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Prediction Euro,forex Markets And Key Stock Markets This Week June 18-22

First part of short and longer term prediction about Greece eurozone was posted last week on this and other blogs

In part 1 of our prediction posted few days back on our blog we predicted new beginning for Greece away from austerity driven policy environment hence a bigger role fro parties like Syriza.

In part 2 our intention was to see how outcome in Greece would affect forex markets trades in Euro and some key stock market indics. Our intention was to derive outcome of Greece elections based on predicted trend in these financial indicators

The results here in part 2 seem to agree with prediction of short and medium term nature posted earlier-Likely vote for Change in Greece.

Warning and disclaimer:We expected to see strong one way movement in predicted variables but were surprised to find corrections deepening/occurring around mid week( Wed-Thursday.If correct, This may be indicative of delay in Greece government formation

Part 2-Fallout of Greek elections on Euro,World Markets for week June 18-22

Forex

Prediction for this week

EURUSD

Sharpest correction around mid week. Sell on Early week rise

EURJPY

Sharpest correction around mid week. Sell on Early week rise

EURGBP

Sharpest correction around mid week. Sell on Early week rise

EURCHF

Sharpest correction around mid week. Sell on Early week rise

EURYuan

Sharpest correction around mid week. Sell on Early week rise

Stock market indices

Dax30

Mid week correction after early rise

CAC40

Mid week correction

Dow30/Sp500

Relative outperformer but does not escape mid week correction

Sensex

Peaks by mid week but looses steam

Athens Index

Sharp correction but end week bounceback

Overall( both forex and Stock markets)

Emphasis is on overall trend not on individual markets.Most indices show "shock correction" mid week but recover