When I arrived…….

EUR/USD sat at 1.2700.

More than three hours later and we’re at………..1.2700.

Hedge funds have been selling into rallies.

Middle Eastern sovereigns have been buying into dips.

Result……….impasse.

Market could do with a few juicy tape bombs to give it some momentum.

Personally I’d like to see the middle eastern sovereigns disappear. Would be nice to get a poll call right for a change.