Risk Markets Tumbled on Greece Uncertainties, More Selloff Ahead Global risk markets tumbled last week as political uncertainty in Greece raised the odds of the country leaving Eurozone. European majors dropped against dollar and yen, with EUR/USD broke below 1.3 psychological level. But Aussie and Kiwi were even weaker on risk aversion. Dollar index broke 80 psychological level and the technical development favors further rally in near term. CRB commodity index broke recent down support of 292.39 to resume the larger down trend. Stocks were relatively resilient as DOW was only down -1.6% last week. But selloff in equities could accelerate if DOW breaks 12710 support in near term. With uncertainty in Greece continues, risk markets will remain pressured and be vulnerable to further downside. Full Report Here... |
|
No comments:
Post a Comment