Its 10 AM and guess where price is?

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That's a good reason to get a cat.

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Pimco joins the growing chorus calling for a 25 BPS cut at ECB meeting this week

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Good Post... image

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Stops below 2580 reprted -- reports they are being protected by big players

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Some clearity coming in now about rejection of bond buying by ESM -- ESM bond buying requires unanimous approval of all 17 Eurozone countries -- This makes it possible for just one country -- Finnland to reject bond buying and scuttle the whole ...

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I dont mention it as a catalyst -- I mention it as possible support

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The Finland rejection of Bond purchases being picked up and run on other wires -- this happens-- they repeat the same story for the US market -- I think the length of the drop has more to do with taking out the range bottom -- Its just the same down ...

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There is an option expirey here at 1.2600 for the 10 am NY cut

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What I''l be looking at with NY coming up -- The S&P 500 hit key resistance Friday in the Hopium move following the summit ... It had made a run at this level out of a reverse head and shoulders only to get turned back... Now it sits just below this ...

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EU commission says direct recap of banks by ESM would NOT require a change in ESM treaty -- this is supportive of Euro, but shows the lack of any finalized agreement as Finland, Netherlands and Germany are giving out contradictory news releases.... ...

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EU just says no date set for memorandum of Understanding --

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Good local color -- thanks image

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Germans are saying they did not create a new instrument to save banks directly -- seems to be walking back the direct injection of bank capital by ESM story that was the result of the summit

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Dutch do not like bond buying and will decide on a case by case basis - dutch fin min spokesman

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No -- its too difficult to monitor all the wires and releases by one person -- I subscribe to a service that has a team of FX people monitoring all the wire services, and other information sources.. like reported trades or stop levels -- and they ...

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I get it as it happens -- I pay for it and share it here if I think it will move markets after I have traded and had time to type it in. --

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Finland and Netherlands to block ESM Bond Buying --- bearish

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Big offers touted at 2680

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