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Market Overview

Alexander Green
Why “No” Vote Was A Good Thing
By Alexander Green - Jul 06, 2015

Well, the Greeks voted “No,” yet markets didn’t crash and the world didn’t end. What should we worry about next? I don’t mean to make light of the situation. But ...

Michael Pento
Greece, Puerto Rico: Coming Attractions
By Michael Pento - Jul 06, 2015

Governor Alejandro García Padilla of Puerto Rico said this week he does not think the Commonwealth will be able to pay back the $73 billion in debt owed to bondholders. I find this rare bit of ...

China Markets: Same Pattern As 2007-2008
By DAYTRADE PROFIT - Jul 06, 2015

Shanghai shares closed down nearly six percent Friday, having lost almost 30 percent from the pick on June 15,200 points. China's government relaxing rules on margin trading have failed to arrest the ...

Charles Hugh Smith
Greece's New Money: Many, Not One?
By Charles Hugh Smith - Jul 06, 2015

What we may be witnessing is the first phase of a new era of widespread non-state currencies. It was easy to predict the eventual collapse of the one-currency-fits-all euro: indeed, many analysts ...

Trading Tremors On The Uptick
By Alvexo - Jul 06, 2015

Although today’s news seems to be fixated on the Greek OXI, the real game-changer is located on the other side of the globe, with the specter of growing illiquidity and rising volatility amongst...

Saxo Bank
From The Floor: What Have You Got Europe?
By Saxo Bank - Jul 06, 2015

Tsipras produces a rabbitCredit where credit's due. In the boldest of political gambits, Greek prime minister Alexis Tsipras held his nerve, got his carefully-worded referendum over the line and now ...

The National Bank of Canada
FX Daily Update
By The National Bank of Canada - Jul 06, 2015

A Decisive No Victory in GreeceOur screens are covered in red this morning, following the decisive victory of the NO side in Greece. After the result was made public, Finance Minister Yanis Varoufakis...

Danske Markets
Bearish JPY And GBP Positions Slashed  
By Danske Markets - Jul 06, 2015

The latest IMM data covers the week from 23 June to 30 June 2015 . IMM positioning data released on Friday revealed the change in positioning following the announcement of the Greek referendum (on 27...