Nothing like a bit of ambition. Personally I’ve never had any myself.
- It’s the right thing to do to grant Portugal 78 billion euros in aid
- Germany should agree to Portuguese aid once conditions are set
- Portugal shows risk of contagion within euro zone must be taken seriously
- Germany acting in best interests of all Europeans and Germans (ahhhh, bless)
- Sees considerable unrest for Greece
- Will only make decisions on Greece after IMF, EU reports are completed
- Will not be able to approve measures for Greece without clear conditions
EUR/USD has seen recovery to 1.4222 at writing. Likes of oil, gold have seen their price steady a little. Just a little, not a lot
Overnight Sean mentioned sell orders clustered up around 1.4250 and more around 1.4280, so they’re the next two hurdles for the euro bulls.
