EUR/USD - I reckon this is nothing, but it really could be something nasty

On Tuesday the German constitutional court are going to hear further arguments regarding Germany's role in the Outright Monetary Transactions (OMT) program

Ryan has posted up on it, here: Who fancy's a hot date in Karlsruhe tomorrow?

Ryan noted:

I shouldn't think there is much market interest in this but we should be prepared for some headlines that could move the euro, particularly if they focus on Germany having a limited role in the program or that the court strongly disagrees with the ECJ ruling and sides with the those bringing the cases.

He is right. Be prepared. It could well be nothing (my tip), but if its something it could be a nasty something.