As Emilio points out – I for one cannot read Spanish- there is no mention of a general strike in the local newspapers in Spain today. It may have been an “off-the-cut” comment from the union official Toxo earlier tonight that spooked Euro longs but without confirmation, the market may have overplayed its hand. There is little doubt that stocks have sunk on the EUR/USD move lower, especially US futures so perhaps we should be on guard for a buyback during the NY session as Emilio’s news filters out.