The following Forex news reports are the latest developments of the Forex market. The news reports are updated frequently and include all the events that affect the foreign exchange trading industry.
Market News
Market News
All eyes may be focused on Grexit and the state of the euro, but commodity buyers are looking beyond Greece and the effects of the debt crisis on gold.
This is getting a little gridiculous, but grere you gro. When the question of whether Greece will remain within the Eurozone or exit from the common currency is finally resolved, we can drop a few ‘g’s.
In the wake of Sunday’s NO vote for a new Greek bailout, currency traders flocked to safe haven currencies as uncertainty continued to escalate.
The vote is in and the Nays have won. Greece went to the polls Sunday and overwhelmingly rejected any terms of a rescue package from its creditors.
Official results from today’s voting in the Greek Euro bailout referendum have just been released, very strongly indicating that the final result will be a fairly comfortably win for the “NO” camp.
This should be a more dramatic week for the Forex markets, due mainly to the Greek referendum on the proposed bailout deal that is taking place today. As the result becomes known it could rock the Euro and spill over into turbulence in other financial markets.
Today’s referendum in Greece could have repercussions across the globe. Or it might prove to be a tempest in a tea pot.
Good news may be in store at the pump before the July 4th weekend as oil prices dropped on Friday amid reports that an oversupply of the crude remains on U.S. oil rigs.
A surprise rate cut by Riksbank sent the Swedish Krona nearly 1% lower against its key rival, the common currency Euro.
Tomorrow, Friday, 3rd July, is a major public holiday in the U.S.A. This year, the 4th of July is effectively the 3rd of July, 2015. Find out how this affects Forex trading and when the markets will be closed here.
Now that Greece has missed a repayment worth about 1.5 billion euros ($1.7 billion) that was due on Tuesday to the International Monetary Fund (IMF), all eyes are focused on the future of the euro and its impact in the international arena.
In the wake of Greece’s default on a loan from the IMF, the common currency Euro has remained under broad sell pressure. Though investors were hopeful for a distraction, the latest economic releases failed to provide any material support.
The results of the first opinion poll of Greek voters conducted since the weekend’s dramatic events was released this morning by the Efimerida ton Syntakton newspaper. The survey showed 54% voting “NO” and 33% voting “YES” with the remainder presumably undecided.
With d(default)-day right around the corner, Prime Minister Alex Tsipris believes he hasn’t lost the battle just yet. In a television interview several hours ago, Tsipris suggested that European leaders would not have the nerve to kick his country out of the eurozone membership and that the cost of their doing so would be “enormous.”
We all expected it and it has happened. Greek banks will be keeping their doors shut on Monday for an entire week. Piraeus Bank SA Chief Executive Officer Anthimos Thomopoulos told reporters of his decision Sunday after a meeting of the government’s financial-stability committee.