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Greek Default Could Trigger Euro Rally, US Recession Could Aid Dollar

From forexcrunch.com

A default in Greece could already be significantly priced in, and a US recession, which also looks imminent, could help the US dollar. Not necessarily what you were thinking? It’s the “buy the rumor, sell fact phenomenon. But there’s one currency and one event to which this phenomenon will not likely apply. In the interview below, David Rodriguez analyzes current fundamental topics in forex trading. David Rodriguez is a quantitative analyst for DailyFX.com, specializing in statistical studies in currency trading markets and algorithmic trading systems for the Managed Accounts Programs offered by parent company, FXCM. ... (full story)

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  • Category: Breaking News