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 in term of negotiation and either or not Greece will be forced to default and most likely next phase to exit the EU zone. A last minute deal is also not out of the question and maybe both parts will compromise on the deal and shake hands, however if you take in consideration how things have unfolded so far, it's quite hard to read what is in their heads because the negotiation have been quite hectic.

Behind the close doors it seems that they are having quite a good time(see Figure) so I guess we should not dramatize things more than they are

I for once will carry no exposure over the weekend, just in case the market will experience another black swan event it's best to stay out rather than be in and wishing to be out. Playing it safe is the number 1 rule in capital preservation.

Wish you all a great weekend.

Best Regards,
Daytrader21
Übersetzen in Englische Sprache Zeige Original

Da Sie nicht eingeloggt sind, kennen wir Ihre gesprochene Sprache nicht, nehmen jedoch an es ist Englische Sprache
Bitte loggen Sie sich ein oder wählen Sie eine andere zu übersetzende Sprache aus der Liste.

– oder –