15, July 2015

Fundamental analysis

EUR/USD (a 4-hour chart)

The multi-week negotiations between the Greek government and international lenders have been finally ended with a consensus. The country remains in the euro zone and will receive a long-awaited financial assistance. Athens will be allocated more than 80 billion euros over three years. In exchange, the Tsipras' government will reform the pension system and labor markets.

There was increased volatility in the Forex market. The EUR/USD fell after long positions profit taking when it became known that the Greece crisis is solved.

The GBP/USD showed growth then as traders took profits amid the oil market bearish sentiment.

The positive decision of the "Greek problem" promoted the demand for risky assets in the world, that supported the USD/JPY. Nevertheless, the pair fell by the end of the day.