• Must increase economic growth to boost jobs
  • Calls for unemployment benefits to be extended (again)
  • Financial regulation will provide certainty for markets, consumers.

With the fiscal spigots becoming politically poisonous, look for Obama to try and muscle Bernanke into another round of quantitative ease.

Traders report some real money buying of EUR/USD in the run up to the 15:00 GMT fixing, for what it’s worth…EUR/USD trades at 1.2170.