www.bforex.com: Nervous Sentiment Abound

The EUR/USD pair has remained devoted to its range the past few weeks although experiencing volatility daily.

The E.U. has long rejected any chance of a Greek restructuring, but word is starting to come out that a possible 'rollover of debt' is now being talked about by governments and banks.

Consequently Greece can probably stretch the schedule of its debt payments in various ways.

Such a decision will not arrive overnight, but the question is just how long the E.U. and Greece are able to keep up their 'confidence game' for investors.

Global equities continue to be cautious and safe haven trading continues to be visible, this whilst commodity markets - besides Forex - have seen swift trading.

The U.S. also discovers itself generating poor economic data. Yesterday Personal Spending showed a drop in the U.S.