As Asian markets prepare for the new trading week ahead (6
PM EST Sunday evening US East Coast time), the euro is above 1.14. Dollar/yen
118.64. Pound 1.5412. Aussie dollar 0.7773. WTIC oil 53.35. Brent oil 62.12.
Natural gas 2.79. Gold 1228. Silver 17.32. Copper 2.60. Vietnam and Taiwan
markets are closed due to the Lunar holiday. Trading volumes across Asia are
expected to be light. China will begin the New Year’s celebrations for the
“Year of the Sheep” (humorously dubbed the Year of the Sheeple) from Wednesday
forward.
The Aussie SPASX200 teases at record highs. Japan’s Q4 GDP
is +2.2% missing the more robust +3.7% expectations.
[Text is Redacted: Purchase February 2015-02 to Read the Complete Chronology]
Greece bailout talks breakdown in Brussels wrapping up far earlier than expected. Greece will not agree to a policy that extends the current bailout program for six months so the talks are at a stalemate. Greek’s are beginning to withdrawal more cash from banks again so capital controls may be imposed (a limit on the amount of daily withdrawals). The ECB plans to announce on Wednesday how long the emergency funding will continue for Greece.
[Text is Redacted: Purchase February 2015-02 to Read the Complete Chronology]
Greece bailout talks breakdown in Brussels wrapping up far earlier than expected. Greece will not agree to a policy that extends the current bailout program for six months so the talks are at a stalemate. Greek’s are beginning to withdrawal more cash from banks again so capital controls may be imposed (a limit on the amount of daily withdrawals). The ECB plans to announce on Wednesday how long the emergency funding will continue for Greece.
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