Macro Morning: Greek hopes

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By Chris Becker

Last night, speculation regarding a possible compromise on Greek debt sent stocks up and Greek bond yields down while oil and other commodities were smacked down again. With only one day left before the emergency EuroGroup meeting tomorrow time is running out but the optimists seem to be winning here.

In Europe, continental bourses were up around 1% or so with the German DAX rebounding off its critical support line:

Chart DAX30, H4, 2015.02.10 20:42 UTC, VantageFX Pty Ltd., MetaTrader 4, Real

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