19 years in trading
Returning home on Saturday night, Tsipras went on television to declare a referendum on EU bailout proposal from creditors, set for July 05. Today, the Greek parliament with 151 votes easily gives green light to the same. Greeks are due to vote on whether to accept or reject the latest terms offered by creditors to Athens, in order to unlock billions
Read moreAcording to the BBC, Greece’s economy minister Giorgos Stathakis have said that he believes Greece’s new proposal is acceptable and that there is basis for the formal agreement with Athens to complete the current bailout programme and release €7.2bn of vital funds. EUR/USD is shy with 1.1407 high for now, but it looks like that 1.1460 could be attacked!? EUR/AUD is looking
Read moreI was in the market with the crisis in Ireland, Spain, Portugal, Italy, Greece before, (it’s always Greece)… Well, it’s not easy to trade in the times like that, I’ve been there and try that for several times. All debt criss, deal or not, day by day, week by week, etc. The market is to nervous and the traders don’t know
Read moreFrau Merkel try to brake the euro today, but the european curency wan’t give up and it celebrates possible Greece exit from the EU!? 1.1150 stoped the fall today, (H4/MA200) and the pair rebounded stongly up, reached 1.1240 high for now, but it seams that this is not all we could see today. Down trendline is holding, but who know for
Read moreGreece is in focus again, let’s see how the debt looks like in numbers by its creditors. Greek government debt stands at 323 billion euros, over 175% of the country’s GDP. About 246 billion euros was lent by other countries in the eurozone, the European Central Bank and the International Monetary Fund. But, which country has most exposure? As you can see,
Read moreThere is some rumors that some of Greek banks have run out of cash? Sure, euro droped quickly back and there is a question about technical levels now if that rumour is true. Gold jump quickly for $8 to 1217. Greek saga countinues to move the market! I don’t know is that true or not, but I don’t like to trade/analyse until rumors
Read moreAcording to Bloomberg, Germany rejected Greece’s request for an extension of its aid program, saying its offer doesn’t meet the euro region’s conditions for continuing aid. The Greek government is trying to agree bridge-financing without meeting the conditions of its existing rescue program, German Finance Ministry Spokesman Martin Jaeger said in an e-mailed statement. European Commission Spokesman Margaritis Schinas moments
Read moreAs we wait for the news from the Eurogroup meeting, market didn’t move for hole day, but it seams that euro is loosing ground slowly. Is that an indicator that deal is not near and that we could see a risk on trading at the end of the day? Maybe, but on my oppinion, best choice is to stay a
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