I want to point out something. In Feb, bbacker and I called continued bearishness after the Greek Band-Aid rally wears off.
The chart is interesting and food for thought.
http://www.forexfactory.com/attachme...1&d=1342228004
Always good to look back and remember. Where do you think the recent optimism will be met with tepid pessimism?
The chart is interesting and food for thought.
http://www.forexfactory.com/attachme...1&d=1342228004
Always good to look back and remember. Where do you think the recent optimism will be met with tepid pessimism?
DislikedTwo months sound about right for the following reason... elections in Greece!
Now the current Greek parliament have voted through the new deal. We still have to wait for the Finns, Dutch and Germans to vote it through too, but I think they will... reluctantly.
Troika are not that stupid and will only give Greece the money as needed and why they will now have a permanent presence in Greece's affairs, but this will all change when elections come up in April and the market will slowly begin to realise this nearer the time as the opinion polls...Ignored