19 Feb 2015
EUR/USD: Weighed by a new chapter in Greek novel - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that the EUR/USD pair edged lower in range this Thursday.
Key Quotes:
"...weighed by a new chapter in the Greek novel. Earlier in the day, the country presented a request for an extension not to the current bailout program, but the "Master Financial Assistance Facility Agreement", and the Eurogroup announced it will discuss it in a special meeting, scheduled for this Friday at 14:00 GMT."
"But as fast as the letter was presented, Germany rejected the petition for a six-month debt extension, as "the letter from Athens offers no substantial solution" as it resembles the ´loan bridge´ already discussed last week. Fundamental data in Europe showed an improvement in the Consumer Confidence, while the first-ever Minutes of the ECB revealed nothing new."
"In the US, the Philadelphia Fed Manufacturing survey ticked down to 5.2 a one-year low, although the weekly unemployment claims for the week ending Feb 13 shrunk to 283K."
Key Quotes:
"...weighed by a new chapter in the Greek novel. Earlier in the day, the country presented a request for an extension not to the current bailout program, but the "Master Financial Assistance Facility Agreement", and the Eurogroup announced it will discuss it in a special meeting, scheduled for this Friday at 14:00 GMT."
"But as fast as the letter was presented, Germany rejected the petition for a six-month debt extension, as "the letter from Athens offers no substantial solution" as it resembles the ´loan bridge´ already discussed last week. Fundamental data in Europe showed an improvement in the Consumer Confidence, while the first-ever Minutes of the ECB revealed nothing new."
"In the US, the Philadelphia Fed Manufacturing survey ticked down to 5.2 a one-year low, although the weekly unemployment claims for the week ending Feb 13 shrunk to 283K."