European indices have rebounded strongly on Wednesday on reports that Alexis Tsipras has written to creditors to accept the bailout offer in what would be an incredible U-turn from the Greek Prime Minister. Of course, the acceptance does come with ...

The euro has done surprisingly well against the dollar throughout all of the Greek drama, rallying towards 1.14 on a number of occasions but failing to keep the momentum above here. It’s possible that the Greek debacle has actually acted as a ...

It looks set to be another tense day of negotiations on Thursday after the eurogroup meeting on Wednesday ended with no agreement being reached forcing them to reconvene this morning only hours before the E.U. summit, at which any agreement was ...

Once again, all eyes will be on Greece on Monday and whether it can come to an agreement with its creditors and avoid a default and possible messy exit from the eurozone. Greek Prime Minister Alexis Tsipras put forward new proposals on Sunday which ...

Weakness in the dollar driven by a more dovish FOMC message on Wednesday is offering strong support to Gold today and based on what we’ve seen so far, it may well be a sign of things to come. Gold has been in consolidation over the last couple ...

Greece has been in negotiations with the institutions – European Union, European Central Bank and International Monetary Fund – for four months trying to come to an agreement on a cash-for-reforms deal that will unlock €7.2 billion in ...

I expect to see an element of caution in the markets on Wednesday as investors look towards to latest FOMC interest rate decision and accompanying releases and press conference for insight into when they will raise interest rates. The Federal ...

Cable appeared to be struggling to break through the 1.5550-1.56 resistance level yesterday having failed at the first attempt on decreasing momentum. However, this was never followed by the reversal setup that would have suggested the market had ...

June has been a month of consolidation for cable so far. The pair has found resistance from the top of the descending channel and the 89-period simple moving average on the 4-hour chart, while a number of support levels are combining to create a ...

While Greece will inevitably continue to be the main story in the markets this week, there are plenty of other things that traders should not take their eye off including U.S. retail sales on Thursday, large amounts of key data releases from China ...

In my piece a couple of days ago (GBPUSD – Dollar Regains Control in Cable Battle) I highlighted the 1.5170-1.5220 region as potentially being key after the pair broke through a number of support levels and the dollar asserted its dominance. This ...

U.S. futures are treading water ahead of the open as traders take cover in the run up to what could be a volatile final session before the bank holiday weekend. The Friday before the bank holiday weekend can quite often be a little lighter on ...

Cable in on the rise again today following a strong retail sales figure from the UK and some less than encouraging data from the US. While the data has helped the move gather some momentum, there were already warning signals there that we were going ...

Trading volumes should pick up on Friday as people in Europe return to their desks following yesterday’s bank holiday, although they will probably remain below average as it’s likely many will stay away today and turn it into a long weekend. The ...

European futures are pointing marginally to the downside on Thursday, as investors weigh up the recent raft of economic data as well as moves in bond markets that have really hit sentiment this week. The bond market moves are making investors quite ...

Sterling has been the strongest performing major currency over the last month but after a strong post-election rally, it may begin to be losing a little steam against the dollar. Cable is about to face a huge test of its longer term strength as it ...

Yesterday (EURUSD – Break Lower Looking Increasingly Likely) I noted that despite trading in a range for much of the last month, EURUSD continues to have a slight bearish bias because it: • remained in the descending channel; • had formed a pennant ...

The recent range trading in EURUSD may be nearing a breakout which should provide clarity on whether what we’re seeing is merely a consolidation as part of a continuation of the downtrend, or a temporary bottoming out in the pair before an arguably ...