Euro Slides with No Resolution as Greece Rejected Bailout Offer

Key Highlights Euro fell and opened this week with a gap lower against most major currencies, including the US Dollar. According to reports, Greeks rejected the bailout offer with 'No' vote surpassing the 61 percent figure. In Australia, the ANZ job advertisements released by the Australia and New Zealand Banking Group Limited (ANZ) registered an increase of 1.3% in Jun...
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Can GOLD Gain Traction despite Greece Exit Fears?

Key Highlights GOLD continued to fall this week and followed a nice downtrend despite Greece exit fears. HSBC China Services PMI™, released by Markit Economics posted a decline from the last reading of 53.5 to 51.8 in June 2015. In Australia, the Retail Sales released by the Australian Bureau of Statistics registered an increase of 0.3% in May 2015, compared with the ...
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USDJPY 123.00-20 Is a Significant Resistance by Greece Exit

Key Highlights Japanese Yen gained bids this week due to the potential Greece exit, and most yen pairs opened the week with a gap lower. USDJPY pair managed to break an important bearish trend line, but facing a major resistance around 123.00-20. Japanese Tankan Large Manufacturing Index released by the Bank of Japan came in at 15 in Q2, up from the last reading of 12. ...
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GBPUSD Poised for Declines Unless Greece Stays in Euro Zone

Key Highlights British Pound after surging higher declined, and looks set for more losses in the near term. UK Gross Domestic Product released by the National Statistics registered an increase of 0.4% in the first quarter of 2015, compared to the preceding quarter. UK Index of Services registered a gain of 0.5% whereas the forecast was 0.4%. UK Total Business Investme...
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EUR Nosedived On Uncertainties over Greece’s Future in Euro

Key Highlights There was a major even this weekend in Greece, as the Greek government rejected Euro group proposal, which ignited a downside pressure on the Euro. Euro tumbled against a basket of currencies, including the US Dollar, Swiss Franc and the British Pound. There are gaps for almost each Euro pair, which says all about the amount of pressure on the shared curr...
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EURUSD Rockets High on Greek Deal Hopes Ahead of ECB Meeting

Key Highlights Euro surged higher Intraday against the US Dollar, rallying some 250 pips from its low. Greek PM Alexis Tsipras mentioned that they presented a realistic plan for an agreement, which kind of increased hope of a Greek deal. EURUSD rocketed higher to trade near 1.1200 and awaits ECB meeting for further action. EURUSD – Technical Analysis The Euro pe...
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