Weekly review: the Greek drama seems to be without happy end
12.06.2015, 12:38

Weekly review: the Greek drama seems to be without happy end

There is still no progress in the debt talks between Greece and its creditors, and the likelihood for a Greek default rises. The Greek government provided a new proposal this week, but its creditors said that the proposal is insufficient. The culmination of the debt talks was yesterday as the International Monetary Fund (IMF) technical team has left the debt talks in Brussels, saying there were "major differences".

News also reported that Germany was preparing for a Greek default.

The situation could only change if the Greek government accepts almost all conditions of its creditors. The other reason could be the pressure from the rest of the world to continue the debt talks until a new deal is reached.

Government bond markets were volatile this week, showing fears of the debt talks' results.

The U.S. economic data was mostly strong this week, but it does not mean the Fed will start raising interest rate next week. The World Bank warned the Fed this week to delay the interest rate hike until next year. It is the second warning. The International Monetary Fund (IMF) also warned last week that the Fed should delay its first interest rate hike until the first half of 2016.

It is possible that the Fed will take into consideration this warning deciding to raise or not to raise its interest rate.

Markets are expected to be volatile next week as there is still no deal between Greece and its creditors and as investors are awaiting the release of the Fed's interest rate decision.

  • Name: Konstantin Meinhardt
Quotes
Symbol Bid Ask Time
AUDUSD
EURUSD
GBPUSD
NZDUSD
USDCAD
USDCHF
USDJPY
XAGEUR
XAGUSD
XAUUSD

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location