Greek PM certain for a positive end to negotiation – TradeTheNews

FXStreet (Barcelona) - The TradeTheNews Team comments that Greece PM’s Tsipras mentioned that he was certain of a positive outcome for the recent bailout negotiations.

Key Quotes

“Greek PM Tsipras said he was confident there will be a happy ending to this week's negotiation, however other EU sources said to have indicated the latest Greek proposals are still missing sufficient detail, making it difficult to disburse new aid.”

“Separately, Greece had reportedly agreed to the sale of Piraeus port assets as part of a reform list submitted to creditors, with estimated proceeds of about €500M.”

“German press speculated "the institutions" (troika) see Greece missing its primary surplus target this year even though the new govt promised a 1.5% surplus.”

EUR/USD sell-off stalls near key Fibo level

The wave of selling in the EUR/USD pair seems to have stalled around 1.0825, which is the 38.2% Fib retracement level of the move from 1.0461 to 1.1050.
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