“If the news on Greece is bad in coming days, I think you can see the euro go through $1.10 and then down to $1.05,” said Chris Gothard, head of FX at Brown Brothers Harriman in Europe...
Analytics & Forecasts
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30 June 2015, 14:32 #EUR/USD
Analysts at Citi Research expect a stronger U.S. dollar to push gold into a lower trading range in the second half of the year...
Metals
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30 June 2015, 13:41 #metals, Fed, gold
On Tuesday the greenback was stronger as markets prepared for Greece's almost unavoidable default on its IMF payment due today, June 30. However, Greece is now said to be in touch with its creditors in respect of a possible deal, however, no real movement has been seen so far...
Currency
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30 June 2015, 13:11 #CPI, ECB, forex news
On Tuesday the pound was almost unchanged against the U.S. dollar, after reports showed that Britain's economic growth was revised up, while U.K. account deficit appeared to be wider than economists had estimated...
Currency
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30 June 2015, 11:53 #GBP/USD, forex news
“Initially there would be a massive selloff, something in the region of 30 to 40 percent depreciation against the dollar,” says Neil Jones, head of hedge-fund sales at Mizuho Bank Ltd. in London. “We will get fresh all-time lows” for the drachma, he thinks...
Currency
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30 June 2015, 11:09
Almost all institutions expressed their position on if it would be a default if Greece misses its $1.7 billion payment to the International Monetary Fund on Tuesday, except for one key player. On Monday its spokesman declined to comment on what stance the institution would take...
Events
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30 June 2015, 10:24 #Troika, Mario Draghi, ECB
On Tuesday the euro was weaker in Asia, as financial markets prepared for Greek debt default. The outcome of the referendum due on July 5 is the main focus now with Greece's Tsipras hinting at resigning in case citizens vote 'Yes'...
Currency
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30 June 2015, 09:05 #Troika, usd/jpy, forex news
The starting week will bring more worries in the market, as Greece and its creditors failed to break down the impasse...
Events
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29 June 2015, 16:53 #economic calendar, IMF
On Monday a U.S.-listed exchange-traded fund that tracks 20 publicly traded Greek companies plunged in morning trade, as traders headed for the exits with Greece nearing default...
Market News
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29 June 2015, 16:16 #Wall Street, Dow Jones
Turmoil in Europe lent support to gold Monday, as the European Central Bank’s decided to limit funds to Greek banks on Sunday, after the country's authorities said it would hold a referendum on whether to accept the terms of international creditors as it vies for fresh rescue funds...
Metals
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29 June 2015, 15:23 #comex, silver, gold