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Market Expectation The EuroTitle:
Wall Street set to open slightly higher on Greek hopes
(Reuters) - Stocks were set for a slightly higher open on Wednesday on optimism that the latest attempt by Greece to reach a deal on reforms in exchange for a new bailout would be successful.
The recent delays stirred European Union officials to warn Greece that the euro zone could continue without the fiscally troubled nation, which needs a rescue package to avoid an unruly default.
"They are pretty close on the debt talks, and it looks like the prime minister is getting the various members ...
Title:
Optimism mixed with cautious trading as the Greek situation remains uncertain
Optimism mixed with uncertainty in the market, where we can see the euro is fluctuating within narrow levels; however, European stocks were able to record gains and now European markets depends on any improvement in the Greek-debt talks with creditors and also as the Greek Premier meets the leaders of the Greek political parties, discussing the terms required by international lenders to obtain the second bailout funds.
Time is running out and now markets are very focused on the Greek financial ...
Title:
Euro hits 2-month high on Greek deal expectations
(Reuters) - The euro rose to a two-month high against the dollar on Wednesday, supported by optimism Greek leaders are close to agreeing on reforms needed to secure a second bailout and avoid a messy default despite slow progress in talks.
Greek leaders will meet again on Wednesday in a bid to strike a deal on painful austerity steps in return for another international rescue package, following a string of delays in negotiations.
Analysts said the euro could test $1.33 and push as high as $1. ...
Title:
Dukascopy Morning Forex Overview : 08/02/2012
Fundamental Analysis
EUR
"The salvation of the country, remaining in the euro, means great sacrifices"
- Evangelos Venizelos, Greek finance minister
Greece’s government is preparing a final version of an agreement on budget and structural measures required for a 130 billion euro bailout, said a Greek government official.
USD
"Markets would love to see some certainty, and we don't have any of that at the moment"
- Frank Lesh, a futures analyst and broker at FuturePath Trading LLC
U.S. stocks ...
Title:
EUR trading firm as markets are more optimistic about Greece
FUNDAMENTAL OUTLOOK at 0800 GMT (EDT +0400)
USD
The euro is trading on a firm note as markets are somewhat more optimistic that several outstanding issues on Greece are close to resolution. Firstly, late into the session on Tuesday a Greek government spokesperson finally announced that political leaders would meet on Wednesday to respond to the bailout proposals by noon. It appears that a tentative deal has been secured with the troika, though some individual points on how the cuts are going ...
Title:
Euro buoyed by hopes for Greece debt deal; yen slips
(Reuters) - The euro hit a fresh two-month high versus the dollar on Wednesday, supported by hopes that Greece may soon agree to austerity steps needed to secure a second bailout and avoid a disorderly default.
The single currency also hit a seven-week peak against the yen, its rise gaining steam due to stop-loss buying.
The yen retreated broadly on the crosses, with traders saying the technical outlook for cross/yen pairs had improved after their recent breach of some technical resistance ...
Title:
Asian shares gain, euro steadies as Greek talks in final stage
(Reuters) - Asian shares hit their highest level in more than five months on Wednesday and the euro hovered close to an 8-week high as investors kept hopes alive for an agreement on details of a new Greek bailout package despite further delays.
Financial spreadbetters expected Britain's FTSE 100, Germany's DAX and France's CAC-40 to open about 0.2-0.3 percent higher.
MSCI's broadest index of Asia Pacific shares outside Japan, after a slow start, rose 0.9 percent to its highest in more than ...
Title:
Euro, stocks gain on Greece bailout hopes
(Reuters) - The euro hit an eight-week high against the dollar on Tuesday, helping lift stocks and commodities on signs a Greek bailout agreement was near, but the rally paused after a key meeting on Greece was postponed by a day.
The euro rallied after Greece appeared to be close to terms on a 130-billion-euro bailout. A government official said Athens was drafting a list of painful reforms to clinch a new financial package, moving it a step closer to a deal that is needed to avoid a chaotic ...
Title:
Gold rises nearly 2 percent on Greece bailout optimism
(Reuters) - Gold prices rose 1.5 percent on Tuesday for their biggest daily gain in two weeks, as expectations that a Greek rescue deal will be completed drove the dollar down sharply against the euro.
Bullion, which had dropped in early trade on nervousness about Greece, rebounded to snap two days of losses as Greece's government was preparing a list of reforms needed to clinch a new financing package.
Hopes for a bailout plan that would move Athens closer to avoiding a chaotic debt default ...
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