Preparing for the Market Impact of the Greek Election
The Euro Zone's financial health has steadily deteriorated over the past two years. Throughout this period, policy efforts, guarantees and coordinated support with other global policy authorities have helped to stave off immediate disaster. However, there have been a few critical points where the stability of the Euro itself has toed the precipice. This weekend's Greek election happens to be one of those events. Making this upcoming event risk even more critical, the recent downturn in economic activity and slow but obvious spread of financial stress beyond the Euro Zone's borders has many drawing comparisons to the 2008 crisis. In this video we discuss the market's expectations, the possible outcomes and the scenarios for market reaction to the the election. Regardless of how this event plays out, caution is essential.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.