Euro likely to remain buoyant even without any deal tonight
Jun 22, 2015 13:54 pm UTC| Insights & Views
Euro zone finance ministers meet ended just early, without any resolution. Greece has submitted two proposals, one last night and one in todays morning. However both of them remains still a bit far from what could be...
Investors remain bullish over European equities over any other market
Jun 22, 2015 13:15 pm UTC| Insights & Views
According to latest survey by Barclays, investors remain optimistic over European equities the most this year while US and emerging market equities remain out of favor. According to survey by Barclays Inc. which...
Risk -reward favors to buy Euro against pound and Yen
Jun 22, 2015 11:24 am UTC| Insights & Views
European leaders are all gathering in Brussels to resolve the Greek crisis and to reach a deal that would keep Greece from exiting the Euro zone. Euro remains a good buy against major counterparts as a deal could push it...
ECB raises Greek ELA ahead of summit
Jun 22, 2015 10:24 am UTC| Insights & Views
European Central Bank (ECB), which already has record exposure towards Greece as a percentage of GDP raised the exposure further ahead of European emergency summit to resolve the Greek crisis. Greek uncertainty has been...
FOMC’s wait and watch keeps dollar vulnerable
Jun 22, 2015 09:22 am UTC| Insights & Views
US dollar index, which is value of dollar against basket of currencies is rising today. Talks in the market suggests some funds are buying dollar as a contrary opinion against popular expectation of a Greek deal...
Guide to today’s important data and events
Jun 22, 2015 07:11 am UTC| Insights & Views
Not many economic dockets scheduled for today. Focus is on Euro zone summit. Data released so far - Japan - Bank of Japan (BOJ) released its monthly economic survey. Didnt impact Yen much. Upcoming - Greece -...
Currency snapshot (major pairs)
Jun 19, 2015 15:10 pm UTC| Insights & Views
Dollar index trading at 93.13 (+0.14%). Strength meter (today so far) - Euro -0.28%, Franc -0.08%, Yen +0.30%, GBP +0.03% Strength meter (since last week) - Euro +0.71%, Franc +0.56%, Yen +0.54%, GBP +2.10% EUR/USD...
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