ECB’s Trichet says aim should be to cancel out excessive market swings caused by ratings
- Preferable to have more than three ratings agencies
Meanwhile back at the ranch EUR/USD remains busy going nowhere. At 1.2595 basically where it stood at the North American close Monday.
Euro zone economic data today:
German wholesale price index for June expected +0.2% m/m, +5.5% y/y
06:45 GMT: French CPI for June expected flat m/m, +1.5% y/y
09:00 GMT: German ZEW survey for June; economic sentiment expected 25.3 from 28.7
Buy orders noted 1.2550 and decent sized at 1.2480/00 including sovereign interest, stops through 1.2540. Sell orders 1.2630/50, stops through 1.2660

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Hi Gerry Hope all is well and the infestations are under control ! Have a good session, Regards DH
Hi David,. Man came and drowned the house in some sort of spray yesterday and hope that will improve things. Few more bites since but not as many so hopefully we;re going in right direction. Pleasant evening
hihi frds, can anybody tell me what time is the Greek T bill auction results out?
Around 09:15 gmt
If ratings are a problem maybe the EU an should follow the Chinese and set up their own ratings agency…