Sentiment on the market

Markets today are awaiting the results of the meeting of EU finance ministers. The topic to be discussed again today is Greece. According to the statutes of the IMF, countries in arrears may not receive extra money from the fund. Greek banks will remain closed today, it is possible to reduce the daily withdrawal limit to $ 40, and if necessary to $ 20

The ECB closely monitors the situation in financial markets and possible consequences for monetary policy and price stability in the euro area, the Governing Council is determined to use all available tools within their power to avoid more serious turmoil in the markets, said a source from the bank.

In the survey of events is the Vienna meeting of European leaders and Iran. In the event that reach a decision on its program of nuclear Iran, the sanctions imposed on the country probably will lapse. Iran ready to double its oil production within six months of 1.2 million. Barrels per day to 2.3 million., Which will have a serious impact on the saturated oil market. The eyes of investors will focus on overseas oil reserves of API.

 Varchev Traders

Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance