An ECB spokes person says it is normal for Draghi to talk with council members before monthly meetings.
No shit.
The news is not that Draghi spoke with Weidmann, the news is that he is going to take an ALL OF THE ABOVE approach to fighting the sovereign debt/banking crisis.
If you’re short and you don’t cover on this pullback, you’ll have no to blame but yourself.
1.2390 was the high on the rally. Looks like 1.2400 is being defended fairly stoutly. EUR/USD trades now at 1.2330 in volatile trade.
