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  • Editor’s Picks / 10 minutes ago

    No one innocent in Eurozone blame game

    Business Spectator
    Everyone involved has to take their share of the blame for the Greek crisis. The whole idea of uniting vastly different economies under one currency, one interest rate and one exchange was madness. Various Greek centre-left and centre-right governments that overspent, fiddled statistics and found ingenious ways of clandestine borrowing deserve a lot of the blame. But to be fair, Tsipras inherited their mess. And the IMF paid too much attention to Greece and invested way too much money in it. Now that Greece is officially bankrupt, perhaps we might see a solution. How about Greece exiting the Eurozone, devaluing the Drachma, defaulting on its debt and reforming its economy?
    Read article on Business Spectator
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  • Article / 12 hours ago

    Daily Shot: So much for contagion! Team / Saxo Bank
    Daily Shot: So much for contagion!
    Resilience seems the name of the game ahead of Sunday's EU referendum in Greece with most local markets (except Greece, of course) steady or higher. DAX futures have stabilised, peripheral bonds are bid and periphery CDS spreads (again, outside Greece) remain low. Elsewhere, we've got good news from China and in the commodities sphere, grains are flying high.
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  • 12h
    rhodium rhodium
    Wait for a week to see strength of USD.....
  • 14h
    fxtime fxtime
    Agree on the illiquidity issue for the euro.....when volume returns lets hope it isn't a stampede as the move will be swift.
    Martin O'Rourke Martin O'Rourke
    It looks like Greek PM Alexis Tsipras might be about to capitulate on all bailout conditions, but as we've been here before, let's not jump the gun...
    fxtime fxtime
    Should he agree on the does the ECB/IMF find any trust that his political party will do as they say? History has shown that Greece is...
  • Trade view / 18 hours ago
    Short term

    Upbeat US outlook creates USDCHF opportunity

    Managing Director / Technical Research Limited
    New Zealand
    Fortunately for the SNB, conditions have settled down and the pressure is off the EURCHF, at least in the short term. So USDCHF traders will now turn their attention to US data releases on manufacturing and employment.
    Read the Trade View