Market Overview

Traders are asking this question on a daily basis before they place any trade if Greece has become one step more close to leave the euro zone. The answer to that question is yes, with everyday...

Market Drivers for July 07, 2015 Euro tests support at 1.0950 as EG offers no new concessions RBA keeps rates on hold Nikkei 1.31% Europe -0.16% Oil $53/bbl Gold $1166/oz. Europe and AsiaAUD: AIG...

Forex News and EventsIs this light at the end of the tunnel? (by Arnaud Masset) Yesterday, the BCB released its weekly survey. And the report showed that even though analysts raised again their...

U.K. manufacturing production dropped 0.6 percent in May, following a 0.4 percent fall in April. The reading defied analysts’ forecast of seeing a 0.1 percent increase.Industrial production rose...

• Greece: confusion reigns Following the “no” decision in Sunday’s referendum, the confusion and disarray around Greece has only deepened. While Greek PM Tsipras said that a...

A bounce in equity indices is unfolding this morning. With several of the euro group set to meet today, markets are clearly expecting a positive outcome on the Greek debacle Capital controls have been...

Market BriefGreece will walk into the negotiation room today (6 pm CEST in Brussels) knowing that it is its last chance to reach an agreement with its European creditors. Greece has a new finance...

Deal or no deal?Europe is really drinking in the last chance saloon today with another emergency summit of EU leaders to take place this afternoon. Alexis Tsipras was told yesterday by Angela Merkel,...

Market Movers Greece remains the main focus. Eurogroup finance ministers are scheduled to meet at 13:00 CET to prepare for the euro-area leaders' summit scheduled to start at 18:00 CET. Key focus at...

The Australian dollar remains soft after RBA left the cash rate unchanged at historical low of 2.00% as widely expected. The accompanying statement contained little new information. The central bank...

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 a...

As Australia’s export mix continues to narrow, the tag “Banana Republic” has started to make a resurgence. Former Australian Prime Minister, Paul Keating, was the first to coin the...

“Surviving is important. Thriving is elegant.” Maya AngelouWell, it ended up being a perfect week to take off last week and it looks like there will be many more quiet days ahead this...

Sovereign bonds are the senior most assets in the current debt-based financial system.The Western governments at the top of the food chain with the greatest financial, economic, and political clout...