Greek Crisis

The leaders of the eurozone countries have given Greece until Thursday to come up with new proposals for a deal with creditors. At yesterday’s meeting, they had expected Greece to present a new plan following the No vote in Sunday’s referendum, but the new Greek finance minister had nothing new to offer to help secure […]

Yesterday, the Greek people voted No to the harsh bail-out conditions the creditors want to impose on the country. This morning the markets responded to the referendum: the European and Asian markets have fallen, as has the euro. London’s FTSE 100 (FTSE:UKX) dropped 0.9%, the Paris Cac 40 fell 1.4%, Frankfurt’s Dax 1.6% and Japan’s Nikkei […]

The citizens of Greece, the birthplace of democracy made it abundantly clear that they are unwilling to accept the terms of an extended bailout of their broken economy. It is clear that they are tired of living under austerity measures under which, like most major things financial, cause the greatest suffering to pensioners and the […]

The USD/JPY is currently a market in which short-term traders and scalpers thrive. There have been short-term swings in the market – as the price oscillates between the supply level at 124.00 and the demand level at 122.00. There is a need for a break above the aforementioned supply level or demand level before there […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish Current events in the Eurozone will continue to shape the movement of EURUSD and other EUR pairs this week. Last week, price opened with a gap-down of about 200 pips before an upward bounce of over 300 pips occurred on Monday. On Tuesday, price […]

When I logged on to my computer this morning, the first thing I wanted to see was how, if at all, the Greek debt crisis was resolving, especially considering that I proposed yesterday that I expected that, after all the posturing and political rhetoric, a deal would be struck. When I came to the ADVFN […]

Uncertainty continues as Greece fails to meet IMF loan repayment European markets have remained steady following Greece’s failure to repay a loan to the International Monetary Fund (IMF). The London, Paris and Frankfurt exchanges saw modest rises at the start of morning trading following Tuesday’s 22:00BST passed without an agreement being reached between the Greek […]

The clock struck midnight in Athens and Greece became the first advanced country ever to fail to repay an IMG loan. It is now formally in arrears, having missed the deadline for the payment of €1.6bn. This puts the country even closer to the Grexit, where it leaves the euro. It’s not definite yet – […]

I awoke before sunrise this morning and found a message in my inbox from the BOSS, asking if I would “write a piece about Greece.” I said, of course that I would. After having tended to some business, it is now four hours later and I can see that the entire continent of Europe is […]

Greek Finance Minister, Yanis Varufakis today confirmed to the press that Greece will not pay the 1,600 million euros owed to the International Monetary Fund (IMF), whose term expires at midnight. However, the European Commission (EC), through its president Jean-Claude Juncker, submitted an last-minute offer to the Greek PM, Alexis Tsipras, with three conditions to […]