A week that began agitated since Sunday, with resignation Greek Prime Minister Papandreou, whom happen a coalition government.
Without enter political considerations things hoped the incoming government implement plan anti crisis imposed by EU one hand gives great relief macroeconomics Greek by cutting sovereign debt has in a 50% and secondly proposes an adjustment hard towards population which surely highe conflicts current.
There is a strange calm today in the currency markets, and really understands what is coming. The G-20 ended up with zero results, the Greek political situation remains in flux, while the returns from Italy dreaded approaching the horizon of 7.00%. It seems as if all efforts to save Europe would have been in bucket or simply never have done nothing.
Confidence at times like east lasts briefly markets returning reality and knowing that background problem not solves changing government but minded and attitudinal thing markets not in situation achieve.
All this is generating strong movements in currency pairs main with Euro and Sterling recovering positions quickly gold prices and oil not outside what happens. Ounce retook marked uptrend in recent days and accentuates same in these hours, while barrel WTI fetches $ 96.40.
Furthermore, markets still digest two key data: Friday, creating jobs October failed resulted festivities and so reflected actions NYSE. But also lowered the unemployment rate to 9%, one tenth that at least did not worsen the labor market situation.
Therefore we pending expansion by the acontecimeintos who will have this week to take posisciones long or short in major pairs currency.