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EURUSD

The “AGreekment” is on

The all-night discussion marathon pulled by the European officials resulted in a new plea for Greece. The measures have been agreed upon and the new legislation has to pass today, with immediate implementation starting tomorrow. Brussels…

Forex Afternoon Wrap – 13/07

Greece and Europe reach an agreement Key Notes: China exports y/y 2.8% vs. 1.0%; imports y/y -6.1% vs. -16.2% Japan industrial production m/m -2.1% vs. -2.1%; industrial production y/y -3.9% vs. -4% previously Japan capacity…

Weekly Forex Wrap Up: July 10, 2015

AUDUSD (0.744): The Australian Dollar managed to strengthen for the week, despite falling close to -0.9%. Economic data for the week saw a mixed but an overall positive numbers. While the RBA left interest rates unchanged and could likely…

Forex Afternoon Wrap – 09/07

Aussie lifted on strong unemployment data. BoE leaves interest rates unchanged Key Notes: Japan Core machinery orders m/m 0.6% vs. -4.8% Japan M2 money stock y/y 3.8% vs. 4% Australia employment change 7.3k vs. -2.1k;…

EURUSD 2015-07-09

EURUSD 1.1045 Higher Volatility with higher uncertainty On short-Term the market is ranging between the levels of 1.08 and 1.13, any penetration of the market of one of those levels would push the market further on the breakout…

Forex Afternoon Wrap – 08/07

Greece given (yet another) deadline until Sunday. Focus on FOMC today Key Notes: BRC Shop price index y/y -1.3% vs. -1.9% Japan currency account 1.64Tn vs. 1.39Tn Japan Bank lending y/y 2.5% vs. 2.6% Japan economy watchers…

The new deadline for Greece: Sunday

Euro zone members have given Greece until the end of the week to come up with a proposal as European Council President Donald Tusk said "tonight I have to say loud and clear that the final deadline ends this week". European leaders aren’t…