FXStreet (Barcelona) – The Research Team at ING note that the Eurozone might in for further Greece drama and ECB communication for the next week.
Key Quotes
“In the Eurozone, market participants are still digesting Mario Draghi’s words at the last press conference. While a new bond sell-off started during the press conference, we interpreted Draghi’s words as dovish rather than hawkish or “taperish”. More ECB communication will be needed to really guide market expectations.”
“Obviously, Greece will continue to spook markets next week. Our basic assumption is still that there will be a deal eventually. However, we have to admit that both the Greek government and Eurozone creditors are making this call closer, almost by the day.”
(Market News Provided by FXstreet)