(1-15-15) In Greece an alleged deal has been reached between Greece (the debtor) and the so-called Troika (the creditors) -- the European Union (EU), the European Central Bank (ECB) and the International Monetary Fund (IMF) -- but it is far from a fait accompli.
Greek Prime Minister Alexis Tsipras has to get the Greek parliament to vote on it without amendments, and then it has to go through the German parliament then the problem is the rest of the 18 EU nation-states -- essentially without any tangents.
Meanwhile the Europeans keep saying they could have this done by the end of the week -- but they're dreaming. In terms of market impact however, markets have already responded based on the concept that everything that can go well with the deal has gone well.
Thus from the markets' perspective here on out, the only thing out there is the potential downside, meaning that some monkey wrench could get thrown into the situation over the next few days which would cause the deal to unravel.