Interesting market moves today in FX after the Greece vote goes the banksters way...
EURUSD up by 100 pips. At the same time USDCHF up by 60 pips.
Oil up 2% plus raising the commodo currencies - AUD, NZD and CAD.
Global markets are slightly up. I was expecting them to surge?!
So why does the apple market smell like the onions...
EURUSD and USDCHF inverse relation is disconnected... So who's the liar here? The euro. Why? Well the USDCHF prints a new all time low and bounces immediately even before the vote outcome and still stays up.
Tomorrow is June 30th. End of QE2.0... That too is making the markets smell like onions...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!