Greek Crisis

EUR/USD: The EUR/USD dropped by 280 pips last week, closing below the resistance line at 1.0850. The next targets for the bears are located around the support lines at 1.0800 and 1.0750. The recalcitrant resistance lines at 1.0950 and 1.0900 were successfully broken by the bears and thus, they might resist any rally attempts this […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD dropped by 280 pips last week, going below the resistance lines at 1.0950 and 1.0900. The resistance line at 1.0900 (and of course the resistance line at 1.0900) was an adamant obstacle to bears’ interest. Now that the obstacle has been overcome, the […]

Some observers have already over-reported that the Iran “deal” will be driving the price of oil down as the first apparent reaction of oil prices was a 2% decline in brent crude to $56.67 per barrel this morning. As I have said repeatedly in this column, cause and effect are not necessarily closely related in […]

China and its apparent economic downturn could in fact simply be a ploy. Find out why below.   China has always been a secretive government and yet we hear from them that their economy is struggling and we believe this openly. China has been buying gold at a record rate and has always kept the […]

EU Chairman Donald Tusk says that the eurozone leaders have come to an agreement for a third bailout for Greece. He says the leaders have agreed “in principle” after marathon 17-hour meeting, “which in other words means continued support for Greece.” European Commision head Jean-Claude Juncker stated, “There will not be a Grexit.” He also […]

Last week, the EUR/JPY tested the demand zone at 133.50 several times, but it was unable to break it to the downside. From that demand zone, the price skyrocketed by 350 pips, closing around the supply zone at 137.00. Further bullish movement towards the supply zone at 138.00 would result in clean Bullish Confirmation Pattern […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair trended downwards in the first few days of last week, challenging the support line at 1.0950. From that support line, price went upwards by 250 pips, reaching the resistance line at 1.1200. The upward movement has been a threat to the existing […]

The markets breathed a sigh of relief this morning after Greek PM Alexis Tsipras met the deadline to present his proposals for debt relief to the eurozone financial leaders. The FTSE100 opened up 72.84 points, as the possibility of a Grexit receded. Recovery of the Chinese markets also helped the FTSE to rise. The euro […]

With Greece close to submitting its final deal, can you afford not to read this article? Greece is at a cross roads, as is the EU. So many choices and yet none will fully benefit either party. Greece is on its knees and has very little options to regain any functioning cash flow, if Greece […]

Apparently, EURUSD gave a good oportunity during this week to look for short trades, after the “NO” Greek referendum victory the last sunday. In a technical view, EURUSD reached the 200 SMA at H1 chart, which is offering dynamic resistance at this stage. However, we could expect more bullish moves towards the resistance zone of […]