European stocks are coming under accelerated selling pressure, helping pressure EUR/USD. We’re presently posting session low 1.3580 as risk aversion picks up. Oil off three quarters of a buck, gold near session low.

Earlier there was talk of sovereign buy interest from 1.3585 to 1.3570, including apparently China. Lets see if they turn up as scripted.

Elsewhere cable down at 1.4960. Earlier there was talk of sovereign bids down around 1.4950.

Seems like market against the sovereigns, just for a change.