Post Tagged with: "Grexit"

Greece: Either a Grexit or Bailout 3

The situation in Greece is deteriorating quite rapidly. An exit from the euro-zone has high chances. If not, a third bailout program including debt restructuring also for the official sector is on the cards. 

The second bailout program is showing more and more signs of failure, and the current situation isn’t likely to last, whatever government is elected. Here are the signs.

Read the rest of the article Greece: Either a Grexit or Bailout 3
EUR/USD June 1 – Loses Critical Support as Spain Suffers, Before NFP

EUR/USD June 1 – Loses Critical Support as Spain Suffers, Before NFP

Euro USD is dipping below another important support line as Spanish yields remain at dangerous levels and no help is at sight. IMF contingency plans for Spain don’t seem serious enough and fail to reassure markets. In Greece, different polls contradict each other and meanwhile state coffers run low. In the US, a wide array of [&hellip

Greece Already has Plan for Parallel Currency to Euro – Russian Central Banker

Greece Already has Plan for Parallel Currency to Euro – Russian Central Banker

Sergey Shvestov, the vice president of Russia’s Central Bank, said that Greece already has a plan to introduce its own currency, in parallel to to the euro.  He said it with high certainty. Making contingency plans for different options is the right thing to do for anyone, but saying it about Greece and with such a [&hellip

EUR/USD Free Falling to a 22 Month Low

EUR/USD Free Falling to a 22 Month Low

EUR/USD is diving to fresh 21 month lows after the US New Home Sales exceeded expectations. This was just the camel that broke the camel’s back. An earlier dip, following comments regarding a euro exit ended in a short lived recovery. The weekly chart provides the big picture for this dive: We now have the [&hellip

AUD/USD Falls Deeper in Downtrend Channel

AUD/USD Falls Deeper in Downtrend Channel

The Australian dollar is certainly suffering from the fresh US dollar storm. After a temporary escape from the downtrend channel earlier in the week, AUD/USD quickly returned, and is digging deeper in the downtrend channel. The growing prospects of a Greek exit from the euro-zone push the “safe haven” greenback higher across the board. As [&hellip

Canadian Dollar Closer to Year Lows Against US Dollar

Canadian Dollar Closer to Year Lows Against US Dollar

The Canadian dollar isn’t strong enough to weather another US dollar storm. The better-then-expected New Home Sales in the US were a trigger for a stronger dollar across the board. USD/CAD shot above resistance and is now close to the highest levels in the year, recorded in January. The weaker than expected core retail sales [&hellip

EUR/USD May 21- Recovery Reaches Limits

EUR/USD May 21- Recovery Reaches Limits

Euro/dollar continued its recovery from Friday but met resistance and fell back. Polls in Greece show that the elections certainly look like a referendum on the euro membership. In Spain, the talks about a bailout refuse to leave. Is the correction over? Here’s an update on technicals, fundamentals and what’s going on in the markets. EUR/USD [&hellip

EUR/USD May 18 – Getting Closer to the Cliff as Spain Bypasses Greece in Negative Headlines

EUR/USD May 18 – Getting Closer to the Cliff as Spain Bypasses Greece in Negative Headlines

Euro/dollar is gradually drifting towards the year’s low and suffers from unconvincing bounces. In Greece, some polls show a lead for the pro-bailout parties for a change and some of the worries of a bank run are downplayed for now. Nevertheless, Spain is in deeper trouble, with talks about a silent bank run on Bankia combined [&hellip

How to Trade the Greek Euro Exit with EUR/USD

How to Trade the Greek Euro Exit with EUR/USD

Greece is close to leaving the euro-zone in a process that is accelerating rapidly. This rare event, even if highly anticipated, is expected to trigger high volatility and provide trading opportunities.  Here is an explanation about the background, when can it be expected, how markets are likely to react and two ways to trade it [&hellip

Ireland Eyes a Change in Bailout Terms, Following a Potential Spanish Solution

Ireland Eyes a Change in Bailout Terms, Following a Potential Spanish Solution

Spain hasn’t fully taken care of its struggling banking system, but a potential solution is already eyed by Ireland, who got a bailout (austerity included) due to its banks. Ireland, which is marked as a potential victim from the Greek exit of the euro, could demand changes to a bigger domino: Spain. Spain and Ireland [&hellip