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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Trading Video: Greece Panic Eases as IMF Payment in Arrears, Risk Still Stalking

Trading Video: Greece Panic Eases as IMF Payment in Arrears, Risk Still Stalking

John Kicklighter, Chief Strategist

Talking Points:

• The panic surrounding Greece and reflected in the Euro's massive gap Monday has eased

• At the turn of the clocks, Greece is in a technical default with the IMF and its bailout has expired

• Sentiment behind Greece may have settled but risk trends are still dangerously positioned

Find out what scheduled event risk can threaten your trades or trigger volatility with the DailyFX Economic Calendar.

The sheer panic surrounding Greece that drove the Euro on a massive bearish gap Monday morning has settled as the week progresses. That stability seems more ironic considering the country has entered technical default on a payment due the IMF (though with a grace period and the understanding that this is a bilateral loan) and its frequently tenuous rescue program expired as we rolled into Wednesday. Despite these issues, there is still room to negotiate and maneuver, which prevents a black-and-white outcome for the troubled country - a variability of scenarios that makes it difficult to speculate with true conviction one way or the other. In the meantime, risk trends may not need Greece as a definitive catalyst to define its bearings. The S&P 500 still looms precariously over its 200-day moving average ready to drag down global equities and Yen-based carry trades with it. On the docket, event risk will bring us back to a theme that has been waylaid by headlines: divergent monetary policy trends. We look at where the focus and volatility is shifting 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.

DISCLOSURES