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Market Recap – Ramadan ends, USD crashes

Having tested the 98.16$ high on Thursday, USD index is in a free fall for 3 consecutive sessions. As this post is produced the index is testing the low daily Bollinger band. The Ramadan, the holy month of Muslims ends. The central bank of Australia (RBA) cut interest rates to 1.25% as it has been […]

The IMF warned on Thursday that Greece would need an extension…

  Good Morning,   – Euro trade on hold ahead of Greece’s Sunday referendum… – U.S. markets closed on Friday in observance of Independence Day – Asian stocks fell as Chinese stocks extended their plunge. – The IMF warned on Thursday that Greece would need an extension of its European Union loans and a potentially […]

Dollar plumbs one-month lows as market cuts long USD…

  Good Morning,   – Dollar Index (DXY) plumbs one-month lows as market cuts long USD positions. Euros briefly pop above $1.3100 on Monday for the first time since May 9. – Asian shares all in red: Japan’s Nikkei 2.05%, Hong Kong’s Hang Seng 0.15%(07:00 GMT), Korea’s Kospi  0.00%, Australia’s ASX 200 +0.26% and China’s […]