EUR Indicated 100 Pips Lower After Tsipras "Mental Waterboarding"
After ramping gloriously on Thursday and Friday, basking in the warm after-glow of an assured done-deal, the FX market appears to be deja-vu-ing all over again as EU leaders throw up all over Greek proposals. EURUSD is indicated 1.1085/1.1056 in pre-market - down around 100 pips from the Friday close - following what one official called "extensive mental waterboarding" of Greek PM Alexis Tsipras.
As The Guardian reports,...MORE
Alexis Tsipras was given a very rough ride in his meeting with Tusk, Merkel and Hollande, our Europe editor Ian Traynor reports....
And:
Early Market Indications: Bitcoin Soars To 2015 Highs, Stocks Tumble
...What are other markets looking like right now? We won't know for a while until USDJPY opens, which as the central banks know is how you manipulate the E-mini, in a few hours, and certainly not until ES opens in 7 hours, but thanks to UK spread bettors things are not looking good right now....
