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FxPro Currency Check 0730 30.06.2015

FxPro Currency Check 0730 30.06.2015

FxProUpdates

The message beyond FX

The single currency slowly but surely closed the opening gap yesterday. But make no mistake, this does not mean that markets are ambivalent towards the fate of Greece; it’s more the nature of spot FX. Looking elsewhere, such as the FX options market, together with equities, peripheral bond markets (Spain, Italy) and also safe haven assets (e.g. German bonds), all the signs are that the concern remains. Today, Greece is expected not to repay the EUR 1.5bln owed to the IMF. This is not a default, ...

FxProTV

FxPro Currency Check 0730 29.06.2015

FxPro Currency Check 0730 29.06.2015

FxProUpdates

Risk aversion dominates after Greece

The Euro’s opening gap lower at the start of the Asian session is steadily being filled, with around half done so far. At the lows, the euro was 1.9% lower vs. Friday’s closing levels, but currently funds itself around 0.8% weaker vs. the dollar. You can find more on the weekend developments and the implications in our blog (“The single currency is to blame”). The situation is that the Greek financial system is half-frozen, with the stock market closed, together with banks. For the following ...

FxProUpdates

EUR High Volatility Alert 3

FxPro would like to inform you that all accounts are subject to normal trading conditions except our fixed spread accounts that shall be limited to 'close' only until spreads normalise. Kindly note however the above are subject to change and we shall notify you should this be the case.

FxProUpdates

The single currency is to blame

Naturally there is a lot of noise as to who is to blame for all of this. The fact is no-one is to blame but monetary union itself. The events of the past few months and especially twenty four hours have been the ultimate manifestation of the short-comings of the single currency. There is not a financial crisis in history that has not been solved without a combination of debt restructuring, monetary and fiscal easing, together with a currency devaluation. OK, we’ve had two out of three, but the ...

FxProUpdates

EUR High Volatility Alert 2

With Greece's uncertain future in the Eurozone continuing to dominate the headlines, we would like to inform you that we are doing everything in our power to reduce the risk of trading EUR pairs. In order to provide a safeguard against a highly volatile market open, trading on EUR pairs may be subject to increased margin requirements. This depends on the outcome of today's decisive Eurogroup meeting, and how the situation in Greece unfolds over the rest of the weekend. Please be advised that, ...

FxProUpdates

EUR High Volatility Alert

Due to the ongoing uncertainty surrounding a possible Grexit from the Eurozone, we would like to warn you that high volatility on EUR pairs is becoming increasingly likely. All clients should be aware that as we move closer to a possible Grexit, the likelihood of markets opening on Monday with gaps, severe volatility, widened spreads and thin liquidity increases. Indeed, such market conditions are possible even before market close tonight. As a result, we think it prudent to advise you of the ...

FxProTV

FxPro Interview with TipTV – What does the weekend hold for Greece and FXstreet seminar