No immediate relief for Greek government – Blueprint Capital

FXStreet (Barcelona) - The Blueprint Capital FX Team, notes that the Greece fiasco with its creditors continues, with the country due to run out of cash soon.

Key Quotes

“Negotiations in Athens continued over the weekend haggling, in this case with creditors over economic reforms, but there appeared to be little success.”

“Creditor nations are demanding Greece implements reforms in order to access EUR7.2bn in undisbursed bailout funds but Athens is resisting at what it calls “recessionary measures” like cutting pensions or relaxing labour laws. The money is due to run our April 20th…”

Net bearish positions on the 10-year Treasury futures rose to 2-month high

The data released by the Commodity Futures Trading Commission (CFTC) on Friday, speculators sharply increased their overall bearish positions on the 10-year Treasury note futures last week.
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EUR/USD likely to attack 1.08

EUR/USD moved farther from 1.09 handle and extended its downside momentum in the European morning, as Greece worries return to the spotlight amid a dry EUR calendar and broad UD strength.
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