Skip to content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Greece Stand Off Enters Final Days, Seek More Productive Options Than Euro

Greece Stand Off Enters Final Days, Seek More Productive Options Than Euro

John Kicklighter, Chief Strategist

Talking Points:

• The ultimate resolution to Greece's financial impasse can generate major Euro swings - bullish or bearish

• However, in the negotiation phase, the Euro will struggle for clear direction and momentum

• There are more productive options arising in GBP and NZD pairs, while USD and JPY may soon join the fray

Sign up for a free trial of DailyFX-Plus to have access to Trading Q&A's, educational webinars, updated speculative positioning measures, trading signals and much more!

When Greece and its creditors choose either default or debt forgiveness, the response from the Euro can be dramatic. Trading potential on such a provocative fundamental development will be substantial and certainly something we plan for ahead of time. That said, in the messy period of negotiating preceding this clear outcome, the currency is going to be erratic and difficult trading. Patience is warranted, but that doesn't mean we have to sit staring with bated breath. There are developing technical and fundamental themes in other corners of the market. The unencumbered/lesser-encumbered currencies mentioned yesterday are starting to show progress. I've taken a short on GBPNZD and watching developments on other Pound and Kiwi crosses (particularly AUDNZD and NZDJPY). Meanwhile, high-profile and loaded-potential players in the US Dollar and Japanese Yen are a push away (data or sentiment) from major trend developments. We look at the big setups and the active movers in today's Trading Video.

Sign up for John’s email distribution list, here.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.