Trading news

Greek Parliament decision

Last night Greek Parliament approved the austerity measures with 229 members out of 300 seat parliament voted in favor of it. Around 13.000 people gathered to protest in Athens, with police using the teargas in order to disperse them. EURUSD reacted negatively to the event, sliding to six weeks low.

Eurozone Final CPI and Final Core CPI numbers release came matching the expectations to 0.8% and 0.2% correspondingly this morning.

Eurogroup conference call is to hold the major attention this afternoon, as the Eurozone Finance Ministers will discuss the latest developments in Greece. Street violence in the country is of a great concern at the moment, as people condemn the approval of the new bailout package set to release 86 billion euro aid.

The deal however is still needs to be approved by the national parliaments of several European Union’s countries. The German Bundestag is set to vote on the agreement tomorrow.

The afternoon trading session will open with the US weekly Unemployment Claims data which is projected to improve to 284.000 from the previous release of 297.000.

This will be followed by the Philly Fed Manufacturing Index at 3 pm London time. This is the leading indicator of the country’s economic health, as it measures businesses sentiment who are the first to adapt to the changing market conditions. The number is projected to come lower than the exceptional figures of 15.2 released last month.

At the same time the Federal Reserve will be giving second day testimony presented by the Chairwoman Janet Yellen. Yesterday it was noted that the US economic conditions have significantly improved, therefore interest rate will likely to be raised by the end of this year.

This has set US Dollar Index trading higher, which reached 97.44 yesterday and continues on the way up today.

Gold, on the other hand has plummeted and is currently nearing this year’s low of 1142.67, with market analysts agreeing on the strong sell recommendation.

Thursday, 16 Jul, 2015 / 2:28

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news


Stocks falter again, bruised dollar seeks to end losing streak

  Market mood sours again as China crackdowns, mixed earnings and [...]

Posted on Friday, 30 Jul, 2021 / 9:44 under


The resurgence of covid-19 cases, with the rapid spread of the Delta variant [...]

Posted on Thursday, 29 Jul, 2021 / 10:57 under

Eurozone Q2 GDP: The Recession Is Over

Tomorrow we await the official confirmation that Europe has exited the [...]

Posted on Thursday, 29 Jul, 2021 / 10:40 under