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GBP/JPY flying

Since ECB lowered refinancing rate to near zero and deposit rate to negative, Euro has been increasingly used as a funding currency. That's a big part of the reason why GBP/JPY has became a better risk barometer than EUR/JPY in the past year or so.
After closing weekend gap, "Geppy" fell some 650 pips on Grexit fears, which at that point seemed almost inevitable, and the sell-off in Chinese stocks. On Thursday, the pair stabilized in line with improved sentiment with regard to Greece and Chinese…
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Coming week will be about the euro

The coming week will probably be all about the Euro
Germany and other Eur countries say that is necessary that a deal with Greece happens soon
The current proposal is rejected by Greece
Rumors are spreading all throughout the Forex world, and traders are anticipating
Eur/Usd shows no intention of moving down,
which indicates that it is waiting to rally on a Greek deal
On the other hand there is the possibility of a Greek exit
because Germany has said that the current proposal must be accepted
Al…
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Stix avatar
Stix 14 June

Thanks. :) :)

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Friday fireworks

As usual it was busy Friday for me and I wasn't able to trade. But looking at the fireworks in the Euro, its perhaps better that way, because you can quickly get caught on the wrong side of the market as headlines are coming in like this. If the Eurozone and Greece reach a deal tonight, Euro could blow right through 1.1450 - 1.1500 resistance. On the other hand, if Greece leaves the Eurozone, the pair could fall quickly, perhaps to even parity and below. Dukascopy has enforced 1:30 leverage on a…
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Olga18375 avatar
Olga18375 21 Feb.

Have a good weekend)

al_dcdemo avatar
al_dcdemo 21 Feb.

Thanks, you too! :)

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