Banks are being bashed at the open with stocks sliding back toward levels last seen in the 1990s. If this keeps up I’ll be blogging about markets until I’m 80…The S&P is down 1.7%.
EUR/USD is finding some buyers in the 1.2560 area. Having lived through a 250 point bounce from 1.2515 once this week, dealers are reluctant to push too aggressively to the downside in EUR/USD, especially ahead of a weekend.
Expect protection of 1.2500 barriers should EUR/USD start to slide toward the 1.2515/20 region. EUR/USD trades at 1.2581.
