01Jul2015 Market Close: Markets Close Solidly In The Green, Greece Remains In Default, WTI Oil Testing Key Support


Written by Gary

The SP500 closed up and above the 145 DMA, but showing signs of weakness that may send it down to test support again (2057), but probably more sideways and sea-sawing as news emanates out of Greece and the EU.

WTI oil dropped to a key support (mid 56) and is resting while the U.S. dollar has risen to the mid 69's.

The markets closed up nicely, mostly on manipulation and positive news (read rumors) from Greece, but not much will really known until this Sunday when the Greek referendum is voted on.

Read more ...

 more WWRT

What We Read Today 30 June 2015

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary 'reading list' which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for 'reading list' items are gratefully reviewed, although sometimes space limits the number included.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).


Every day most of this column ("What We Read Today") is available only to GEI members.

To become a GEI Member simply subscribe to our FREE daily newsletter.

Read more ...

 more features, analysis, studies, and news published in the last week

Distracted Driver Accidently Jumps Opening Drawbridge, Florida

A distracted driver had the fright of his life Saturday (June 27) when he jumped a rising drawbridge in Palm Beach, Florida.

Infographic Of The Day: Integrated Payment System

Whether you operate a restaurant, coffee shop, retail store, or bar, an integrated payment system is crucial to your business’s future success.

Read more ...

Video of the Day:

A distracted driver had the fright of his life Saturday (June 27) when he jumped a rising drawbridge in Palm Beach, Florida.

video of day picture

FOREX NEWS by DailyForex

Greek Poll Shows “NO” Ahead

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.

Will Greece Leave the Euro?

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 think about the current Greek crisis here.

ECB To Refuse Further Greek Liquidity

With the dramatic events of Friday and Saturday still being considered, the European Central Bank (ECB) met on Sunday and decided that it would not extend Emergency Liquidity Assistance (ELA) to the Greek central bank above its current level of €89 billion.

Tsipris: Greece is Still in the Game

With d(default)-day right around the corner, Prime Minister Alex Tsipris believes he hasn’t lost the battle just yet. In a television interview several hours ago, Tsipris suggested that European leaders would not have the nerve to kick his country out of the eurozone membership and that the cost of their doing so would be “enormous.”

Forex Week in Review

Last week saw the final trading session for the week, the month and the quarter from the perspective of these summaries. Much of that time has been pre-occupied with the Greek crisis which seems to have come to a head now.
 more investing, markets, precious metals & forex

01Jul2015 Market Update: Markets Slip Off Morning Highs And Are Expected Fall Further Along With Falling Oil Prices

 more opinion

Economic Red Alert?

by Michael Haltman

Is an economic red alert called for?

As the owner of a title insurance provider reliant on a healthy and vibrant U.S. economy that hopefully leads to the same in the real estate market, I am always searching for clues to provide me with indicators both for today and moving forward into the future!


Written by Gary

Today it is all about Greece. Markets opened almost one percent higher and have gradually melted off the morning highs as a defiant Prime Minister Alexis Tsipras urged Greeks on Wednesday to reject an international bailout deal. WTI oil has fallen solidly into a key support on surprising news of larger than expected inventory build, but is expected to rebound fractionally this time around.

Baring any surprising positive news, the markets are expected to fall off fractionally as the U.S. dollar rises, but remain In the green by the closing bell.

Read more ...

 USA economy at a glance (boxed items are updates in last 7 days)

June 2015 ISM Manufacturing Survey Again Marginally Improved and Remains in Expansion

Written by Steven Hansen

The ISM Manufacturing survey continues to indicate manufacturing growth expansion - it again marginally improved this month. The key internal new orders modestly improved and remains in expansion. Backlog of orders returned to contraction.

Read more ...