Well the Greece PSI developments should get settled one way or the other. That will send the Euro up or down, and it may have an effect on the Yen due to the Yen/Euro cross. It will certainly affect the eur/usd and hopefully break it out of the range it's stuck in if NFP fails to do so!!
Thanks for the heads up mate
No worries.....we'll be the last to know about it, and the first we will know is when a huge spike hits the eur/usd.
Here's what Joel Kruger from DailyFX says......I don't listen too much to analysts, but I like Joels take on things:
" [size=3]Euro gains have stalled out, and in the end, it has been a week of consolidation in the markets. EUR/USD remains the key market to watch for broader directional insight, and the critical short-term levels to watch above and below come in by 1.3235 and 1.3025 respectively. A break and close above...
But wait...there's more:
BERLIN (MNI) – The conditions for a Eurogroup meeting on Greece
next Monday have not yet been met, the German Finance Ministry said
Friday.
“None of the elements are yet there,” ministry spokesman Martin
Kotthaus said at a regular press conference here, pointing to the
ongoing negotiations for a private sector involvement in the Greek debt
write-down as well as the still outstanding evaluation report on the
country by the so-called troika, the representatives of the EU, the ECB
and the IMF....
