FX markets remain focused on developments around the Greek negotiations. Last week markets traded on positive sentiment over a Greek debt package, however this week has started on a more negative tone. We stress that the situation is dynamic with no deal being inked despite intense decision over the weekend. While reform measures provided by the Greek government were well received by institutions and Eurozone members there remains a high level of skepticism over the ability of the Greek government
Central Banks more..
Later in the session, Fed chairwoman Yellen said “it will be appropriate at...
The relatively positive outcome of the Eurogroup meeting of Finance Ministers...
Forex Majors more..
Data showed that the final estimate of industrial production in Japan retreated...
Forex News more..
The Australian dollar advanced throughout trade on Wednesday as the quarterly...
Indicators News more..
The US services sector in April continues to expand at a brisk pace as...
FX markets remain focused on developments around the Greek negotiations. Last...
News Commodities more..
Oil quotes on Tuesday morning have shown a growth. Brent crude at 10:10 EET...
On the macro front, Canada’s unemployment rate remained unchanged at previous month’s level of 6.8% in June, albeit markets expectations were for it to rise to 6.9%. Meanwhile, the number of employed people in the nation eased by 6.40 K in June, compared to a gain of 58.90 K in May.
On Monday the euro/dollar closed down but didn’t quite reach the forecasted target of 1.1070. The fall of the euro stopped around 1.1130. The euro was weak against the dollar and pound because of problems with Greece. The European Commission convened but came to no positive conclusions about Greece. There is some progress, but the negotiation process between Greece and its creditors is slow.
Attempt of bears to return the control over pound/dollar has come to grief at the 51-st figure where pair have redeemed, and, having brokethrough resistance in area of 52-nd figure, has risen up to a level of 1.5261. Thus, in short-term prospect testing possible the resistance in the area 1.5290-1.5300, marked by us as the nearest target of bulls.
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World Interest Rates
Last Monday there was a meeting in Washington hosted by the Official Monetary and Financial Institutions Forum (OMFIF) to...
Grexit Risk: I keep banging on about it, but don’t get sucked into trading spikes on the back of headlines. If you read the...