Markets are moving their attention from Spain to Greece ahead of the country’s landmark elections this weekend. With two party’s and potentially two outcomes possible, markets are in for some what of a D-Day come Monday. The two scenarios we face can be summed up simply and involve Greek voters either electing the pro-bailout New Democracy party lead by Antonis Samaras or the anti-austerity party Syriza whom market commentators suggest Continue reading
Exchanges rates today are bouncing back on hopes that Greek voters will elect a new pro-reform government in fresh election’s set to be held on June 17th. The Aussie dollar has clawed back ground having reached a low of 0.9689 vs. the dollar, while EUR/USD has found support near 1.2500 and is this morning trading closer to 1.2550. Continue reading
This is the last blog post in my series on foreign exchange jobs, in particular getting a job as a foreign exchange dealer. We began with Preparing A Cover Letter For Foreign Exchange Jobs in which I gave some of my tips about how to customize your cover letter to give you every chance of making it through to the all-important interview process. Following that we went on to Preparing For An Interview For Foreign Exchange Jobs where Continue reading
Exchange rates today are somewhat subdued, with EUR/USD one of the bigger movers over the weekend. EUR/USD fell to 1.2640 before finding support in spades and has since rallied back as high as 1.2790. The situation in Greece continues to see currencies see-saw as traders change their bets on the likelihood of a Eurozone break-up. The Aussie dollar is again under pressure due to these safe-haven flows into the dollar. Continue reading
The exchange rate today appears to have settled into a happy spot with the Aussie steady against the USD just below 0.9900. EUR/USD is a similar story with downside support appearing to be near the 1.2700 mark.
Despite currency markets being able to hold on to ground overnight, the same cannot be said for equities which again got pummelled suggesting traders are still anxious Continue reading
Markets settled somewhat overnight ending the rort which has driven markets to their lowest point of 2012. AUD/USD fell to 0.9870 during U.S trade before finding support with the exchange rate today expected to hover around the low-to-mid 0.99′s. EUR/USD followed much the same path, falling below 1.2700 before buyers saw some value. Continue reading
Negative global news and poor economic data out of Europe have seen the AUD/USD exchange rate today drop below parity and continue the most volatility since the beginning of the year. Greece’s imminent departure from the EURO that begun as a hung parliament could spiral into a full-blown meltdown for the mediterranean nation. Continue reading