The Eurogroup will convene for the umpteenth time on Saturday at 15:00 GMT for another “final” run of talks towards the June 30th double deadline. While EUR/USD continues hugging the 1.12 level, this stability and consolidation may not last too long, especially in the case of a non-resolution, which could result in the collapse of the … “Greek crisis: Forex Brokers want to avoid another SNBomb”
Month: June 2015
Get Ready As EUR/USD Begins To Take Center Stage Again
EUR/USD is undergoing consolidation as headlines related to Greece are becoming more confusing. But it’s not only Greece: the pair has bigger drivers, and they could send it in a clear direction. The team at Citi weighs in: Here is their view, courtesy of eFXnews: The two major trends at the start of the year, … “Get Ready As EUR/USD Begins To Take Center Stage Again”
No Bailout for Greece Yet — Euro Vulnerable
With no bailout for Greece yet, the euro moved a bit lower against the Great Britain pound and the Japanese yen, though it was little changed against the US dollar. Hope remains, but deadline is almost at the door. Talks between Greece and its three main creditors — the International Monetary Fund, the European Central Bank and the European Union — yet again ended without a satisfying conclusion. It looks like some … “No Bailout for Greece Yet — Euro Vulnerable”
Dollar Soft After US Data & Greek Talks
The US dollar was flat against the euro and fell against such majors as the Great Britain pound and the Japanese yen during Thursday’s trading. Economic data from the United States was mixed, giving the currency no edge one way or the other. US jobless claims were relatively stable last week, and this can be considered a good sign. Growth of personal income and spending is another positive news. As for the bad … “Dollar Soft After US Data & Greek Talks”
4 Reasons To Stay Long USD/JPY Targeting 128 – Deutsche
Dollar/yen has corrected its big gains and then began some kind of consolidation within a slightly lower range. What’s next for this major pair? The team at Deutsche Bank lists 4 reasons for an upside move to new multi-year highs: Here is their view, courtesy of eFXnews: In a note to clients today, Deutsche Bank advises clients … “4 Reasons To Stay Long USD/JPY Targeting 128 – Deutsche”
Comments of SNB Chief Send Swiss Franc Lower
The Swiss franc slid against the US dollar and the euro today after the comments of the central bank’s chief, who complained about the strength of the currency and said that the central bank may intervene to bring the exchange rate down. Thomas Jordan, Chairman of the Governing Board of the Swiss National Bank, said today the troubles of the global economy and the resulting European debt crisis attracted speculators to the safety of the franc: The current strength of the Swiss franc is a reflection … “Comments of SNB Chief Send Swiss Franc Lower”
Pound Steady vs. Dollar, Lower vs. Yen After Retail Sales Survey
The Great Britain pound was little changed against the US dollar and fell versus the Japanese yen today as data showed that retail sales slowed in the United Kingdom this month. Confederation of British Industry reported that the balance of retail sales was at plus 29 percent in June, down from 51 in May. Economists remain optimistic, though, as summer is the season when sales usually pick up. The sterling held … “Pound Steady vs. Dollar, Lower vs. Yen After Retail Sales Survey”
Protrader comes to India
PFSOFT, which develops the multi-asset platform Protrader comes to India, is entering the large Indian market. The company puts new emphasis on this huge and fast growing country. Here is more from the official press release: Mumbai/Bangalore, June 16, 2015: PFSOFT, one of the world’s leading financial technology providers, has now engaged in India, contributing to … “Protrader comes to India”
Euro Rallies, Remains Under Heavy Pressure From Greek Woes
The euro rallied on Wednesday but was under heavy pressure from concerns about Greece and its debt issues. The country desperately needs to secure a bailout before money runs out, but so far no progress has been made in negotiations. Today, Greek Prime Minister Alexis Tsipras was meeting with Greece’s creditors and then with eurozone finance ministers. Tsipras proposed several reforms to improve the financial … “Euro Rallies, Remains Under Heavy Pressure From Greek Woes”
Greenback Mixed During Wednesday’s Trading
The US dollar was mixed during the Wednesday’s trading session. The currency fell versus the euro, gained on the Great Britain pound and was flat against the Japanese yen. Released today, data showed that US gross domestic product contracted 0.2 percent in the first quarter from the previous three months. The final revision of the report was better than the previous estimate that showed a drop by 0.7 percent. Economists do not … “Greenback Mixed During Wednesday’s Trading”