This is basically the same song-and-dance as last Friday, when the market was afraid to be short EUR into the weekend due to the prospect of Greek parliamentarly approval.
This time it’s the EU but the trade is the same. Buy the euro because no one wants to be short when the bailout headlines hit. Sell (and consider being short) soon afterward.
MNI has Monday’s roadmap but warns that Germany could spoil the party.
The deal could still face a last-minute setback, sources cautioned, because Germany and other northern Eurozone states remain deeply suspicious of Greece’s willingness to implement the bailout program.
