- Greek FinMin: Expects long period of uncertainty for Greece to end today
- German FinMin: ‘Increasingly optimistic’ of a Greek deal
- French FinMin: We have all the elements for an agreement on Greece
- Austrian FinMin: Euro zone officials to discuss escrow account for Greek bailout package
- China’s Xi: Considers more involvement in EU debt crisis – Bloomberg
- ECB’s Asmussen: Greece not a threat to World economy
- S&P downgrades coastal Greenland to ‘CCC+'; outlook negative (polar bears up in arms)
- French February manufacturing industry morale stable at 92, as expected
- David Blanchflower: The Bank of England gets it wrong yet again – The Independent
Do you think I went a little overboard with the “high” hopes? Oh well, we’ll see soon enough won’t we….
EUR/USD up at 1.3255 from early 1.3205, having been as high as 1.3264. Hedge funds been seen buying this morning. EUR/JPY up at 105.50 from early 105.00.
USD/JPY sits at 79.53, effectively unchanged on the day. Trailing sell stops seen through 79.30. Sell orders clustered up at 79.90/00 ahead of well-documented 80.00 barrier option interest. Buy stops above there.
Cable pretty much unchanged at 1.5860, down about 10 pips since I got in. EUR/GBP up at .8355 from early .8320, reflecting better-bid euro.
