Daily Video - 11.03.11

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A Deadline for Greece Referendum Starts Risk but EURUSD Hestitates The top scheduled event risk for the day was the FOMC rate decision; but markets proved far more sensitive to the commentary that followed a meeting between European officials and Greek Prime Minister Papandreou on the recently announced referendum. An update that set the vote to December 4th or 5th and commentary from German Chancellor Merkel and French President Sarkozy that lends to a high probability of a Greece exit from the EU escalates the concern. The immediate reaction was more prevalent with risk trends than it was with the Euro; but both will be under pressure through Thursday's session (especially with the ECB rate decision on tap).   Watch the Video Here Best regards, DailyFX Research Team research@dailyfx.com DailyFX Home | research@dailyfx.com | Contact US ©2009 DailyFX. All Rights Reserved. Forex Capital Markets, L.L.C.® assumes no responsibility for errors, inaccuracies or omissions in these materials. Forex Capital Markets, L.L.C.® does not warrant the accuracy or completeness of the information, text, graphics, links or other items contained within these materials. Forex Capital Markets, L.L.C.® shall not be liable for any special, indirect, incidental, or consequential damages, including without limitation losses, lost revenues, or lost profits that may result from these materials. Opinions and estimates constitute our judgment and are subject to change without notice. Past performance is not indicative of future results.

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