if these puppies were going to rally they would have started by now. it looks as though the final hour may end badly as we trade down 340 points with 75 minutes left in the session. EUR/JPY trades back below 150.00 and EUR/USD below 1.4200. Aussie, a big beneficiary from short-covering this morning, is back on the defensive, trading in the 0.8040s after a squeeze to 0.8100.
Goldman is under heavy pressure late in the game, down $20 or 13% the day before they report earnings.
