Greece may prove to be a temporary influence but it’s likely to again dominate trading Tuesday, as traders watch the fallout in the oil market and elsewhere.
“It’ll certainly be Greece unless things melt down further in China. Then that one will come to the top,” said Randy Frederick, managing director of trading and derivatives at Charles Schwab.
China’s emergency measures to stop the decline in its volatile equities markets were a major undercurrent in markets Monday, as headlines on Greece sent repeated ripples through global financial markets.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.