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9 Jul 2015
EUR/USD trade disappointed on lack of Greek news - FXStreet.
FXStreet (Guatemala) - EUR/USD trade disappointed on lack of Greek news - FXStreet.
Valeria Bednarik, chief analyst at FXStreet explained that optimism prevailed at the beginning of this Thursday, following news that Greece has formally requested for a third bailout program late Wednesday.
Key Quotes:
"But the day went by and Athens delayed submitting the list of reforms that will grant the country access to additional loans."
"The EUR/USD pair traded as high as 1.1124 at the beginning of the European session, but slipped down to 1.0991 in the American afternoon, as investors' began to get disappointed on the lack of news. In the meantime, German Trade Balance in May came out better-than-expected, with a surplus of €22.8B against €21.0B expected, whilst in the US, weekly unemployment claims disappointed, rising to 297K in the week ending July 3."
Valeria Bednarik, chief analyst at FXStreet explained that optimism prevailed at the beginning of this Thursday, following news that Greece has formally requested for a third bailout program late Wednesday.
Key Quotes:
"But the day went by and Athens delayed submitting the list of reforms that will grant the country access to additional loans."
"The EUR/USD pair traded as high as 1.1124 at the beginning of the European session, but slipped down to 1.0991 in the American afternoon, as investors' began to get disappointed on the lack of news. In the meantime, German Trade Balance in May came out better-than-expected, with a surplus of €22.8B against €21.0B expected, whilst in the US, weekly unemployment claims disappointed, rising to 297K in the week ending July 3."