Post Tagged with: "Grexit"

2 Flows To Impact EUR; A 75% Probability To Greece Accepting Bailout; – BNPP

With the recent deterioration in Greece, there is increased talk about the chance of Greece leaving the euro-zone, aka “Grexit”. Mohamed El-Erian, chief economic adviser at Allianz, said the odds stand at 85%. European officials already talk about this in the open.

The team at BNP Paribas sees a higher chance of a more optimistic outcome and explains what moves the common currency:

Read the rest of the article 2 Flows To Impact EUR; A 75% Probability To Greece Accepting Bailout; – BNPP
Varoufakis: Cutting ELA would be a failure of the monetary union and democracy

Varoufakis: Cutting ELA would be a failure of the monetary union and democracy

Greek finance minister gave an interview to BBC4 and provided his view of the situation. He reacted strongly to the prospects of the ECB cutting off the emergency ELA funding. Here are highlights from the interview made earlier today. Update: ECB maintains Greek ELA at €89.4 billion – opts for middle ground Below you can see [&hellip

Report: ECB to end Greek ELA – Grexit chances are rising

Report: ECB to end Greek ELA – Grexit chances are rising

A report is emerging that the European Central Bank will decide to end its Emergency Liquidity Assistance to Greece. This is still awaiting official confirmation and French PM Valls has already said that the ECB cannot cut this lifeline. Update: ECB maintains Greek ELA at €89.4 billion – opts for middle ground The institution led by Mario Draghi [&hellip

Building the US recovery, the strange EUR reaction on Greece and more – MM #56

Building the US recovery, the strange EUR reaction on Greece and more – MM #56

Is the US housing sector doing it right this time? We tackle this critical sector and its implications, move on to Saudis solar. move to the Greek crisis and preview next week’s dense schedule. You are welcome to listen, subscribe and provide feedback. State of the US housing: Recent housing figures have been encouraging and this has [&hellip

Slim chances for Fed rate hike

Slim chances for Fed rate hike

Ahead of the FOMC it’s the turn of the US to release GDP data today which is expected to see the Q1 annualised rate decline from 2.2% to 1.1%. This evidences the drive of GBPUSD’s recent strength and yesterday’s poor US consumer confidence data allowed “cable” to forget the weaker than expected UK GDP data [&hellip

Another deadline for Greece

Another deadline for Greece

The US dollar struggled last week and market participants are increasingly challenging the ability of the greenback to continue the upward trend that it commenced last summer. The dollar index has appreciated over 20% in the past ten months and the recent weakness in US economic data is one of the main reasons for investors [&hellip

EUR: Should We Still Worry About Greece? – Credit Agricole

EUR: Should We Still Worry About Greece? – Credit Agricole

Headlines from Greece accompanied us in recent weeks, but remained on the sidelines. Will they get back to center stage? The team at Credit Agricole examines the situation using some charts: Here is their view, courtesy of eFXnews: The Eurozone data calendar for next week may offer less excitement with only the German industrial production and [&hellip

Dollar volatility rises

Dollar volatility rises

Dollar bulls were squeezed last night as we saw some dramatic moves in FX markets with the dollar plunging after the Fed lowered its inflation and growth forecasts last night. There was every likelihood of there being a spike in volatility during and after the FOMC decision which we warned about yesterday, as well as [&hellip

Grexit risks rise

Grexit risks rise

Currency markets have been placid so far this week, in particular the euro which has been taking the negotiations between Greece and Germany in its stride. It’s been a far cry from a couple of years ago when volatility was much higher during the debt right down agreements, but the risks remain the same of [&hellip

3 things that did NOT happen in 2012

3 things that did NOT happen in 2012

2013 already began with a storm, but let’s see what did not happen in 2012, a year that saw big events, but also the lack of them – a lack of major disasters that resulted in a lack of volatility. Will they happen in 2012? Or will growth replace crises and create volatility driven by positive [&hellip

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