• Situation in euro zone has calmed down but still not normal, Spanish and Portuguese bonds fragile

Merkel confirming recent media reports. EUR/USD touch firmer at 1.3253. Hey back to where we started out, yipeeee

:)

UPDATE: Reports of decent sell orders circa 1.3260.

Can’t we just take them out and rally above 1.3300? The change of scenery would be nice, if nothing else

;)