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IronFX
Haroun Kola

Daily Commentary by Marshall Gittler for 25/06/15

Even though Greece and their creditors are not accepting each other’s proposals for extending their bailout the euro firmed slightly. If they don’t come to an agreement by Sunday night, banks have to close on Monday as capital controls will be in place. EU leaders begin their summit and Greece and the UK’s referendum on being in the union. This could impact on the GPB.

IronFX
Haroun Kola

Daily Market Update From IronFx’s Marshall Gittler

The FED’s fund rate expectation is lower but the dollar gained yesterday probably on new dollar long positions now that the Greek debt crisis seems to be solved for now. Commodity prices fell, Canada cut rates and oil prices fell too.

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