Greece’s Finance Minister: the referendum would not be held. Asian and European trading sessions: Euro: During the Asian trading session the euro fell by 0.8% from the three-week low against the dollar. Today’s ECB meeting was in...
The beginning of the month is typically highlighted by the release of the non-farm payrolls report though market participants are focused on the events in Europe. Yesterday ECB President Mario Draghi offered some relief with a surprise...
AUD/USD had a strong day on Thursday as traders celebrated the cancelling of the Greek referendum. The risk trade came back, and as always – the Aussie benefits. The 1.05 level above is still a massive resistance...
Even with an interest rate cut, the EUR/USD managed to rise at the end of the session. With the Greeks and their teenage-like drama unfolding, the markets are being held hostage by a completely dysfunctional government at...
GBP/USD moved higher and above the 1.60 level during the Thursday session as the risk trade came back on. The Greeks have dropped their referendum ideas, and this was accepted as a good sign.
The USD/CAD pair fell on Thursday as oil managed to climb by the end of the session. The parity level still holds as support, and the market couldn’t break through. This area is where we need to...
The USD/CHF pair fell during the Thursday session, as the USD got sold off against the Euro. The Greeks have called off their referendum, and as such – the market treats the news as good news, but...
The USD/JPY hasn’t moved much over the last three sessions as the Bank of Japan has recently intervened. However, these unilateral interventions tend to fail, and we feel that a slow grind south is the most likely...
Unfavorable market conditions may delay the bond issue. Asian and European trading sessions: Euro: During the Asian and European trading sessions, the euro showed correction after yesterday’s decline against the US dollar, setting his daily high at...
The USD/CAD pair fell a little during the Wednesday session as the massive move got pulled back from the Tuesday rally. The parity level still serves as a pivot of sorts, and we only trade in the...
