EUR Trading Outlook (12-02-2015)

EUR/USD opened NY 1.1304 -18 pips vs last night’s close, having traded 1.1289/1.1331. NY continued with a similar attitude, traded 1.1280/1.1321 and hands off to Sydney c 1.1302. Event risk from the Greek debt discussions is uppermost on everyone’s minds and no one is adding to risk exposure until we get some firm indications on how they’re going to go down. Positive remarks from the OECD after chatting with Mr Tsipras buoyed sentiment but negative comments from the German camp negated them. The talks are not likely to get far tomorrow as the G20 meeting is focused mainly on E.Ukraine, terrorism/ ISIL, ISIS, Boko Haram et al. We’re probably not going to hear much until next week according to media reports.