Fundamental analysis for June 30, 2015

30 June, 2015

The Greek crisis provoked a sharp euro decline on Monday, during the Asian session.

The German investors expect the euro and European bonds to experience a significant pressure. They believe that the market preference will be given to safe-haven assets such as the Germany government bonds, as well as the gold.

Last week, the EUR/USD has grown a bit after the positive US consumer confidence release from the Michigan University. On Monday, the pair fell in the light of Greek news. The euro fell yesterday in the first part of the day amid the Greek issue still the tool was able to recover, thanks to the Swiss regulator interventions.

The GBP/USD finished trades in the negative area, still the cross-rate EUR/GBP decrease did not allow the British pound to weaken significantly. The gap was closed by the end of the trades.

The pair USD/JPY showed growth on the demand for risky assets. "Bulls" are returning in the hope of a Greece positive decision. However the pair decreased on the yesterday’s trades.


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