Action Forex |
- Greece to get above 85% on bond acceptance
- Markets buzz in anticipation of the Greek swap deal
- USDJPY remains in uptrend from 76.02
Greece to get above 85% on bond acceptance Posted: 08 Mar 2012 01:51 PM PST According to Greek official, Greece would get above 85% Greek bond acceptance. Official said despite the information, they must to check all information and official announcement will be release Friday at 6:00 GMT. The above 85% Bonds acceptance is under Greek law and represents 177 billion euros. "Whoever gives percentage rates now is naive," a Greek government official said in a recent interview with Reute |
Markets buzz in anticipation of the Greek swap deal Posted: 08 Mar 2012 05:53 AM PST European stock markets and the euro are extending gains on Thursday, on the hopes that the Greek debt writedown deal, which is supposed to be finalized by 20:00 GMT, will have a positive outcome. Greek authorities informed that the release of debt swap results is scheduled for 6:00 GMT on Friday, but Greek Finance Minister Evangelos Venizelos might also make an official statement sometime earlier. Although at |
USDJPY remains in uptrend from 76.02 Posted: 07 Mar 2012 07:43 PM PST USDJPY remains in uptrend from 76.02, the price action in the trading range between 80.01 and 81.86 is treated as consolidation of the uptrend. Lengthier sideways movement in the range would likely be seen over the next several days. As long as 80.01 support holds, we'd expect uptrend to resume, and another rise towards 85.00 is still possible after consolidation, and a break above 81.86 could signal resumption |
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