks of a Grexit, just as there had been some emphasis on this in Wednesday’s FOMC minutes. Whatever happens, it is make or break for Greece this weekend.


Source link  
USD weakens as Supreme Court rules

Markets have maintained the themes from yesterday overnight with the USD showing weakness on the back of poor Philly Fed data. The US Supreme Court...

OPEC meetings in the spotlight today

OPEC, JMMC meetings are taking place today in Vienna with agreement on production levels high on the agenda. This can impact on prices in Oil markets...

Markets are taking a breath right now

Whether this turns into a broader rally or the selloff is resumed remains to be seen. Stock markets are higher after support was found in the European...


Trump wants a further $200 Billion of tariffs

While there was risk yesterday from Central Bankers very little was said to move the market. Instead the Trade War narrative boiled up again with the latest...

Oil down over 4% from Friday's open

OPEC and non- OPEC members are meeting in Vienna on Thursday for the start of a 3 day summit where production cuts are on the agenda...

ECB sparks huge moves in the Euro

The ECB dominated markets yesterday as they shifted their policy stance and signalled their exit from QE. The Bank is looking to reduce its bond buying by...


FOMC meeting results in a weaker dollar

The FOMC raised rates by 0.25 bps yesterday evening to a 1.75% to 2.00% target range in a hawkish move and reaffirmed its expected forecast of 2 more...

Progress made between Trump & Kim

US President Trump and North Korean Leader Kin Jong Un met in Singapore overnight. Progress was made between the two leaders during this first meeting...

Poor British statistics presses on sterling

Britain's statistics continue to indicate a slowdown in the UK economy. Today's data showed a decline in industrial production by 0.8% during April against...


In the past 24 hours Bitcoin has lost -3.3% and reached $5924.55. Open your trading account with the best cryptocurrency brokers on special terms today.

In the past 7 days the EUR/USD pair has gained 0% and is now at $1.1605. Start trading and making money on Forex today.

In the past 7 days Ethereum has lost -10.34% and is now at $451.761. 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
1easyMarketseasyMarkets88%
2FXTMFXTM87%
3HYCMHYCM85%
4FIBO GroupFIBO Group80%
5FxProFxPro77%
6FXCMFXCM74%
7Alfa-ForexAlfa-Forex72%
8HotForexHotForex71%
9FP MarketsFP Markets70%
10XMXM69%
  


Share: