Bewayopa's Trading Ideas

[bewayopa]

For Greeks, the fear is que deja vu Monday will be the return to the past not that distant. Before the euro Replaced the drachma in 2002, the Greeks already Were the European problem, Their currency mostly trapped inside Their nation, where cash was king and checks the novelty.
https://bewayopa.wordpress.com/

 

[bewayopa]

The EUR / USD continued to share the busy and price was around 1.1200, with no defined trend.

 

[bewayopa]

Driven by the uncertainty of the Greek debt crisis, the pair reflects the restricted state of mind of investors before the talks "take it or leave it" that will take place during the end-of-week.

 

[bewayopa]

The attitude of the Greek rulers on the Greek debt seems to be, "too big to care".

 

[bewayopa]

The total debt of Greece amounts to 315 billion euros. The largest creditor is by far the European Financial Stability Facility (EFSF), which holds 44.9% of the total public debt. The second largest share, with 17.5% of the total, is in the hands of private investors in the form of sovereign bonds.

 

[bewayopa]

Last week was marked by a sense of expectation in relation to the Greek issue which resulted in a marked volatility,
as investors react to possible statements, news and rumors.

 

[bewayopa]

The EURUSD continues conditioned by the theme Greece. The Government will not repay the 1600 mn to the IMF regarding the payments scheduled for June.

 

[bewayopa]

The EUR continued its volatile price action after several reports have said that the Greek Prime Minister has accepted the terms offered last Friday to Greece. However, this was rejected by then still be important changes to be made. A compromise is still possible, but it is questionable whether the creditors are willing to negotiate or decided to end the talks, coming after the referendum.

 

[bewayopa]

The EUR traded slightly higher after a moderate improvement in PMI's late June in the service sector France and Italy, while Germany's rate of decline.

 

[bewayopa]

The close of the markets in Europe and the United States today unveiled caution and that all eyes are now focused on the outcome of the referendum in Greece on Sunday.