EUR/USD and GBP/USD have clawing their way back for overnight lows but despite USD selling on the C/WB deal and ongoing concerns of more financial market chaos neither have caught an aggressive bid. Seeing lots of retail chatter calling for cable and the euro to rally sharply I also note with great attention (sorry Trichet), a sense of major concern from the EZ talking heads crossing the wires.
It ain’t over ’til its over and the fat lady sings.
Crude oil, coincidentally is is down more the $5.50 and XAU is oddly subdued only slightly higher than Friday’s close.
