The chance of a Greek Eurozone exit has risen to 33%, according to Standard & Poor’s, on political fears. If Tsipras and Syriza, the left-leaning candidate and party, garner enough support, Greece might renege on troika commitments, see bailout money dry up, and be forced out.
Archive for June 4th, 2012
Today’s trading will likely be driven by the situation in Europe and speculation over the Fed.
The headlines this weekend were all about synchronized global slowdowns, deflation and decelerating U.S data. Technically, we have had several signs over the past two months to foreshadow a technical breakdown, and now we are at the 200-day moving average.