Cyprus lawmaker Neofytou says important steps taken to positive outcome – BBG

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  • There is one outstanding issue on deposits
  • Parliament to meet on three bills
  • Three bills are: capital controls, solidarity fund and Cyprus Popular Bank
  • Parliament to meet shortly

I never like to hear ‘one outstanding issue’ because something small could derail the whole deal but it certainly looks like it’s moving in the right direction.

Author: Adam Button

Adam Button is the managing editor of ForexLiveâ„¢. He was previously the chief currency strategist at XForex and has also worked with Intermarket Strategy. Adam believes there's an edge in knowing every tidbit of news. He was formerly the head of the markets team at the Canadian Economic Press and is a graduate of Ryerson University. Adam lives in Montreal, follow him on Twitter: @FX_Button.

10 Comments

  1. Hi Adam. Can we expect a deal to be finalized before market close?

  2. NEOFYTOU,………………………..big lyre to the market……….

  3. This week started with this Cyprus issue dragging EURUSD down from the High of the week before, and creating a huge GAP. Wouldn’t it be funny if the Cyprus issue is sorted today and EURUSD closes that GAP and finishes the week back at the beginning!? We could have a weekly ‘DRAGONFLY DOJI’ !!! What do they indicate? :-)

  4. Come on …just a few more pips , pleaseeeee :)) . Speaking of small details remember Greece ? ” There is just this small issue with what we reported the years before “.
    Off topic: Adam if could shine some light on my lack of knowledge , meant to ask Mike today when he talked about playing with 250 M at UBS but i forgot. What kind of order size would generate a quick 15-20 pips drop/rally on EurUsd considering the market giant volume ?

  5. Thanks Matt, I’m not crazy about that song but it’s a good message.

  6. if that chick moves in any direction, I’m getting out of the way.

    sorry long night lol.

  7. @ ANWAR the candle on the weekly will not be a dragonflydoji ,check it better. And doji indicates indecision, confusion . At the right place in trend doji are reversal patterns.
    @ Matt …hillarious clip , kudos.

  8. Still no news on the deal. Somehow i think they will come out with a solution over the weekend. Think that it is a good risk reward to long Eur pairs now. My 2 cents.

  9. Adam – message is important. I m not fan either.

    O think KE got it right

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