Up from 87 in March and better than Reuters’ median forecast of unchanged 87.0. New session high for EUR/USD at 1.3176!!! Yipeeeeee It’s all taking place in slow motion again though Conviction? Not a lot…….
Up from final 46.7 in March, pretty much in line with Reuter’s median forecast of 47.2 Flash services PMI 46.4, down from final 50.1 in March and weaker than Reuter’s median forecast of 50.2. European stocks meanwhile coming under accelerated pressure, … Continue reading
Presently at 144 bps from the 138 bps I jotted down first thing. Mon Dieu!!! EUR/USD very marginally easier, down at 1.3183 from 1.3195 when I first sat down. Talk of some sell stops through 1.3175.
‘Expected triumph of Francois Hollande could shift balance of power in European Union’
‘Jacques Chirac once joked that Francois Hollande, the bashful Socialist pup sent to challenge him in his rural power base, was less well known than Francois Mitterand’s labrador.’
From the 140 I jotted down first thing. Highest since January 9th. EUR/USD down to 1.3130.
Got it in one pumpkin. And there’s the problem. ECB should cut interest rates ECB should lend money directly to states I just can’t wait for this guy to become French President. It’s gonna be a hoot
A rumor of an imminent downgrade of France has been making the rounds. According to a ‘senior French source’ cited by Reuters, the rumor is untrue.