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  • Editor’s Picks / 10 hours ago

    Greek turmoil sends AUD to six-year lows

    Sydney Morning Herald
    The Australian dollar dropped to new six-year lows on Monday after a decisive "no" vote in the Greek referendum threw the country's future into doubt. Mark Mulligan writes in early Asia-Pacific trade, the local unit was buying 74.78¢, down 2% on the same time on Friday, and its lowest level since May 2009. The sell-off is part of a fresh flight to safe haven assets by investors, who fear Greeks' rejection of fiscal and structural reforms in return for European Union bailout funds could lead to financial chaos and ultimately undermine the Eurozone project.
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  • Article / 13 hours ago

    Greece fall-out: EURUSD totters, AUDUSD heavily hit

    Managing Director / Technical Research Limited
    New Zealand
    Investors brace for turmoil on global markets after the result of Greece's referendum raised the chances the country may leave the Eurozone. Markets are likely to think safety first. Best to avoid the noise and keep to the techncials on days like this.
    Read the article
  • Article / Yesterday at 23:37 GMT

    KVP's Macro Take: Greece heads for the exit gates

    Asia Macro Strategist / Saxo Capital Markets
    KVP's Macro Take: Greece heads for the exit gates
    'Oxi'. Greece has voted overwhelmingly to reject the financial lifeline proffered by Europe, choosing to roll the dice on its future rather than submit to more austerity economics. Meanwhile the AUD seems set to post further lows in the year ahead and as for Chinese equities - despite the correction, we haven't seen the end of highs.
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  • Squawk / Yesterday at 20:01 GMT
    Director / Accumen Management
    United Kingdom
    EURUSD gaps at the open, much in the same way it did last weekend upon the announcement of the Greek referendum and fails to do little after. Sitting at basically the same level it gapped to last week (1.0975/85) with the only exception being a smaller gap (from a Friday close at 1.1110/20).

    Other crosses have had similar reactions, including the USDJPY, which now sits quietly and moderately well supported.

    The standout exception remains the AUDUSD which has taken out fresh multi year lows and trades heavily into 0.7450/60 presently. Chinese news and noise, coupled with softer iron ore and significant tech levels being taken out on Friday have all aided in the rather hasty decline of the Little Battler.
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    goldfinger goldfinger
    Do we revert to 1.11 the fig?
    thewickedwiz thewickedwiz
    Dear Jim Earl, Greece has not regained sovereignty, it has gone bankrupt.
    This should have happened years ago but the politicians have been propping up banks since 2008.
    fxtime fxtime
    goldfinger i targetted the easiest level for my trade eg the low of the final hour outside candle at 1.10620 for my take profit as that was...
  • Squawk / Yesterday at 19:55 GMT
    FX Options Dealer / Saxo Bank
    FX Options - AUDUSD: AUDUSD spot has moved to new lows since 2009 and trading heavy. 1m AUDUSD vols are up from 12.3 on friday to 13.3 now. Interesting to watch if spot can hold below 0.7500.
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