BINARY OPTION TRADING 101.
Greece is due to pay IMF 1.6 Billion Euros by June 30, 2015. On Friday, June 26th, Greek Prime Minister Alexis Tsipras turned down the latest reform measures proposed by their country’s creditors. Instead, a surprise referendum was called for July 5th. European Finance Ministers are refusing to extend their deadline, despite their call for the Referendum. Without a rescue package in place, it’s not certain whether Greece can make the payment. If Greece missses the payment, the country risks going into default. This in turn could trigger “Grexit” from the Euro.
Saturday, 27 June 2015.
OIL MARKET AWAITING RESULTS OF IRAN NEGOTIATIONS.
Iran’s nuclear program deadline is approaching. With the deadline set for June 30th, the oil market could see a significant change. After crashing last year and having its ups and downs since then, it has leveled off the last couple of weeks. Based on the results of Iran’s deadline, the outcome could have extensive consequences immediately afterwards and in the long term.
If a deal is reached mutually on both sides, sanctions will be lifted and Iran can bring an influx of oil production to the markets. Currently, Iran has 40 million barrels of oil in storage. If news of a deal is reached, oil prices are expected to drop $5 to $10 a barrel. .
On the other hand, if a deal is not reached, sanctions will not be lifted and Iranian oil production will not be accessible to the markets.
The Iranian President has expressed a desire and willingness to reach an agreement with the West. However, Iran’s Supreme Leader is in charge of the agreement and has stated some opposition to key demands; particularly international inspections of Iran’s nuclear plants.