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  
Profit-taking after big sell-off

There is a demand for profit-taking in the markets after powerful movements at the end of last week and a very aggressive trading start...

Hot August for currency markets

This August seems hot. Not only temperature but also currency market volatility is rising. The period of active vacations, which is accompanied by a decrease in volumes...

Dollar is close to its important levels

The demand for dollar, provoked by the fears of new US sanctions against a number of countries and expanding trade conflict with China push the American currency close...


Trump raises stakes in the trade war

Two opposite trends prevail in the global markets. Strong reporting of companies, including Apple indicators supports the demand in world...

USD grows on high GDP expectations

The single currency is traded near weekly lows against the dollar, getting under pressure after maintaining the soft tone of the ECB during the regular meeting...

Facebook failure obscured optimism

Yesterday the markets enjoyed a rare portion of good news on international trade. Trump and Juncker agreed not to introduce new tariffs for the period of negotiations...


Trump tosses dollar from highs

The dollar remained under pressure after the Trump's criticism about the strengthening of the national currency. Despite doubts that the influence of the president...

Oil hits 3-month lows

On Monday, the dynamics of oil was in the spotlight on a combination of negative factors by both the potential demand and the supply part. Asian markets...

Fed Monetary Policy Report to be released

This report is release twice a year and provides an insight into the conduct of monetary policy and economic developments and prospects for the future for the...


In the past 24 hours Bitcoin has gained 1.54% and reached $6516.37115715. Open your trading account with the best cryptocurrency brokers on special terms today.

In the past 7 days the EUR/USD pair has lost -1.3466% and is now at $1.138. Start trading and making money on Forex today.

In the past 7 days Ethereum has lost -15.93% and is now at $299.872779344. 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%
2FXTMFXTM87%
3HYCMHYCM85%
4FxProFxPro80%
5FIBO GroupFIBO Group78%
6FXCMFXCM73%
7AvaTradeAvaTrade68%
8HotForexHotForex67%
9Alfa-ForexAlfa-Forex66%
10XMXM66%
  


Share: