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5 Reasons Why EUR/USD is higher after the Greek escalation

5 Reasons Why EUR/USD is higher after the Greek escalation

Jun 29, 2015 19:56
EUR/USD is trading at 1.1250 already reaching 1.1276, over 100 pips from the close on Friday. Since Friday, the Greek crisis went into overdrive, with the breakup of talks,...

Majors»

USD/JPY Forecast June 29 – July 3

USD/JPY Forecast June 29 – July 3

Jun 28, 2015 16:04
USD/JPY pushed higher, gaining about 100 points on the week. This week’s highlights are Retail Sales and the Tankan Indices. Here is an outlook on the major events...

Minors»

AUD/USD Forecast June 29 – July 3

AUD/USD Forecast June 29 – July 3

Jun 28, 2015 14:16
AUD/USD softened late in the week, and lost about 80 points over the week. The pair closed the week at 0.7746. It’s a busy week ahead, with just 11 events on the...
  • USD/CAD Forecast June 29 – July 3
    USD/CAD Forecast June 29 – July 3
    It was another uneventful week for the Canadian dollar as USD/CAD was unchanged. The pair closed the week...
    on Jun 28, 2015 11:46
  • NZD/USD Forecast June 29 – July 3
    NZD/USD Forecast June 29 – July 3
    The New Zealand dollar found it hard to recover after the previous blows and reached new lows. The focus is now...
    on Jun 28, 2015 09:12
  • AUD/USD Forecast June 22-26
    AUD/USD Forecast June 22-26
    AUD/USD showed some movement in both directions, but closed the week unchanged. AUD/USD closed the week at 0.7743. It’s...
    on Jun 21, 2015 13:54

Basics & Industry»

Greek crisis – updates from 7 forex brokers

Greek crisis – updates from 7 forex brokers

Jun 28, 2015 16:34
The crisis in Greece has significantly deteriorated over the weekend. This implies extreme volatility as markets open in early Asian trading. Some brokers have taken measures...

Recent Articles

German unemployment change -1K – worse than expected

German unemployment change -1K – worse than expected

A smaller drop than expected in German unemployment: a drop of only 1K jobless in May. This was joined by a minor revision for April: a drop of 5K. This is the 9th consecutive month of drops in unemployment, but this is a shallower slide than predicted. EUR/USD is ticking a bit lower to 1.1165 – a

Greece could attempt to block Grexit in court

Greece could attempt to block Grexit in court

European leaders rushed to make it clear that Sunday’s Greferendum is actually a vote on euro-zone membership and not on the creditors’ proposal. Yet as there are no official mechanisms for leaving the euro-zone (“Hotel California”), Greece might opt for appealing for an injunction in the European court of justice. The Daily Telegraph quotes Greek

EUR/USD slides back down Greek Deadline Day

EUR/USD slides back down Greek Deadline Day

June 30th is here: this is the double deadline for Greece: to pay the IMF and when the bailout expires. Last minute diplomacy is going on, but the focus is already on the Greferendum on Sunday. After yesterday’s amazing recovery rally (5 reasons here), EUR/USD is changing course and sliding back down, back to Friday’s close.

Grexit More Likely, But GRIN Remains Our Base-Case – RBS

Grexit More Likely, But GRIN Remains Our Base-Case – RBS

As the euro slides again on deadline day for Greece, there are many open questions next. Will Greece leave the exit or not? The team at RBS weighs in: Here is their view, courtesy of eFXnews: RBS now sees increased chances of a Grexit, but GRIN (Greece remains in Eurozone) remains its base case scenario. “If we

Report: Juncker sent last minute offer to Greece including debt measures from October – was rejected

Report: Juncker sent last minute offer to Greece including debt measures from October – was rejected

A report is emerging from EU officials and the Greek press (Kathimerini) that EC president Juncker sent a last minute offer to Greece. . The offer is for a one month extension and will include a commitment to talk about Greece’s debt from October 2015. Another report suggests that the Greek government has swiftly rejected the offer. Can

What the Greferendum means for EUR – TD

What the Greferendum means for EUR – TD

As the Greferendum begins to turn into a referendum on Greece’s membership in the euro-zone, the stakes are high also for the value of the euro. The team at TD Securities analyzes: Here is their view, courtesy of eFXnews: TD’s base-case is that the Greek referendum is likely to result in Greeks accepting the proposal by

5 Reasons Why EUR/USD is higher after the Greek escalation

5 Reasons Why EUR/USD is higher after the Greek escalation

EUR/USD is trading at 1.1250 already reaching 1.1276, over 100 pips from the close on Friday. Since Friday, the Greek crisis went into overdrive, with the breakup of talks, the Greferendum announcement, the rejection of the bailout, the ECB freeze of ELA and the capital controls. A lot of alarming events. So how come the Sunday

Greek crisis – all the updates in one place

Greek crisis – all the updates in one place

The crisis in Greece has entered a new and extreme level, with the recent break up of talks and with the potential of Greece exiting the euro-zone, a move dubbed for years as “Grexit” and more recently “Grexident”. What is the background? What is going on right now? What are analysts saying? How will this affect the value

Talking Greece, China and pair of the week [Video]

Talking Greece, China and pair of the week [Video]

I had the chance to speak with Dale Pinkert of FXStreet’s Live Analysis Room. We talked about the impact of the escalating Greek crisis on markets, where it is more pronounced where it isn’t, and we didn’t forget other events rocking markets. You can see the video, which includes charts and the pair of the week

EUR/USD closes the gap amid comments on Greferendum

EUR/USD closes the gap amid comments on Greferendum

EUR/USD continued advancing and reached a high of 1.1160 – around the close seen on Friday. With this move, the big Sunday gap is closed. Update: the new high is already 1.1172. In the meantime, we had comments from various European officials. Apart from the own-goal comments from Juncker, we heard a clear message that Sunday’s Greek referendum is basically