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: Euro Volatility to Intensify, Equities Pause Collapse

Trading Video: Euro Volatility to Intensify, Equities Pause Collapse

John Kicklighter, Chief Strategist

Talking Points:

• Greeks showed strong support for a 'No' vote to support negotiators in their anti-austerity position

Euro trouble is still palpable as talks are set to continue amid tightened ECB liquidity support

• Chinese authorities offered enough support to pause the stock markets collapse, but will it recover?

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!

The Euro opened with another bearish gap to start the week, and once again it retraced much of the losses. Greece's referendum offered a surprisingly strong mandate to push for more favorable terms in the ongoing negotiations with creditors for the country's future. That doesn't change the tide for the negotiations themselves however. Euro traders recognize this is still a finely balanced issue and a big move can develop either way with limited notice. Meanwhile, the gravity of China's equity plunge was tempered Monday by another wave of support. The result was a volatile but positive Monday performance for the Shanghai Composite and a big intraday swing for the S&P 500. Neither seems to be instilling much confidence though. Risk and Euro setups still carry serious uncertainties; while the Dollar, Pound and Aussie may sport more discrete opportunities. We look at the market's bearings 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