The euro is growing again
23.07.2015
The main currency pair moved up after a short pause and the Greek news is once again determining the mood of the market.
The euro/dollar is growing on Thursday. The current quotation of the pair is 1.0995, and this is a very good result.
Investors actively respond to the information from the key newsmaker - Greece. Yesterday the Greek parliament adopted a second bill that was needed to start a new series of negotiations with creditors on obtaining regular assistance programs. We are talking about a three-year support for Athens with the "weight" of 86 billion euro.
The necessary to the Old World amendments were introduced to the Greek Civil Code, the regulations of the real estate sector and the banking sector were reformed. Previously amendments to the Tax Code were adopted. Ordinary citizens have not lived quietly and comfortably for a while, and now their lives will become more expensive, but they will remain within the euro zone. The Greeks are vigorously moving towards the EU - of course, because they again pulled towards themselves a purse full of money.
All negotiations must be completed by 20 August. Greece has almost a month to make the necessary revisions to the laws, but knowing the leisurely nature of the politicians, terms are likely to be stretched.
RoboForex Analytical Department
The euro/dollar is growing on Thursday. The current quotation of the pair is 1.0995, and this is a very good result.
Investors actively respond to the information from the key newsmaker - Greece. Yesterday the Greek parliament adopted a second bill that was needed to start a new series of negotiations with creditors on obtaining regular assistance programs. We are talking about a three-year support for Athens with the "weight" of 86 billion euro.
The necessary to the Old World amendments were introduced to the Greek Civil Code, the regulations of the real estate sector and the banking sector were reformed. Previously amendments to the Tax Code were adopted. Ordinary citizens have not lived quietly and comfortably for a while, and now their lives will become more expensive, but they will remain within the euro zone. The Greeks are vigorously moving towards the EU - of course, because they again pulled towards themselves a purse full of money.
All negotiations must be completed by 20 August. Greece has almost a month to make the necessary revisions to the laws, but knowing the leisurely nature of the politicians, terms are likely to be stretched.
RoboForex Analytical Department
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.