Good Morning,

- Wall Street flat after leftists win Greek elections

- U.S. stocks were little changed on Monday after a decisive Greek election victory by the leftist Syriza party spurred concern over fresh instability in the euro zone, even as the possibility of Greece leaving the bloc was considered remote. The Syriza party looked set to take on Greece's international lenders, with leader Alexis Tsipras pledging to end five years of austerity and renegotiate Greece's debt agreements.

- US Equity Market Close: Dow +0.03% (17,679); S&P 500 +0.26% (2,058); Nasdaq +0.29% (4,772).

- Pound May Rise as 4Q UK GDP Data Boosts BOE Rate Hike Bets. The preliminary set of fourth-quarter UK GDP figures headlines the economic calendar in European trading hours. The year-on-year economic growth rate is expected to rise to 2.8 percent, the highest since 2007.

-A Greece debt deal can be done with Syriza - it’s tricky, but possible…’ The day after Syriza’s victory in Greece, financial markets are sanguine. The euro wobbled but then recovered. The Greek stock market fell, but not sharply…Germany, Finland, et al are saying no debt will be written off, and one must assume they mean it. But, as Dutch finance minister Jeroen Dijsselbloem tacitly acknowledged on Monday, it is possible to redefine “debt sustainability” without making an actual reduction in the sum of debt to be repaid.’

-NZ dollar hits fresh three-year low ahead of RBNZ.

- S&P downgrades Russia's sovereign credit rating to "junk".

-German Business Confidence Rises as Stimulus Effects Build. German business confidence rose for a third month as falling energy costs and anticipation of more European Central Bank stimulus helped lift optimism about an economic recovery. The Ifo institute’s business climate index, based on a survey of 7,000 executives, advanced to 106.7 in January from 105.5 in December.

-SNB's Danthine: ‘SNB still prepared to intervene on FX market,’ ‘CURRENT LEVEL OF EUR/CHF is NOT JUSTIFIED’, forex market not yet stabilized.

-Japan's Finance Minister, Taro Aso: Best if base wages rises continue in Japan, watching situation in Europe after Greece's election. Also he said, “This year will be a crucial period for abenomics.’’

-CHF weakens as less need for safe haven after Greek election, while RUB collapses on S&P downgrade to junk, talk of more sanctions.

- Today: 1st estimate of UK Q4 GDP, US Durable Goods, US S&P/Case Shiller house price index, US Richmond Fed manufacturing index, US Conference consumer board, FOMC preview.

Have a nice Day !

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Recommended Content


Recommended Content

Editors’ Picks

AUD/USD recovers above 0.6750 after Australian jobs data

AUD/USD recovers above 0.6750 after Australian jobs data

AUD/USD picks up a late bid and recovers above 0.6750 in Asian trading on Thursday, following the release of mixed Australian employment data. The extended post-Fed US Dollar recovery, amid a cautious market mood, could limit the pair's upside ahead of US data. 

AUD/USD News
USD.JPY jumps toward 144.00 on the road to recovery

USD.JPY jumps toward 144.00 on the road to recovery

USD/JPY gains traction and approaches 144.00 in Thursday's Asian session. The uptick of the pair is bolstered by the impressive US Dollar recovery. Investors shift their attention to the US data and the Bank of Japan interest rate decision on Friday. 

USD/JPY News
Gold price remains on the defensive amid the post-FOMC USD recovery from YTD low

Gold price remains on the defensive amid the post-FOMC USD recovery from YTD low

Gold price struggles to lure buyers despite the Fed’s jumbo interest rate cut on Wednesday. A further recovery in the US bond yields underpins the USD and caps the non-yielding metal. Concerns about an economic slowdown, along with geopolitical risks, help limit the downside.

Gold News
Ethereum attempts recovery following first rate cut in four years

Ethereum attempts recovery following first rate cut in four years

Ethereum is trading above $2,330 on Wednesday as the market is recovering following the Federal Reserve's decision to cut interest rates by 50 basis points. Meanwhile, Ethereum exchange-traded funds recorded $15.1 million in outflows.

Read more
Australian Unemployment Rate expected to hold steady at 4.2% in August

Australian Unemployment Rate expected to hold steady at 4.2% in August

The Australian Bureau of Statistics will release the monthly employment report at 1:30 GMT on Thursday. The country is expected to have added 25K new positions in August, while the Unemployment Rate is foreseen to remain steady at 4.2%.

Read more
Moneta Markets review 2024: All you need to know

Moneta Markets review 2024: All you need to know

VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.

Read More

Majors

Cryptocurrencies

Signatures