Now my next query since we know how Greece voted, are we going to have to wait until Greece makes their next govenment for things to settle down a tad more ?
Now my next query since we know how Greece voted, are we going to have to wait until Greece makes their next govenment for things to settle down a tad more ?
Now Greece faced problem from the German.
The markets accepted positively the results of the Greek elections, because the coalition wants to maintain Greece as part of the Eurozone. Therefore, in the short term I think that the stock markets will rise and so will the euro, towards 1.27-1.28. However, eventually the EU leaders will have to face bigger problems of Spain and Italy and then the markets will collapse. I am bearish on the weekly chart.