Published at 05:28 (GMT) 19 Jan
Kathimerini: Syriza leader Alexis Tsipras has seized on comments by Irish Finance Minister Michael Noonan as evidence that not just "progressive economists and the European Left" are coming round to his party's argument that EU needs to hold a meeting to discuss how to reduce the debt of some of its members, including Greece.
"In all of Europe, only Mr Samaras called this nonsene," wrote Tsipras in Sunday's Kathimerini. Irish Times reported on Noonan told Irish ambassadors and civil servants he "would not be dismissive" of a European debt conference being held as long as the issue of Irish, Spanish and Portuguese debt could be discussed.
WSJ: A survey published Sunday in newspaper To Vima shows antiausterity party Syriza's lead over the ruling New Democracy widening slightly to 3.1% from 2.5% a week earlier—the first time it has widened its lead since November.
On FX, focus on this Sunday's Jan 25 Greek general elections. With Syriza leading in polls. Good to watch closely, given concerns over Grexit, renegotiation of bailout terms. With the election just 3 days after key ECB Jan 22 meeting.
EUR/USD at 1.1553-55, interest to sell on rallies to 1.16, after the it dipped to 11-year lows of 1.1460 on Friday. Lowest level since Nov 11 2003 1.1443. Bids at 1.15 lows, stops below.
EUR/JPY at 135,30-35, offers at 135.50/135.80-00. Eye 3-month lows of 134.80-85 seen on Friday, lowest since Oct 16 2014 134.09. Support now at 135.00, stops below 134.80. Offers 135.80-00. Cross/JPY weighed by fall in China stocks, levels seen around -6.1%. WL
Recommended Content
Editors’ Picks
AUD/USD holds above 0.6500 in thin trading
The Australian Dollar managed to recover ground against its American rival after AUD/USD fell to 0.6484. The upbeat tone of Wall Street underpinned the Aussie despite broad US Dollar strength and tepid Australian data.
EUR/USD comfortable below 1.0800 lower lows at sight
The EUR/USD pair lost ground on Thursday and settled near a fresh March low of 1.0774. Strong US data and hawkish Fed speakers comments lead the way ahead of the release of the US PCE Price Index on Friday.
Gold price finishes Thursday’s session set to reach new all-time highs
Gold price rallied during the North American session on Thursday and hit a new all-time high of $2,225 in the mid-North American session. Precious metal prices are trending higher even though US Treasury yields are advancing, underpinning the Greenback.
Bitcoin price extends retreat from $69K as old whales shift their holdings to new whales
Bitcoin price continues to move further away from the $69,000 threshold, gaining ground as BTC bulls hope for a retest of the $73,777 peak. This is because of the general assumption that clearing this blockade would set the tone for a reach higher, marking a new all-time high.
Bears have been standing before a steamroller so far this year
Despite a pushback on rate cuts from Christopher Waller, and what was supposed to be cautious trading sentiment ahead of critical US inflation data released later on Friday, the S&P 500 rose on Thursday, marking its best first-quarter performance in five years.