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Greek People Have Spoken

Daytrader21 Posted 6 Lug  in #Trader's blog #Risk Aversion #Grexit #Brussels #Yanis Varoufakis #Greece Referendum
With a clear victory of the NO camp we're back on the negotiation table and this time around the pressure for reaching a deal is on the Brussels side after this morning announcement that Greek FM Yanis Varoufakis has step down in order to help the negotiation going further and after Brussels demands that they want him out this puts pressure on Brussels side as now Greece has some leverage to work with and any fail to reach an agreement will be blamed on Brussels.
Expect some volatility in the FX…
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Over the Weekend Exposure

Daytrader21 Posted 26 Giu  in #Trader's blog #Greece #Grexit #Bailout #Brussels
Today was pretty much a hectic day in the forex exchange market and mainly because of the ongoing negotiations between Greece and Brussels. There is no resolution between the two parties and us such this will carry over the weekend an very high level of risk and there is a high probability the markets will gap on Monday opening, and depending on the negotiation status the market can really gap either side.
Tomorrow is a key day as most likely at the end of the EU Summit we'll know where we stand…
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EUR/USD Prolonged Range Trading

Daytrader21 Posted 23 Giu  in #Trader's blog #EUR/USD #Greece #Range #Psychological Number #Brussels
Despite the Greek drama and the ongoing negotiation between Brussels and Greece government, EUR/USD exchange rate have been very stable and we have been trading inside a very frustrating range without any clear direction. It seems the market is not willing to neither resume the bearish trend nor to break higher and have a deeper correction.
Welcome to the summer range trading conditions when usually volatility subside and trading chase away as traders and hedge fund managers are taking a pause d…
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