It was a story of “The Good, the Bad and the Ugly”, except I’m still looking for the Good.
The Bad (in brief):
- Factory orders in Germany for June fell … OK then, they collapsed.
- Italy slipped back into recession (Hello, old friend)
Ryan had these covered as they were announced, the links can be found in the European session wrap … and what a sorry tale that is.
And, it didn’t get better. USD/JPY copped a thrashing: Flash crash: What just happened to the US dollar?
Meanwhile the USD suffered losses pretty much across the board.
On the bright side, if you’re waiting for a bounce to sell EUR/USD … well, is this all yer gonna get? Comments welcome (as always).