Asian and European trading sessions:
Euro: The euro grew against almost all its competitors after the result of preliminary estimates indicated the victory of the conservative party "New Democracy "in parliamentary elections in Greece. The "New Democracy "party is a supporter of compliance agreements with international lenders, programs of financial support of the country and the course of economic reforms. The EUR / USD pair opened the earlier Asian session with gap up and moved higher to $1.2745 updating its monthly high. According to results, the winner of the elections, the Conservative party "New Democracy" leading by Antonis Samaras gained 29.7%. However, the couple was not able to hold achieved positions and slide down to the $1.2670 level, high of the previous week. During the European session, the euro continued to decline on background of market participants' doubts about the ability of the new parliament to form a strong government and fulfill their earlier commitments. Also there were still concerns on the situation with the banking system in Spain, where the amount of bad loans in April jumped to 152.74 million Euros which is an increase of 8.72 % compared with 8.37% of March's. The EUR / USD pair declined to the level of $ 1.2618 during the European session.
U.S. Dollar: On the background of raising the World markets stock indices as well as on decreased demand for save haven assets the dollar fell against most major currencies.
British Pound: The GBP / USD couple traded in a range of $ 1.5690 -$ 1.5727 during the Asian session. The pair fell into the region of $ 1.5650 at the European trading session.
American trading session:
U.S. Dollar: The dollar was able to gain back all its previously lost positions. The dollar index hit the level of 82.33 during the American session.
Gold: The Gold prices started this week with volatile. They tested lows of the June 12, the $1604 level at the opening, yet rebounded quickly to the highs of last Friday, the $1629.4 mark on optimistic with regard to results of the Greek elections. During the session the Gold was able to keep this level and closed it at $1629.8 per troy ounce.
Silver: The Silver prices opened this day near the last week highs of $29.02 per troy ounce.As agold the Silver had a volatile sessions dropping to the lows of $28.30 than raising to the of $28.85.
Oil: The results of the FOMC meeting published this week which are waiting by many market participants would affect Oil prices in terms of the announcement of the decision on the additional stimulus for US country. Meanwhile, the price of oil WTI dropped to $ 82.05 per barrel today on the NYMEX.
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