- Germany coalition partner opposes more time for Greece - Der Spiegel via MNI
- Dutch FinMin: Not a good idea for Greece to take more time for budget cuts and reforms
- PIMCO’s EL-Erian doubts ECB will actually try to cap bond yields - Business Insider
- Jackson Hole to create euro rally – Seeking Alpha
- China bubble in ‘danger zone’ warns Bank of Japan – AEP at The Telegraph
- Three thorny paths to saving the euro - Der Spiegel
After yesterdays bit of excitment we’ve slipped back into the doldrums and then some
EUR/USD presently at 1.2462, a whole 8 pips lower than when I arrived. We did attempt a rally but that didn’t get very far.
Sell orders well documented up at 1.2480/00 ahead of 1.2500 barrier option interest and we duly topped out at 1.2479. Reports of buy stops through both 1.2500 and 1.2510, take your pick. Light trailing sell stops said to be gathered through 1.2440.
USD/JPY unchanged at 79.27.
Cable unchanged at 1.5790
AUD/USD down at 1.0440 from early 1.0458. Thank goodness for AUD/USD!! Release of poor BHP Billiton results, showing 35% fall in H2 profits, didn’t helped aussie’s cause any.
