Euro dollar is quite stable in range. Different reports about the participation rate in the Greek bond swap paint a confusing picture. The current, movable deadline, is Thursday for the bond swap results and Friday for the approval. The unmovable deadline of Greek bond payments is getting too close. A credit event hasn’t been triggered yet, but is certainly on the cards if Greece will indeed exercise the CACs.
Here’s an update on technicals, fundamentals and what’s going on in the markets.
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/eurusd-mar.-6-calm-before-the-psi-storm/"]EUR/USD - Calm Before the PSI Storm?[/URL][/I][/B]
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