SaxoTV

Veksler: Why I won't trade EURUSD at the moment

508 views
July 02, 2015 dollar, dollar euro, dollar federal reserve, dollar index, dollar outlook, dollar rise, dollar strength, dollar trading, dollars, ecb, ecb action, ecb draghi, ecb euro, ecb meeting, ecb news, ecb policy, ecb rate, ecb rate cut, ecb rate decision, ecb rates, ecb rates decision, economic, economic growth, economics, economy, eu, eur, euro, euro area, euro dollar, euro zone, eurodebt, eurodollar, europe, europe growth, european, european central bank, european economy, european union, eurozone, eurozone crisis, eurozone economy, eurusd, fed, fed chairman, fed chairwoman, fed meeting, fed news, fed policy, fed rates, fed stimulus, federal, federal government, federal policy meeting, federal reserve, federal reserve rate, federal reserve rate hikes, federalreserve, fomc, fomc meeting, fomc minutes, fomc preview, fomc statement, fomcmeeting, fomcminutes, fomcstatement, greece, greece bailout, greece crisis, greece debt, greece debt crisis, greece european union, greece exit, greece germany, greek, greek bailout, greek crisis, greek debt, greek economy, greek finance minister, greek negotiations, greek talks, greekdebt, greenback, greexit, grexit, imf, imf eurozone, imf forecast, imf greece, imf payment, non farm, non farm payrolls, non farms, non-farm payrolls, non-farms, nonfarm, nonfarm payroll data, nonfarm payrolls, nonfarmpayroll, nonfarmpayrolls, nonfarms, rate, rate cut, rate hike, rates, rates decision
There's been surprise at just how well the Euro is doing despite the Greek crisis. Ken Veksler from Accumen Management, says that while everyone is waiting for some kind of resolution out of Greece, EURUSD remains range bound. But he also says the market is waiting for the US Fed's decision on a rate hike which may or may not come later this year.

Veksler says there will be the usual volatility in EURUSD when the nonfarm payroll figure is published. But he says it will dissipate quickly as the market awaits the result of Sunday's Greek referendum.

As far as trading EURUSD, Ken explains why he's reluctant to take a position at the moment. He does though believe that the Euro will end the year higher against the Dollar, once Greece is settled.