Greek Crossing The Dual Hurdle of Successfully Negotiating a Deal With Its PSI Creditors

All time high maybe, we reported that General Rise In Risk Appetite May Keep Buying Interest Alive, we predict the major U.S. index futures are pointing to a higher opening on Wednesday, with sentiment still optimistic over Greek crossing the dual hurdle of successfully negotiating a deal with its PSI creditors, this condition supported by internally agreeing on the proposed austerity measures to avail financing from the Troika. That we has reported on previous news

However, Earnings news has been mostly positive. Many traders predict optimism over Greece has set in motion buying in risky bets and commodities, including oil, and the euro. But we must see, in the absence of any compelling catalysts, markets could go about in a lackluster fashion, given the overbought levels at which they are trading.