Did you think they’d run for the hills screaming?

Well apparently not. Picking up talk of hedge fund sell orders above 1.3000 in EUR/USD. We sit presently at 1.2980 having been as high as 1.2988 so far. Personally I’d love to see the hedge funds get blown out of the water, but hey ho there we go. Helps explain some of the evident caution in early European trade.

Greek stocks have opened up a hefty 7.2% in wake of euro zone rescue deal.

Greek 5 year credit default swaps fall to 657 vs 915.5 at Friday New York close.