The week is ending on a soft note, at least in Europe, as EUR/USD pulls back to the 1.4209 level. Oil continues to slide, down almost $2.50 on the day at 68.00, Gold has given up a quick $10 in the last hour or so to $943 and stocks continue to give back gains, sliding below the 1,000 level on the S&P.

The one thing you can say for the price action today is that it conforms to the usual risk-off scenario.