Eurodollar started the week lower than it closed on Friday, as there are worries about the Greek deal, among other signs. Update on everything that happened in a very busy weekend – things that are now weighing on the pair. In Luxembourg There is a report by Der Spiegel that the compromises made by Germany on Friday at the Sarkozy-Merkel summit regarding accepting only “voluntary” private sector participation are history: A German compromise plan to resolve a dispute with the European Central Bank over the Greek rescue that was reported by Der Spiegel magazine is no longer on the table, a government source said Sunday. The second emergency meeting that is still going on late on Sunday is finding it hard to reach an agreement on Greece. Perhaps only half of the upcoming trance will be approved. In Athens This joins the announcement that the Greek prime minister made in Athens, about a referendum for reforms in the autumn, when Greece is expected to receive the next tranche of aid: Papandreou isn’t certain that he’ll pass the vote of confidence on Tuesday: Demonstrations don’t stop in Athens and this has an impact on some members of parliament. This move shows his uncertainty. Protests continue in Athens, right in front of the parliament that will have a vote of confidence on Tuesday. The Greek bank run now continues. In Britain And this joins the talk that British banks are abandoning the euro zone: Senior sources have revealed that leading banks, including Barclays and Standard Chartered, have radically reduced the amount of unsecured lending they are prepared to make available to eurozone banks, raising the prospect of a new credit crunch for the European banking system. Heavy strikes are planned in Britain for June 30th. In Spain Public debt has reached a 13 year high. The Spanish banks are heavily relying on the ECB, especially now, in May. Over a quarter of a million took to the streets on Sunday, opposing the austerity measures. In Forex The Euro opens lower, now at 1.4275 in thin and early trade. The moves can accelerate when Tokyo and London open. For more about EUR/USD, see the euro to dollar forecast. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next EUR/USD June 20 – Losing Ground On EU Failure on Yohay Elam 12 years Eurodollar started the week lower than it closed on Friday, as there are worries about the Greek deal, among other signs. Update on everything that happened in a very busy weekend - things that are now weighing on the pair. In Luxembourg There is a report by Der Spiegel that the compromises made by Germany on Friday at the Sarkozy-Merkel summit regarding accepting only "voluntary" private sector participation are history: A German compromise plan to resolve a dispute with the European Central Bank over the Greek rescue that was reported by Der Spiegel magazine is no longer on the table,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.