The Traderszone Network

The euro slides to fresh lows against the dollar and yen before attempting to rebound as the fallout from the Greek elections rattles through foreign exchange markets.
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China’s central bank and its top financial regulator are vowing action against the theft of bank depositors’ money, an issue that has entered the spotlight after a man was wrongly jailed for trying to recover money stolen by a bank employee.
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The best way to fix currency and other markets dogged with allegations of cheating by banks is to shift trading out of the darkest corners and onto centralized venues such as exchanges, according to BlackRock Inc.

How quickly do you think the common currency will hit parity with the U.S. dollar?

Filmmaker Michael Moore over the past week has been pilloried by an assortment of right-wing attack dogs, including the likes of Sarah Palin and Kid Rock, for some incendiary words he tweeted about the “American Sniper” film.

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The election was the second blow since last week for the euro, still smarting after the European Central Bank unveiled a huge bond-buying stimulus program. Renegotiating with other euro zone governments could even raise the risk of Greece eventually leaving the currency union, though most market players expect Tsipras to eventually make compromises to avoid the so-called “Grexit”.

Oil slid in early Asian trade on Monday, with U.S. crude falling close to a six-year low, after Greece’s election results heightened uncertainty in the euro zone and depressed the bloc’s currency against the dollar. Greece’s left-wing Syriza appeared on course to trounce the ruling conservatives in Sunday’s snap election, setting up a possible confrontation with international creditors. March Brent crude fell 44 cents to $48.35 a barrel by 0442 GMT, wiping out light gains made on Friday after the death of the Saudi King Abdullah, but off an early low of $47.85.

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