[B]Intra-Day Market Moving News and Views
24 Mar 2015[/B] [I]08:01GMT[/I]
[B]EUR/USD[/B] - … Despite a brief retreat from 1.0953 to 1.0943, renewed buying emerged above Asian sup at 1.0904 n lifted price from 1.0907 to 1.0964 in European morning.
At the moment, stops locating just above yesterday’s high of 1.0972 are now in focus, however, more selling interest from various accounts are placed at 1.0990-00, 1.0915/20 and then 1.0930-40.
On the downside, bids are various accounts are building up from 1.0930 down to 1.0900 with mixture of bids and stops emerging below 1.0880.
Earlier Reuters reported Greece will present its proposed package of reforms to its euro zone partners by next Mon in hopes they will release much needed cash, its gov’t spokesman said on Tuesday “It will be done at the latest by Mon,” gov’t spokesman told Mega TV.
Greek PM Alexis Tsipras met with German Chancellor Angela Merkel in Berlin on Monday but it was unclear if they had narrowed differences on economic reforms Athens must implement to win urgently to get fresh aid fm its creditors.
Sakellaridis said the package of reforms Athens will propose will not contain recessionary measures but structural changes. He said Tsipras and Merkel on Mon discussed the outline of the reforms but did not go into depth. “I believe points of convergence were found,” Sakellaridis said.