https://www.youtube.com/watch?v=GWqf-_Sl690
The Aussie dollar was the best performing G10 currency yesterday but with the Chinese manufacturing PMI coming in lower, the rally is probably over.
Greece defaulted on its IMF payment and while banks remain closed, a last ditch attempt by their prime minister to secure funding was refused. It all hinges on their referendum on Sunday now with the result finely balanced.
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Marshall Gittler's Views On Greece's Referendum Results
Commodity and Emerging market currencies including the South African rand are under pressure.
Daily Commentary 12/08/2015 With Marshall Gittler
With the Chinese economy faltering investors were hoping for a Chinese fiscal stimulus package but the country devalued it’s currency instead.
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…
Daily Commentary in the Currency Markets 2/7/15
No change to the Greek situation though Prime Minister did say that he was willing to accept most (but not all) of the Troika’s conditions for another…
Daily Global Commentary by Marshall Gittler 1 September 2015
The rebound in oil is because OPEC is willing to talk to non OPEC countries to limit production. Price is likely to fall further. China’s manufacturin…
Greece votes "NO" Marshall Gittler Live on Bloomberg 06.07.2015
Loads of volatility expected in the markets now that Greece votes “Oxi” in the referendum on Sunday.
