Written by Gary
Major indexes closed in the red ahead of the U.S Holiday weekend as investors drove bond prices up in a bet that the Federal Reserve will be in no hurry to raise interest rates as wage growth stalls.
With opinion polls suggesting the vote on Greek austerity may be close, many investors are opting to ride out the storm and stick with their holdings of European stocks.
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International creditors have shut the door on talks with Athens until after Sunday's referendum - which is asking whether the country should accept or reject more austerity.
Infographic Of The Day: How The Historic First Spacewalk Worked
On March 18, 1965, cosmonaut Alexei Leonov became the first person ever exit a space vehicle and take a so-called "spacewalk."
FOREX NEWS by DailyForex
Tomorrow, Friday, 3rd July, is a major public holiday in the U.S.A. This year, the 4th of July is effectively the 3rd of July, 2015. Find out how this affects Forex trading and when the markets will be closed here.
Now that Greece has missed a repayment worth about 1.5 billion euros ($1.7 billion) that was due on Tuesday to the International Monetary Fund (IMF), all eyes are focused on the future of the euro and its impact in the international arena.
In the wake of Greece’s default on a loan from the IMF, the common currency Euro has remained under broad sell pressure. Though investors were hopeful for a distraction, the latest economic releases failed to provide any material support.
The results of the first opinion poll of Greek voters conducted since the weekend’s dramatic events was released this morning by the Efimerida ton Syntakton newspaper. The survey showed 54% voting “NO” and 33% voting “YES” with the remainder presumably undecided.
Opinion polls show that the Greek people want to remain within the Euro. It is probably also true that the Greek government desires to remain within the Euro. Find out what the expert traders at DailyForex.com think about the current Greek crisis here.
02Jul2015 Market Update: Greek Debt Issue Still Weighing Heavily On Investors As Averages Sink Before Holiday Weekend, Today Is Not Going To End In The Green
Currency Trading and Manipulated Markets
Written by Brett Chatz, Intertrader
$5 Trillion a Day with Insider Trading?
The recent punitive measures taken against several multinational banks have drawn attention to price fixing in the currency markets.
Written by Gary
Morning markets opened higher, but immediately began to melt downward to where they are sea-sawing at the lows of the day. Earlier the short term indicators were very bullish but have turned neutral in the face of WTI oil starting to tumble off its morning highs closing in on its key support.
01Jul2015 Market Close: Markets Close Solidly In The Green, Greece Remains In Default, WTI Oil Testi
ECRI's WLI Growth Index which had spent 28 weeks in negative territory - is now in its ninth week in positive territory and again marginally improved this week. ECRI also released its inflation index this week and is reported below.