The Word on the Street

All we need now in the absence of any scheduled data releases for today is something completely unexpected to shake the euro.
 
Short term FX punters who missed the sterling rush on the BoE MPC minutes earlier today are now lining up their limits on the usd for the Fed FOMC minutes release in 45 mins time. They'll be joined by those who didn't miss the sterling rush, but were on the wrong side of it and those who were on the right side but want a chance to give it all back.
 
On the totally remote off chance the usd takes on a little strength the action might not yet be over for cable today. If the 5270 support does get taken out, there's 5228 and even 5180 to put a sight on.
 
The German president of the European Parliament (Martin Schulz), once compared to a Nazi concentration camp guard by former Italian prime minister Silvio Berlusconi, warned Italians on Thursday not to back the scandal-ridden media tycoon at the ballot box. - Reuters.

EU politburo wonks not sure which side of the fence to jump. If Schulz is not decommissioned it's implicit acceptance of EU meddling in sovereign state politics. Who'd have thought?
 
Short term FX players lining up for weaker US dollar on the upcoming CPI data. Which is kind of weird.
 
With Cyprus increasingly looking like it's going to come under significant EU scrutiny before bailout cash is given, offshore Roubles quickly finding a new home and a warm welcome ME hub.
 
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