Will Greece Exit the Euro Zone Next Month?

Another day, another prediction of a Greek exit from the euro zone. But unlike the vast majority who give a medium term timeline for a "Grexit", one strategist told CNBC it could come as early as next month. “It’s a question of when, not if. Next month there is the ratification of the ESM [European Stability Mechanism] in Germany and you may well see a situation where Greece leaves the euro, the ESM is ratified and Spain and Italy then go in and ask for the money. There is a feeling that time is running out,” Paul Day, Chief Strategist, at Market Securities told CNBC’s "Squawk Box Europe". FULL STORY (click)

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Forex Insight Group trade of day June 15th

GREAT TRADING for all our community traders - TODAY



Today June 15th, Chief Trader Alvaro Mendez takes a sell position on the EUR/USD pair. Chief Al waits patiently for the EUR/USD to bounce out as he instructed to all traders in the room and online community ROOM. Chief Trader uses the 5 minute Success Trade setup to plan and enter his sell position. Since it was a Friday Alvaro was very strategic on his stop-loss (fairly tight). Five minutes into the trade Alvaro collected +9 PIPS! As the morning continued and all traders followed on this range trade in eur/usd and as the session continued Chief Traders and all traders in office and online room moved to collect 13+ on eur/usd as the pair really made some nice moves against the dollar.

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The Asian Session kick starts at 7pm and we continue to trade this market for 3-4 hrs. For the traders who love to trade at night the London Session is the way to go. Every session has its advantages and disadvantages so you must pick the one that fits you.

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