• If Portugal needs help, we have the instruments to do so

Interesting little clash going on. Increasing worries about Portugal versus increasing speculation ECB will tighten monetary policy soon.

EUR/USD sits at 1.3625, with aforementioned hedge fund sell interest up at 1.3645/60 so far providing barrier to accelerated topside. More sell orders seen clustered up at 1.3700/10. Just soes you know incase EUR/USD catches fire again. Personally I’m hoping it doesn’t as my fingers are getting kinda tired.