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Announcements that may impact the markets this week
Big news for this week!
Below
are some announcements that may impact the markets this week:
(All
Times are in GMT)
News Event Analysis
Greece will
go to the elections this weekend with the potential to destabilise the
Eurozone. If the pollsters are right then there is potential that an
anti-austerity party will be voted in. The country has been bailed out to
the tune of Euro 240 billion but the economy has shrunk by 25%. If the
Syriza party, led by Alexis Tsipras, win then it is likely that he will call
for a reduction in the debt burden. Either way the Euro will continue to
be volatile.
Market News
The unprecedented Swiss move last Thursday, the ECB stimulus package and the
Greek elections have led to the Euro experiencing a 6th weekly decline against
the major currencies.
However, the Yen rose against the dollar as BOJ Governor Haruhiko Kuroda
implied that that the central bank may broaden its approach to stimulus, but
did not specify what options were available.
Bothe the Aussie and Kiwi hit fresh lows against the dollar, not seen since
2009 and 2011 respectively.
Hirose News
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Happy Trading!
The Hirose UK Team