Forex News
Economic briefing: Greece – the next poker rounds
The negotiations about a new aid programme for Greece are entering the crucial phase. We have listed below the most important dates that could move the financial markets.
Americas FX Daily – Markets look with concern to Tuesday’s vote
Markets look with concern to Tuesday’s vote What happened overnight – Eurogroup ministers delay €12bn loan disbursement to Greece – Japan trade balance falls further in deficit territory – Hungary Monetary Council likely to keep rates on hold at 6.00% today – US FOMC and Bernanke are unlikely to signal new policy measures
Daily Forex Outlook: It’s a prisoners’ dilemma
EUR USD (1.4245) Eurozone finance ministers announced early this morning that they will endorse a voluntary rollover of Greek debt by private bondholders, effectively rejecting Germany’s suggestion to arrange a swap deal.
Daily Currency Briefing: Couldn’t they or didn’t they want to?
G10 Currencies EUR-USD: It finally arrived at 2.00 am (CET): the statement published by the European Finance Ministers relating to their meeting in Luxembourg (which started a day earlier). Those who had thought that following the approaches between Angela Merkel and Nicolas Sarkozy on the involvement of private bond holders everything would be quite quick […]
European Sunrise – Defining moments for Greece
Following the general Merkel-Sarkozy agreement on Friday, the Eurogroup delayed the decision about details on the new bailout package for Greece until early July. This shifts the focus back to the political developments in Greece, in particular the no-confidence vote in the parliament tomorrow.
UniCredit EEMEA Daily
News CZ: Negative – Nationwide public transport strike (p2) PL: Dovish – May Wages growth decelerates to 4 % yoy (p2) TK: Neutral – May Consumer Confidence Index weakens 0.6% (p2)
Daily Currency Briefing: High stakes poker
G10 Currencies EUR-USD: The sell-out in EUR-USD which started yesterday morning did not continue nor did we see a stronger recovery. In the end this reflects the protracted stalemate in connection with the aid package for Greece.
Greece decisions, positives for Spain
Germany and France meet in Berlin, remember Deauville? Following discussions on how to break the impasse over private sector involvement, there will be a press conference at 11:45CET.
European Sunrise – A German-French tranquilizer?
Eurozone rates markets are still in safe-haven mode, with Bunds bull-steepening, spreads vs. Bunds widening and break-evens declining. Given the politics-driven market environment, today’s meeting between German Chancellor Merkel and French President Sarkozy will be in the spotlight.
What FX flows have gone thru here today
Med term CTA / system base, as well as macro , has been active today. Sporadic Real Roney flows (see PHP below) , but this is generally the case in times like this….Macro and CTA base , with RM guys [generally] following. Interesting to see if we get this ‘follow thru’ from them.
FX DAILY STRATEGIST: Europe – 16 June 2011
USD is king as risk-off mode takes hold Uncertainty over Greece will continue to steer EURUSD, we still like EURUSD gamma – but it’s no longer cheap SNB meeting to be eyed for comments on CHF strength
Daily Currency Briefing: Can Greece still be saved?
G10 Currencies EUR: The euro’s small recovery seen on the Asian markets came to an abrupt end this morning. EUR-USD collapsed from levels close to 1.42 to 1.4091. Hardly surprising.