SaxoTV

Pope: I'll sell the euro even if Greece gets a deal

774 views
June 26, 2015 currencies, currency, currency market, currency markets, currency pair, currency pairs, currency trade, currency trading, eur, eurchf, eurgbp, eurjpy, euro, euro area, euro dollar, euro zone, eurodollar, europe, european economy, eurozone, eurozone economy, eurusd, eurusd greek, eurusd interest rates, eurusd trade, eurusd trade idea, eurusd trends, fore eurusd, foreign exchange, foreign exchange market, foreign exchange strategy, forex, forex eurusd, forex exchange, forex idea, forex market, forex market overview, forex markets, forex saxo bank, forex selling, forex trade idea, forex trading, fx, fx forex, fx market, fx markets, fx saxo bank, fx strategy, fx trade, fx trade idea, fx traders, fx trading, greece, greece bailout, greece crisis, greece debt, greece debt crisis, greece european union, greek, greek bailout, greek crisis, greek debt, greek economy, greek negotiations, greek neogtiations, greek talks, greekdebt, greexit, imf, imf greece, imf payment, international monetary fund, june 15, june 30, macro, monetary policy, saxo, saxo bank, saxo bank forex, saxo bank group, saxo bank saxo tv, saxo bank trading, saxo bank trading floor, saxo bank tradingfloor.com, saxo bank tv, saxo capital markets, saxo traders, saxo trading, saxo tv, saxo tv saxo bank, saxo tv trades, saxo tv trading, saxo tv trading floor, saxo tv tradingfloor, saxo tv tradingfloor.com, saxobank, saxobank.com, saxotrader, saxotv, saxowebtrader, trade, trade idea, trade ideas, trade view, trader, traders, trades, trading, trading currencies, trading currency, trading floor, trading floor saxo tv, trading forex, trading forex 2015, trading fx, trading idea, trading platform, trading risks, trading strategy, trading tips, tradingfloor, tradingfloor saxo bank, tradingfloor saxo tv, tradingfloor.com, tradingfloor.com insights, tradingfloor.com saxo tv, tradingfloor.com trade ideas, tradingfloorcom
The euro is stuck in a tight range against the dollar ahead of Saturday’s decisive talks between Greece and its creditors. If Greece succeeds in extending its bailout, Stephen Pope expects the euro to rally and that’s when he will be selling.

A deal with its creditors would enable Greece to meet a key June 30 deadline for a USD 1.7 billion payment to the IMF and avoid a default.  That would probably see the euro rise against most major currencies, which is an opportunity to start selling into that strength, says Pope, managing partner of the Spotlight Group.  

That’s because the euro remains the weakest of the pair against the dollar, according to Pope. Taking a medium to long term view, Pope says there is little chance of the euro area hiking interest rates for a long time, while the US Federal Reserve is widely expected to move on interest rates later this year.