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I took only 1 trade today, Euro short. I used the EUR/HKD and exited at a small gain, close to breakeven. I can't tell you the exact prices because some parts of the Dukascopy community don't work atm.
Tonight we have the RBA meeting at 12:30 PM EST, 6:30 AM CET for us Europeans. While the Bank is expected to keep rates on hold, surprises are possible. I'm biased to the short side in this pair. On Tuesday we will have another round of meetings between Eurogroup members. Greece is supposed to send their new proposal before the meeting so the parties can evaluate it. The meeting comes after the referendum on Sunday rejected the latest bailout offer by the creditors.
The ''NO'' vote got a cool reception by Eurozone countries, especially Germany. Fitch came out with their own assessment of the situation, saying a deal before July 20th is unlikely. This is the date when Greece has a payment due to the ECB. If the payment is missed, the central bank may have no choice but to ''pull the plug'' on the Greek banking sector. Greece missed an IMF payment last month.
Tonight we have the RBA meeting at 12:30 PM EST, 6:30 AM CET for us Europeans. While the Bank is expected to keep rates on hold, surprises are possible. I'm biased to the short side in this pair. On Tuesday we will have another round of meetings between Eurogroup members. Greece is supposed to send their new proposal before the meeting so the parties can evaluate it. The meeting comes after the referendum on Sunday rejected the latest bailout offer by the creditors.
The ''NO'' vote got a cool reception by Eurozone countries, especially Germany. Fitch came out with their own assessment of the situation, saying a deal before July 20th is unlikely. This is the date when Greece has a payment due to the ECB. If the payment is missed, the central bank may have no choice but to ''pull the plug'' on the Greek banking sector. Greece missed an IMF payment last month.
