Monthly Archives: June 2011

Greek police clashed with protesters outside parliament in the early hours of Thursday ahead of a vote expected to approve a final austerity bill needed to secure international aid and avert a debt default. The government of PM Papandreou, which won a first vote on Wednesday by 155 to 138 votes, expects to pass the […]

– NZD leads rally vs USD, Asian equities up 0.4-1.6% – Greek parliament to vote on implementation law at 2pm London time – Focus on regional Fed surveys ahead of US ISM tomorrow

Commodity/risk currencies outshine EUR-positive impact of Greek Budget vote. Still plenty of event risk ahead, but AUD and CAD can go better if no big hiccups, EURCHF also seen higher.

With the end of QE2, month-end and quarter-end approaching, the selling and break lower in US Treasuries highlighted earlier this week have catalysed a change in behaviour across several assets.

Today’s highlights: ·   EUR/USD: Mini-base secured through 1.4422, but above key “triangle” resistance at 1.4537 needed for a more bullish signal and better recovery

STUART SCOTT : EURO Thoughts – A key short term trend indicator that has become a bit of a favourite   is the 4 vs 12 DMA … We are very close to crossing over in EURUSD which would suggest that a short term bullish trend will ensue .. However my not unsubstantial gut tells […]