US stock indexes closed yesterday’s trading session with a sharp decline. They depreciated by 1.5%, which is the deepest decline seen this year. The major reason for the decline is the threat of a Greek default.
If Greece does collapse, this will cost Europe at least 1 trillion euro. The holder of Greek bonds have to agree to participate in the Greek bond swap till the end of the day, otherwise the country will have to announce a default on its debt.
Morgan Stanley’s stock lost 5,3% of its value, Citigroup and Bank of America’s stocks depreciated by 4,6% and3,3% correspondingly. Dow Jones declined by 1,6%, S&P depreciated by 1,54%, NASDAQ lost 1,36%.
According to the department of Masterforex-V Trading System , the USD index gas formed a downswing – wave a/B H1. A break below 79,35 will cancel the current upswing of Daily. Otherwise, the uptrend will be resumed. The closest levels of resistance are 80,00 and 80,23.
