One of the financial TV programs is all “shock and awe” today that Greece had to pay 4.55% in the 26-week auction and 4.85% in the 52-week auction after – wait for it – after paying just 1.38% and 2.2% respectively in the last auction back in January. Hello I think we have moved on a little in terms of Greece since JANUARY! What should be taken into account is that today’s auctions results are below the 5% EU/IMF loan package rate and the fact that Greece would have been paying between 6 and 7% if this auction had taken place last week. How much money do they pay these people! January. This little rant of course is not going to help our EUR/USD trading. We might need to wait until after NY option expiry time when a big 1.36 digital expires.