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Technical Forex News

EUR/USD returns to the 1.1100 area

After a spike to the vicinity of 1.1180, EUR/USD has now returned to the 1.1100 neighbourhood. The initial relief rally following the letter submitted by Greek PM A.Tsipras has quickly evaporated, and with it the chances of the pair to clinch once again the 1.1200 handle...

Majors

GBP/USD slumps further, near 1.5650

The pound has found further weakness following the speech by BoE’s Carney, with GBP/USD testing lows...

Currencies

EUR/GBP shoots to 0.7130 on Tsipras bailout

The better tone in the euro is now lifting EUR/GBP to test fresh session highs in the 0.7130 area...

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Fundamental News

Merkel says Greece unilaterally abandoned successful talks

German Chancellor Angela Merkel put the responsibility of the failure of Greek talks entirely on Greece...

Economic Indicators

UK manufacturing activity slows to 26−month low in June

The seasonally adjusted Markit/CIPS Purchasing Manager’s Index (PMI ) fell to a 26-month low of 51.4...

Central Banks

UK relatively well−shielded from Greek crisis exposure – BOE's Carney

Speaking at the a press conference about the Financial Stability Report in London on Wednesday, Bank...

Equities

DAX jumps over 2% on Tsipras bailout

Germany’s benchmark index, the DAX bounced-back sharply, snapping previous declines and rallied higher...

Commodities

Tsipras letter drives German bond yields higher and Greek bond yields lower

The safe haven German bunds fell, pushing the yields higher after the FT reported that a new letter...

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"Politicians do not understand currency"

Armstrong Interview"They keep yelling at Greece: 'You've got to pay!'. But the whole Euro now depends upon countries that can't pay," says Martin Armstrong.
Watch our interview

Brokers News

FXTM announces appointment of new Vice President of Corporate Development

International forex broker ForexTime Limited (FXTM), has announced the appointment of Jameel Ahmad...

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