Greece debt talk drags on as private creditors don’t want to take a haircut. We were supposed to have results last Friday and now we are supposed to have result by February 1st. The EUR/USD has dipped below 1.30 and we will see if the EU members can continue this correction in the Euro. There have been several mentions of “selective default” for Greece.
Tomorrow we have statements by the FOMC as well as Draghi. Watch for any rumors that will shift the market as the macro trend remains bearish, but short to medium term we have seen the Euro continue its correction.
