Irish FM: “Unthinkable” that Irish banks would default on senior debt
Ireland continues to damp down speculation from late last week that huge debts at state-owned Anglo Irish Bank will lead to an inevitable default. Fin Min Lenihan expects Q3 GDP growth to re ‘reasonable”, Reuters reports.
EUR/USD is consolidating gains in the 1.3420s, trading in nervey fashion. Traders say liquidity is quite thin and ten-pip gaps in prices are the norm today…

AUTOREFRESH 













hi,
liquidity part makes sense. one minute bid was 1.3406, next instant it jumped to 1.3420. am stayin on the sidelines. have a small long on gbpusd..to tracking that one..
Jamie, is liquidity thin due to some of our asian friends having the week off or am I mistaken?
Could be rance…may just be that they guys who need to sell have already sold and the guys that need to buy are having to push prices higher to induce sellers…I think longs are pretty content so long as prices are rising…may be more willing to sell once the rally cools…that’s usually the way these things work…