Tuesday, February 7, 2012

Greece Moving the Market

As expected, Greece is the fulcrum event of the day, maybe the week, maybe longer. The Euro and thus the market have gained this morning...

 The US open and the Euro moving up on news that Greece and the Troika representatives are drawing up a final draft of the terms for a bailout or the next tranche that Greece needs so badly.

This has lifted the market off earlier nearly .60% losses, however, this is a draft of the conditions that need to be met, the document still needs to be agreed on by the Greek coalition government later today, that is the main event. As you can see both early volume to the downside and volume since is already much heavier then yesterday.

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