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NYLON HANDOVER: Greek PM resigns and calls election

Euro crosses continued to gather momentum overnight whilst the Greek PM resigned and calls a snap election.


- Global growth concerns weighed down stocks and sent longer-dated bond prices higher.
- Plummeting commodity prices and Chinese growth have been the main drivers for movements now the FED minutes have passed.
- WTI low had an intraday low of $40.62 overnight and seemingly on route to test $40 per barrel
- Euro crosses continue to gather momentum since the 3rd Greek bailout deal has been approved. 
​- The Greek PM resigns and calls an election saying he had a moral duty to go to polls now the 3rd bailout had been secured.  
- Gold is reclaiming its safe-haven allure and currently sits at 5-week highs having broken above $1142 resistance yesterday. 

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