Greece is heading for a “massive economic contraction” and is likely to be forced out of the euro zone, according to Mohamed El-Erian, the former chief executive at Pacific Investment Management Co...
Greece’s banks may need an injection of fresh emergency funds to operate Monday as people rushed to pull out money after Prime Minister Alexis Tsipras called a referendum that could decide his country’s fate in the euro...
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...
A report is emerging from EU officials and the Greek press (Kathimerini) that EC president Juncker sent a last minute offer to Greece. . The offer is for a one month extension and will include a commitment to talk about Greece’s debt from October 2015...
The Currency Score analysis is one of the parameters used for the Ranking and Rating list which was published earlier. It is recommended to read the page Currency score explained and Models in practice for a better understanding of the article...
When looking at the Top 10 in the Monthly Ranking and Rating list we can see that for the coming month the following stronger currencies are well represented for going long: GBP(5X) followed by the CHF(3X). The NZD(4X) is the weaker currency followed by the AUD(2X) with the JPY(2X...
Greece will shut its banks Monday to avert a financial collapse after the European Central Bank froze emergency loans to the nation’s lenders...
US Dollar - "Once markets get past the initial shock of the new Greek news, attention will turn to a frequently market-moving US Nonfarm Payrolls Report due Thursday...
USDCAD: Although is seen threatening recovery higher, as long as it trades below the 1.2421 level, we still see risk to the downside. On the upside, resistance is seen at the 1.2400 level followed by the 1.2450 level. Further out, resistance comes in at the 1...
Daily price was on ranging bullish movement with secondary correction: the price was stopped above 1.1129 key support level near 'reversal' Senkou Span A line which the border between primary bullish and the primary bearish on the chart. The price formed descending triangle with 1...
Stocks dropped around the world, while Treasuries and German bunds surged on growing concern that Greece will leave the euro region. Credit risk jumped the most since September 2008, and Chinese shares entered a bear market. The Stoxx Europe 600 Index slid 2.5 percent by 6:57 a.m...
The euro regained ground against the other major currencies on Monday after the Swiss National Bank said it intervened in markets to weaken the franc, following early steep losses driven by fears over the escalating crisis in Greece. EUR/CHF was last at 1.0389, off 0...
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...
The European Central Bank decided to maintain the same level of Emergency Liquidity Assistance at 89.4 billion euros, the same as on Friday. In doing so, it took the middle ground decision between expanding it and totally cutting off the ELA that was reported earlier...
After a huge Sunday gap and lows of 1.0953, EUR/USD has been making its way back up in the European session. After it shattered the 1.1050 level, the pair continued higher and made it to 1.1123 before slipping back to 1.11. While it hasn’t closed the gap, the pair is trading on higher ground...
EUR/USD is shooting back up from the lows that it reached in early Asia. The pair bounced from around 1.10 to 1.1110 but still below 1.1160...
Daily economic digest from Forex.ee Stay informed of the key economic events Monday, June 29th EUR/USD dropped to 1.0954 after dramatic collapse of negotiations between Greece and its creditors over the weekend...
