Posts Tagged ‘Greek elections’

Pro-Bailout Greek Party Wins Elections Yet Euro Still Likely to Fall Against US Dollar

Monday, June 18th, 2012

Greek parliamentary electionsGreece’s recent general elections had much of the world holding their breaths as the fear that an anti-Eurozone party would come out victorious. The doomsday scenario many feared was that Greece would revert to the drachma and cancel its bailouts, leading to massive losses for the Eurozone as well as the potential for an even greater disaster, with Spain and Italy teetering on the edge. Fearing excessive volatility on the markets some online Forex trading brokers even shut down private trading on Sunday, the 17th of June.

While the “end of the Eurozone” scenario did not come to pass as the pro-Eurozone (more…)

Greek elections

Sunday, June 17th, 2012

Greece flagRegardless of the outcome of today’s Greek elections, get ready for a hectic week in the marketplace!

With Greece holding elections today, we thought this may be a good time to let you know how this event may impact the marketplace when it reopens at 21:00 GMT tonight. Following the failure of Greek politicians to form a new government after the first round of elections in May, nervous investors sent riskier currencies and commodities plummeting. Now with new elections being held, the prospect for fresh market volatility is virtually guaranteed.