Where I come from at times like these we like to use the phrase “Harold has arrow in eye”
Or maybe even “No shit sherlock”
EUR/USD sits at 1.3550, effectively unchanged from when I sat down.
Reports of sell stops gathering down at 1.3515/25 (just below Asian low, makes sense) and bigger through 1.3495.
- Irelands’ credibility will improve if it ramps up austerity measures (and we wonder why bankers are roundly loathed)
- Inevitable there will be a period of severe restructuring required in Greece
