Where is the euro headed after markets have digested the big NO in the Greferendum and the resignation of Varoufakis? The team at Deutsche Bank analyzes: Here is their view, courtesy of eFXnews: For the second weekend in a row, EUR and risk appetite resilience in the face of Greece has been surprising. So what is … “What Risk Resilience Implies For Grexit & The EUR –”
Month: July 2015
Future Looks Bleak for Australian Dollar
The Australian dollar has started this trading week with a small rally but not before touching the lowest level since May 2009 against its US counterpart. Can the Aussie stand its ground or will it reach new lows? Unfortunately, things do not look good for the Australian currency. The main focus for Forex traders and the biggest negative factor for the currency is the prospects for the Grexit after Greece refused … “Future Looks Bleak for Australian Dollar”
Dollar Has Limited Support from Safe-Haven Demand
The US dollar was not performing as well as one might have expected considering the prevalent safe-haven demand among investors. The possible reason for this may be that today’s economic data from the United States was a bit on the weak side. The seasonally adjusted final reading of the Markit US Services Business Activity Index demonstrated a drop from 56.2 in May to 54.8 in June. The index of the services sector released by the Institute for Supply … “Dollar Has Limited Support from Safe-Haven Demand”
Canadian Dollar Sinks Together with Oil Prices
The Canadian dollar sank today against other major currencies, even the very soft euro, as crude oil prices demonstrated huge losses during Monday’s trading. As it often happens, the Canadian currency followed the moves of crude oil, the country’s major export commodity. This made the loonie perform worse than other currencies associated with risk. In fact, the Canadian dollar underperformed even compared to the euro, which is kinda … “Canadian Dollar Sinks Together with Oil Prices”
Mexican Peso Bounces from Record Low
The Mexican peso rose today after touching the lowest level on the record earlier. Unsurprisingly, the reason for the drop was the risk-aversion sentiment that followed the Greek referendum over the weekend. Many riskier currencies of emerging markets suffered from the negative market sentiment caused by the outcome of the Greek voting. The peso was one of them. The currency followed the euro, bouncing from the earlier drop, but obviously this is not a sign of the currency’s strength. … “Mexican Peso Bounces from Record Low”
Greece Says ‘No’ to Austerity, Euro Opens Sharply Lower
The euro opened sharply lower at the start of this week’s trading as the majority of the Greeks voted against the austerity measures demanded by the international creditors. The currency rose during the trading session but remains below the Friday’s closing level. The overwhelming majority of the Greeks said ‘no’ at the referendum during the weekend, pleasing Greek Prime Minister Alexis Tsipras who was asking them to reject the demands of the European Union and the International Monetary Fund. This outcome … “Greece Says ‘No’ to Austerity, Euro Opens Sharply Lower”
EUR/USD July 2015 Trading US JOLTS Job Openings
US JOLTS Job Openings measures the change in the number of employment openings, excluding the farm industry. A reading which is higher than the market forecast is bullish for the dollar. Here are the details and 5 possible JOLTS outcomes for EUR/USD. Published on Tuesday at 14:00 GMT. Indicator Background Job creation is one of … “EUR/USD July 2015 Trading US JOLTS Job Openings”
EUR/USD Could Easily Catch Traders Wrong-Footed – Credit Agricole
The results of the Greferendum are awaited with high anticipation. But what does it mean for EUR/USD? We have already seen some strange reactions in the world’s most popular pair. Credit Agricole explains: Here is their view, courtesy of eFXnews: As Greece prepares for its historic referendum markets are becoming even more nervous about Greek exit from … “EUR/USD Could Easily Catch Traders Wrong-Footed – Credit Agricole”
Greferendum: Here Is The Best EUR Play To Trade – BNPP
The markets will open to the results of the Greek referendum, aka #Greferendum. How will the euro react? The team at BNP Paribas finds the best trade: Here is their view, courtesy of eFXnews: In its weekly note to clients today, BNP Paribas assess the FX response to this weekend’s Greek referendum, outlining the potential EUR response to … “Greferendum: Here Is The Best EUR Play To Trade – BNPP”
Greek Referendum and what it means – Deutsche Bank &
Greeks will go to the polls and decide on whether or not to accept the creditors’ proposal. Some see it as a vote on the euro or on the drachma and it’s clear that it will affect the political career of the current government. Here are two angles on the story, from Deutsche Bank and Credit Agricole: … “Greek Referendum and what it means – Deutsche Bank &”