Downbeat comments from Goldman analysts highlighting the increasing speed of Citigroup’s credit losses is also weighing on markets so far today. It looks like the honeymoon Q1 period for US banks is now over, at least in the market’s eyes, with the moratorium on House Foreclosures now at an end and realtors increasingly worried over a new spate of foreclosed homes hitting the market, Q2 and Q3 could be a different proposition entirely.
Eur/Usd stands idly at 1.2970 after a brief pop up into the mid 1.2980’s
