When Will Eurogroup Approve The Next Greece Bailout Tranche?http://www.currencynewstrading.com/wp-content/uploads/slideshow-gallery/eurogroup-greek.jpg
November 12, I believe it is in the best interest for Europe to release the bailout soon, as Juncker said, although the comments on ”no definitive decision” is just Juncker being politician, because Greece will get the next tranche of payment in time before the bond redemption, and EURUSD will probably rally as a result… although I must warn you that I believe the rally may be temporary, as the overall sentiment still remains bearish for the Euro as a whole…
Greece Bailout Woes Continue To Fuel Risk Aversionhttp://www.currencynewstrading.com/wp-content/uploads/slideshow-gallery/eurogroup-greek-meeting.jpg
November 13, Greece Bailout Continues… The ECOFIN meeting today ended with no visible agreement to release the €32B tranche of bailout payment, crushing the hopes of Greek politicians who are utterly aware of the €5B redemption deadline this Friday. Furthermore, ECB added fuel to the fire by denying that it would broaden collateral for Greece ELA, a move that shocked the market as traders were counting on the ECB to step in and save the day, just as before in an eerily similar fashion.
The Most Anticipated Eurogroup Meeting For The Year…http://www.currencynewstrading.com/wp-content/uploads/slideshow-gallery/imf-eu-greece.jpg
November 19, This is probably the most anticipated Eurogroup meeting of the year, as the fate of Greece will be decided in this meeting, or at the very least, a cleared policy framework will be provided as time is literally running out for Greece. With IMF now being the major hurdle because of the debt-sustainability issue, the Eurogroup may have to pickup the slack and take partial losses to cover the extra 2 years of discrepancy, eh Extension, for Greece.
Greece Bailout Tranche To Be Released On December 13…http://www.currencynewstrading.com/wp-content/uploads/slideshow-gallery/Greece-bailout-money.jpg
November 27, Greece Bailout Tranche will be released on December 13 in the amount of €34.4B. Obviously this news is positive for the Euro, but considering how much the market gained ahead of this release, it is understandable to see some profit taking after the news. With the uncertainty settled for Greece, I believe Euro may now gain on positive sentiment and it could potentially restest the upper end of the range.
Month In Motion – November 2012
December 5, 2012 by Leave a Comment