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  • Trade view / 1 hour 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
  • Article / 1 hour ago

    NZDUSD to take a hit from today's dairy trade auction

    Managing Director / Technical Research Limited
    New Zealand
    Low commodity prices and interest cuts have undermined the NZDUSD, so forex traders will closely watch today's Global Dairy Trade auction. General business sentiment in New Zealand now being affected by the trend in the NZ dollar. Meanwhile markets are pricing further rate cuts.
    Read the article
  • Editor’s Picks / 3 hours ago

    IMF must react strongly to keep its credibility

    The Conversation
    Greece’s default is a disaster for the IMF. There is no positive spin that can be put on this. Greece’s missed €1.6 billion payment is the largest sum ever missed to the IMF. There are other essential things to know about the Greek default. For instance, the IMF will not allow any country to access its resources while it remains in arrears. It is difficult to see how the IMF could work with the Syriza-led government after this. It does not like countries playing hardball over loans. So expect a severe response. If no quick resolution is found after Greece’s referendum, the IMF must react strongly to preserve its credibility with other debtors.
    Read article on The Conversation
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  • Editor’s Picks / 4 hours ago

    Greek crisis spells opportunity for Moscow, Beijing

    Nikkei Asian Review
    Greece's debt crisis may lead to geopolitical complications as Russia and China seek to gain influence over the strategically positioned country. Russian overtures to Athens are part of a strategy aimed at advancing into the Mediterranean. China also attaches importance to Greece's location. Premier Li Keqiang says China hopes to play a constructive role in helping the Eurozone overcome the current crisis. Beijing is ready to use its wealth to strengthen its influence in Greece. Moscow and Beijing, which have joined hands in opposition to the US and Europe, could work together on the Greece issue as well.
    Read article on Nikkei Asian Review
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  • 13h
    John Shaw John  Shaw
    Ontario will seek creditor protection 5 years or less. No way they can handle the downturn that we are entering. It's suicide. Mad suicide....
    13h
    Michael O'Neill Michael O'Neill
    Hi Clare. Ontario is a province in Canada. Toronto is the capital city.. And.Mr Shaw may be exaggerating, we hope.
  • Calendar event / Yesterday at 14:00 GMT

    US Consumer Confidence Index

    forecast
    actual
    Med Consumer Confidence Index
    97.5
    101.4
    Med Expectation Index
    94.6
    Med Present Situation Index
    111.6
  • Article / Yesterday at 13:00 GMT

    Here's something else to worry about...

    Managing Partner / Spotlight Group
    United Kingdom
    As markets brace for a Greek sovereign default within hours, nerves are on edge as the prospect of a Grexit looms closer. But that's not all we have to worry about. Fresh data from Eurostat reveals that Eurozone CPI barely budged in June. The spectre of deflation rears its ugly head once more.
    Read the article
    16h
    goldfinger goldfinger
    Greece has certainly been a distraction for far too long, and whilst I don't want to be rude about the Greek population in general. How did they...
    15h
    Stephen Pope Stephen Pope
    They believed the myths the Syriza spread during the election. They thought that PASOK and New Democracy had got nowhere so let the left wing have a...
    14h
    goldfinger goldfinger
    Clearly Syriza now understand that behaving like spoilt children doesn't work. I listened to Junker yesterday on CNBC and clearly all and sundry have bent over backwards....