One of the least exciting days in recent memory. Looks like every one is waiting for the “Day of Rage” on Friday before going in to the markets whole hog. Smart money seems to think Saudi protesters will be polite since unrest in the Kingdom is less acute than elsewhere in the region given the financial resources the Royal Family has brought to bare to keep the peace in recent years. We’ll find out for sure come Friday.
EUR/USD is bid on dips toward 1.3885/90; offers on rallies to 1.3930/40. USD/JPY is 83.55/95, and cable is 1.6170/20.
