Market Overview

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...

Yesterday, Greece held a referendum: the majority of citizens refused budget cuts in exchange for additional financial aid. This morning the euro, American and European indices opened with a steep...

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...

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...

Market Drivers for July 6, 2015 Greece Votes NO Varoufakis resigns rallying euro on hopes of more constructive talks Nikkei -2.08% Europe -0.62% Oil $55/bbl Gold $1166/oz. Europe and AsiaAUD: ANZ Job...

Many Market participants are clearly not understanding the current situation in Greece and the contagion it can cause. It's not Greece alone, its the real systemic contagion risk and potential...

Markets which seemed priced for a yes were disappointed by the No vote in Greece.The creditors and the Greek government are faced with difficult negotiations. However, there is little time left to...

EUR/USDToday’s support: - 1.0980 (main), where correction is possible. Break would give 1.0955, where correction also may be. Then follows 1.0933. Break of the latter would result in 1.0908. If...

Talking Points: US Dollar Gaps Upward to Start the Week, Hits 1-Month High S&P 500 Declines to the Lowest Since April Amid Greece Woes Gold Treading Water as Crude Oil Drops to Three-Month...

In many ways, it is relatively easy to understand why the result was a No from Greece. There was very little to lose, as a Yes to more austerity hardly was a great choice for a society on the brink of...

RBA DecisionWe do not expect much from tomorrow RBA board’s meeting, as we think that the Reserve bank is pleased with the recent weakness in AUD/USD. Indeed, the Aussie dropped as low as 0.7452...

Market BriefEUR/USD is down 1 figure, EUR/CHF reached 1.0360, stock markets trade into negative territory. There is no doubt Greek people voted “NO” at 61.3% in yesterday’s...

Equity markets have, akin to last week, sold off but the downside is for now somewhat limited. The fact that we saw a bounce in the euro and indices on the back of the Varoufakis resignation suggests...

Daily BriefingCurrencies EUR/USD: The pair is trading above its downward trend line on a 30 minute time frame. The next resistance is at 1.1288 and the support is at 1.0883. USD/JPY: The pair is...