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.
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A distracted driver had the fright of his life Saturday (June 27) when he jumped a rising drawbridge in Palm Beach, Florida.
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FOREX NEWS by DailyForex
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.
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.
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.”
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.
01Jul2015 Market Update: Markets Slip Off Morning Highs And Are Expected Fall Further Along With Falling Oil Prices
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.
01Jul2015 Pre-Market Commentary: Greece Does About-Face And Accepts Bailout Deal Pushing U.S. Future
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.