https://www.youtube.com/watch?v=vN3u236Q6yw Greek banks closed, the stock exchange closed. What can we expect this volatile week?

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EURGBP The pair slid on Thursday to test the support at 0.7145 and we can see that since the double top on 12/6 we’ve had lower highs and lower lows. We could see the pair test the low of 0.7055 from the 27/5 as th indicators all show negative momentum. USDJPY This pair broke lower…

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Marshall Gittler reports that the Greek talks have yet again broke up with no resolution and this leads to a crunch meeting on Saturday where both parties have to come to some kind of agreement before markets open on Monday. If they don’t then the 1.5 billion euros that Greece owes the IMF by Tuesday…

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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…

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The EURJPY gapped higher after hitting support of 159. Currently neutral on this market. The GBPUSD consolidated on Friday and expecting a pullback before resuming the uptrend.

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https://www.youtube.com/watch?v=4aBMJhSHzsc Greece is the word • Greece is the word All eyes will be on Greece today as the deadline for reaching an agreement approaches. Greek PM Tsipras will meet with the leaders of the three international creditors (the EU, the ECB and the IMF) today ahead of a summit meeting of EU leaders. He…

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The EURGPB broke through the 0.72 support (now resistance) and 07145 and now looks to test 0.7115 in this downtrend. The USDJPY fell below 123.20 and this pullback could lead to a resumption of the longer term uptrend.  

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Looking at the GBPUSD which breaks resistence (now support) 1.56. The USDJPY consolidated and a continuation of the uptrend is possible.

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Marshall Gittler discusses the dollar rally in anticipation of the FOMC meeting and a rate hike this September. The Greek situation is going from bad to worse. The IMF say’s there’s no progress in narrowing differences. Germany might refuse to fund the Greeks which could prove catastrophic for the euro and we could see the…

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With me finally managing to open an IB account with IronFx now that they’ve opened up an office in Sandton, Johannesburg South Africa and with them sponsoring Barcelona FC and all that exposure that brings (I’m thinking of fan events around Jozi, watching the matches next season) and me looking for other brokers as partners,…

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