Market is Edging toward Cautiously Anticipating Greek Deal

How is this headline a surprise?

It has always been the ECB under the REAL pressure. Greece has just been the first test case.

The entire Euro Zone has made itself completely vulnerable to the most STUPID austerity measures, and most recently using monetary policy rather than using FISCAL policy to kick-start Europe with infrastructure projects.

IF Greece had been advanced 1-2 hundred Billion for infrastructure projects, Greece would be more advanced and more productive than Germany!

It's OLD news that the IMF and World Bank are entirely AMERICAN owned or controlled.

And the chaos of the Greece situation is LOVED by the USA.

Any rational person could have dealt with this before it ever became a problem.

Such is the human condition.

To make a deal you have got something offer. Greece has naught. So.... no deal.

Taking water from the deep end of the pool and dumping it in the shallow end does not make the pool deeper. Greece needs more capitalism not geo-welfare.

IMF is run by a French woman and it is traditionally headed by a European.

USA needs export markets, monpol normalization (increase rates), and a military partner to deal with Russia and EMEA religious fanatics. All these are hurt by euro mess.

Actually, the IMF is controlled by the USA, with it's power of veto over any and all lending. And it is majority funded by the USA by the "virtue" of its never ending printing press of money.

The IMF is a delusion, and just a monetary policy extension of the USA.

What we will soon see is the Chinese Asian Infrastructure Investment Bank make massive INFRASTRUCTURE investments around the world; which is what the world has always been needing - a FISCAL policy way to deal with world growth issues.

Fiscal policies when governments are close to bankruptcy!!?? The sovereign debt crisis is just starting with Greece and Puerto Rico... Over the next few years I can assure you more governments in this world will go bankrupt usually through their own incompetence and corruption!

so eurusd is consolidating in anticipation of "grexin". I tend to disagree, and think the euro will strengthen with "grexout".

As long as snb remains liquid and chf remains strong, eur will be kept strong by snb support ( periodic interventions) while on the other hand ecb will still talk it down on every spike on eurusd so in my opinion we will have choppy moves on both directions but no actual trend/ direction. No matter what the fundamentals will be. There are other pairs offering better risk to reward ratios.

Agreement = EUR up. Grexist = EUR up. Best is still to buy UK Pound which will move in tandem with EUR. Furthermore EUR/GBP has moved up quite a bit now, so it is attractive at the moment to buy GBP. I suggest buying GBP/USD in case EUR shoot up faster than GBP which cause EUR/GBP to raise further. Furthermore, Fed has now one more new concern about raising rate - China meltdown. They will probably delay rate hike further answering IMF call.

But aren't the ecb ramping up buying more bonds soon?