I was referring mainly to the European announcement. It might lead to a big spike into the end of the month, or the downtrend until the ECB starts printing. Should hopefully tell the trend for the next 2-3 weeks regardless hopefully.
brucekeller wrote:I'm sure we are waiting for the announcement at 2EST
What announcement?
Thanks
Also Europe/Greece
Trades with cats wrote:"Official" oil inventory at 10:30 Eastern. Expecting a build of 3.5 or so, about half of last weeks.
Big event, maybe, ifs the Euro presser at 19:00 GMT. That is 14:00 Eastern Standard. They know darn well if they say the wrong thing about a Greek deal they will tank the market.
and fwiw.. on a side note… In other words, at precisely the same time as the FinMin is in Brussels discussing the fate, or lack thereof, of Greece in the Eurozone, the new Greek foreign minister will be in the Kremlin, getting instant updates from Brussels and perhaps discussing the fate of Greece in the Eurasian Economic Union.http://www.zerohedge.com/news/2015-02-1 ... -or-russia
And so it begins... the beginning of the end... or the end of the beginning?
France:
*MOSCOVICI SAYS THERE IS NO COMMISSION PROPOSAL ON GREECE
*MOSCOVICI SAYS THERE IS 'ROOM TO MANEUVER' WITHIN PROGRAM
Slovenia:
*SLOVENIA'S CERAR SEES `INTENSIVE DISCUSSION' ON GREECE TOMORROW
*CERAR SAYS FLEXIBLE SOLUTION SHOULD BE SOUGHT FOR GREECE
Germany:
*SCHAEUBLE SAYS IT'S NOT ABOUT DEFINING RED LINES ON GREECE
*SCHAEUBLE SAYS DON'T EXPECT ANY RESULT ON GREECE TODAY
*SCHAEUBLE SAYS UP TO GREECE TO STAY IN PROGRAM OR NOT
IMF:
*LAGARDE SAYS HAD "GOOD MEETING'' WITH VAROUFAKIS
The Timeline (as we know it):
-11 February: Meeting of Finance Ministers for occasional discussions about the Greek program
-12 February: EU leaders summit in Brussels
-16 February: New meeting of the Eurogroup on the situation in Greece
-28 February: End of the current program
-First Quarter 2015: End of March financial needs of Greece reach 4.3 billion. EUR
-19 To 20 March: Meeting of EU leaders
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My suspicion is that the next move will be to the upside - but it's only a suspicion and I'm certainly not going to trade it: it's a 50':50 bet and I try to avoid the casino tables. Last but not least, my slightly bullish bias is not substantiated by the Bullish Percentages, which are neutral/weakish.