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
Strategy Video: The Market Is Underpricing the Risk Greece Poses

Strategy Video: The Market Is Underpricing the Risk Greece Poses

John Kicklighter, Chief Strategist

Talking Points:

• Greek headlines this past 72 hours were very unflattering, pushing up the risk threat to the Euro

• News that Sunday's negotiations fell apart and officials looking into capital controls show the risk

• Despite the acknowledgement of the threat that Greece poses, the market is still unprepared

Want to develop a more in-depth knowledge on the market and strategies? Check out the DailyFX Trading Guides we have produced on a range of topics.

EURUSD and other Euro pairs have entered a period of consolidation - not out of comfort but rather from fear. Investors are watching for definitive milestones in the ongoing negotiations between Greece and its creditors over its quickly deteriorating financial position. The headlines that start off this week offered a familiar disappointment on progress. Sunday negotiations on Greek reforms ended after just an hour while the media started started running unconfirmed reports Monday that officials were looking into capital controls and alternative scenarios to a release of funds to the country. Traders clearly do not want to jump on those unsubstantiated reports, but their inherent skepticism creates a situation where the market is left significantly under-pricing the risks that the Euro and Euro-area financial system faces. We give an update on Greece's troubles in today's Strategy 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.