Hmmmm, define successfully? “Greece is back” he follows up with, and on Saturday he announced that Greece won’t need a third bail out program.
The euro touched 1.2964 on some short-covering and and the Greek upgrade. I don’t like picking bottoms and catching falling knives and here’s why: Aside from the odd exception (like EUR/AUD) a ‘V-shaped’ bottom is unlikely. What’s more often is … Continue reading
The S&P flannel to follow
A quick jump up from 1.6220 t0 1.6249 along with EURUSD from 1.2920 to 1.2935 I’ve added to my small re-sell at 1.6225 with another sell at 1.6245. Look again/review if 1.6260 pops. Good retracement to sell back into but … Continue reading
So says an EU official. Euro group open to new Greek government request Would weigh more Greece aid if asked Greece needs not now expected to be huge amounts (they weren’t in the first place but look what happened) Greek … Continue reading
Greece’s manufacturing moved back into expansion this morning posting 50.1 vs 48.7 prior on the PMI, but GDP growth was revised down in the final Q2 2014 read to -0.3% from -0.2%
Lest we not forget that black hole in the Med. At the end of June greek government debt stood at €322.4bn vs €320.4bn at the end of March. Financial support mechanism loans (trucks of cash for short) made up €219.7bn … Continue reading
Prior 27.3% The tepid Greek recovery is failing to bite into unemployment levels so far.
Asks government to lift all sanctions immediately as they don’t contribute to a solution of Ukraine crisis Sanctions instead fuel an economic and trade war in which Greece has become involved Says government hasn’t weighed Greece’s special interests and bilateral … Continue reading
Greece’s PM Antonis Samaras met European president elect Jean-Claude Junker today and he said that Greece won’t forget Junkers support for the country. Speaking to reports after the meeting he said that the priority for Europe should be jobs and … Continue reading