Intraday Market Thoughts

After the Greek Elections, Latest Premium Insights

by Ashraf Laidi
Jun 18, 2012 5:54

As we mentioned in our Wednesday edition of the Premium Insights, EURUSD surpassed the $1.27 level --There was no market-negative outcome from Greece and markets (FX and equities) are all trading "risk-on" as titled in that piece. The lack of any unfavourable event detracts attention of Central banks of worrying about: 1) delivering "liquidity" solutions (such as currency swaps) and places Greece back onto worrying about securing its 1bn tranche, which was withheld after May's inconclusive elections, and; 2) covering its 3.9 bn interest payment to the ECB due in August. DOES THIS MEAN we extend our RIsk-On Positioning? Find out our latest Premium Insights on EURUSD, AUDUSD, GBPUSD, Gold, & Crude Oil. DIRECT ACCESS TO these trades is found here: NONsubscribers can join here:



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