Post Tagged with: "greek crisis"
Trading the Greek Vote? AUD/USD Would Be A Better Bet
Is EUR/USD the preferred pair to trade the Greek vote? This depends on the result. The Greek parliament is set to vote on the austerity measures at 12:00 GMT. Tension is mounting towards this critical event for the global economy. A “yes” vote is a precondition for the next tranche of aid from the EU and
EUR/USD June 28 – Losing Some Gains As Tension Mounts
Euro dollar is losing some ground as the tension mounts towards the Greek votes in the parliament. The gains made earlier came on the hope that there is some Grand Plan B for Greece to save the day. European indicators have been mixed. Will we see a break out? We have some US figures ahead.
Greek debt restructuring moves ever closer
The growing consensus yesterday was that European banks were moving towards a partial voluntary restructuring of Greek debt. There are many questions still to be answered, not least how US banks will be involved and how rating’s agencies will view the arrangements with regards to default. This allowed for some partial relief during Monday’s session,
EUR/USD June 27 – Recovering As Private Sector Agrees On Greek Restructuring
Euro dollar is now moving higher ahead of the critical votes in the Greek parliament, that have been postponed. A banking conference in Rome is discussing “volunteering” of the private sector to restructure Greek debt, while some leaders begin playing down the impact of a Greek default. We have a few US indicators to start
Even more risk leaves the table
The combination of Europe’s sovereign debt crisis and growing global recovery concerns has weighed further on risk appetite over recent days. Overnight, the EUR fell to near 1.41, not helped by comments from a Greek deputy who claimed that parts of the austerity package may not pass when Parliament votes over the next couple of
GBP/USD Lost Support – At 5 Month Low
Pound/Dollar fell below the 1.5936 support line which was a bottom on March 28th, and is now at the lowest levels since the end of January. This happens as the forex market begins the new week. The main reason for the fall is fresh fears from the Greek crisis and the implications on Britain. Banks
Greece’s Biggest Creditors Ready For Restructuring
French banks agree to rolling over 70% of Greek debt. This includes the banking giant BNP Paribas. France has the biggest exposure to Greek debt. This “voluntary” action paves the way for a significant private sector “contribution” in the new Greek bailout plan, after the German banks also agreed.The big question is the triggering of
Greek Default: Germany Prepares, UK Fears Mount
Over the weekend, worries about a Greek default have intensified. Germany is getting ready for it, while China pledges to help, once again. Is it real? The implications of a default be far worse than expected, also in the UK. Updates on the news that could weigh heavily on the euro and the pound. Germany
Forex Crunches for the Weekend – June 25
Another week of extreme movements is behind us, with oil falling lower and the euro still rocked by every headline from the Greek crisis. But now that the markets are closed, it’s time to sit back and enjoy some long term forex related articles. Here are my picks. Enjoy! Apart from the ongoing mess in
Bankers & Fools
After a tense week with world markets teetering on the edge of collapse Angela Merkle finally met with her French counterpart Nicholas Sarkozy and they ended the seventh month chill in their once cozy relationship. According to The Independent, they faced a serious impasse regarding bank haircuts in the “déjà vu all over again” Greek financial