Stubborn Greeks Put Global Markets "On Alert" | Greek Banks Closed... | Closer To Home: AUS Reporting Season - Preview |

Niv Dagan

Peak Asset Management

Good Morning, So these Greeks are once again “stuffing everything up”… They had their chance all the way back in 2008/09 and now six years later, they still want to be just as “stubborn”… At least this time, they have called a referendum to vote on Saturday 5 July We all know what the result will be…. A resounding “No”… Greek banks are now closed so no-one can withdraw money out from their ATMs… The IMF, EU, Merkel etc. are doing their very best to find a solution… But the only solution is to just kick them out. The EUR/USD has this morning “gapped down” 150bp and looks set to head lower… EUR/USD – Chart (below) Happy Monday… Although the SPI is pointing to a 12 point fall, we expect a sharply lower open this morning… With FLT, SEK, SGH, BKN, REA already downgrading earnings, it surely will be an “eventful” week…


Niv Dagan
Executive Director
Peak Asset Management

Prior to founding PEAK Asset Management, Niv headed up HC Securities, spent three years growing Halifax Investments capital markets division and also worked on the wholesale desk at Macquarie Bank, servicing a wide range of institutional,...

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