USD/HUF stages crushing decline

FXStreet (Barcelona) - The 1-hour USD/HUF MACD series is sitting at extreme lows.

Recent plummeting USD/HUF price action has been highlighted by an above-average distance between MACD and its signal line. From a strategic standpoint, there could be further stomach-churning dips to endure, as well as brief relief rallies. The latest MACD print shows dissipation of downside momentum, thus reinforcing the second scenario.

Jul 10, 2015

German 10-year Bund yield rises ten basis points

German benchmark 10-year Bund yields rose 10 basis points after Greece sent a package of reform proposals to its euro zone creditors to get new funds and avoid bankruptcy.

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Jul 10, 2015

Greece deal gaining momentum – BBH

The Brown Brothers Harriman Team notes that although the Greece deal is gaining momentum after the reform proposal sent was in line with its creditors’ previous demand, the real question still seems to hinge on debt relief.

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