"Opinion is divided between the following two trains of thought: i) that the market is still optimistic that a negotiated settlement can be reached and Grexit averted. Or, ii) Grexit is no longer seen as particularly disruptive for global markets, at least in the short-term...
JP Morgan provided the strategy and forecasts for EUR after 'No' vote estimating the target to the end of this year as 1.05 for EUR/USD. My view on this situation is the following: EURUSD may drop to 1.0461 by the end of this year (as we see from the chart below): By the way - this 1...
EURUSD: "The market has distanced a long-term overstretch and support at a lower trendline, both likely restricting the maneuverable area below in the short-term timeframe perspective. Should a recent 1.1468 high be taken out...
Deutsche Bank About Before And After The Greek Referendum - strong pressure on the Greek economy irrespective of this weekend's referendum: "A "yes" vote would be significantly more likely to lead to a quicker agreement with the creditors, but not without risks," DB argues...
Greek referendum - its gonna cost around 110 million EUR according to Germany's FAZ (Frankfurter Allgemeine Zeitung). Expect early indications from around 18:00 GMT Sunday afternoon (July 5). On Monday, if the referendum goes ahead, it will be much, much worse by liquidity than it normally is...
Important announcement to Traders Dear Traders, As most of you are already aware, there is a lot of uncertainty being built around a potential “Grexit” following Greece's missed loan repayment of EUR 1.6 billion to the IMF...
"We doubt that sufficient progress may be achieved in the next few days to suspend the referendum. Any negotiation after the referendum is likely to shift to the approval of a third bailout programme, potentially to cover financing needs up to 2016-17...
FED, ECB, Greece: "The Greek Referendum will drive headlines for the near-term. We believe that divergence of monetary policies is a more powerful EUR driver than Greek risks...
"The employment report is likely to show another solid month of job creation in June. As a result, the unemployment rate will likely lower to 5.4% from 5.5%." "Within the components of the establishment survey, we expect private payrolls of 215,000 with the government only adding 5,000...
D1 price is on primary bullish condition with the secondary correction started with 195.86 resistance level. "The British Pound is making cautious downward progress against the Japanese Yen after breaking two-month rising trend support. A daily close below the 23.6% Fibonacci retracement at 190...
'Risk assets and the EUR have been broadly stable in Asian hours regardless of intensifying uncertainty as related to Greece - It appears that market tensions are unlikely to rise more considerably ahead of Sunday’s referendum as a “yes” vote still seems more likely, irrespective of Greek PM Tsip...
This week the scorecard recommends buying SEK, NOK and CHF, and selling NZD, USD and CAD (see suggested weights in portfolio in table below). The recommendation to buy the Scandies and the Swissie derives largely from last week’s dire performance (i.e...
H4 price is located exactly on 200 period SMA line on the chart by previous close H4 bar for now and below 100 period SMA ranging between Fibo resistance level at 1.1277 and 50.0% Fibo support level at 1.1115: The price is ranging between Fibo resistance level at 1.1277 and 50...
"We remain of the view that a solution can be found in order to give Greece access to funds to repay the IMF next Tuesday. The EUR, however, is unlikely to face any material upside in an environment of strongly capped ECB monetary policy expectations...
Non-farm Payrolls is the assessment of the total number of employees recorded in payrolls. This is a very strong indicator that shows the change in employment in the country. The growth of this indicator characterizes the increase in employment and leads to the growth of the dollar...
W1 price was on breakout as a market rally within the primary bearish market condition since the beginning of June this year but the price was stopped by 1.5929 resistance level and by Senkou Span A line. The price is started with secondary ranging market condition between 1.5929 resistance and 1...
"A resolution to Greek debt negotiations may reduce downside risks, but a weak currency is needed to underpin the recovery...If anything, the risks to monetary policy are for additional QE as the current ECB forecasts are based on a full implementation of the existing program," ANZ argues...
'Our expectation is still for a successful outcome from the talks. If this is confirmed over the weekend, we suspect that USD could emerge as the biggest beneficiary and expect it to extend its gains against a broad range of G10 currencies...
