Well didn’t they do well. Good game, good game. We’re touch lower at 1.2792. UPDATE:  Also hearing real money seen selling around 1.2800, but we’re not a lot lower when all said and done. At writing we’re at 1.2793. Risk has been on this morning; European stocks, gold, oil, US treasury yields all firmer. Yada, [...]

We’re at 1.2787 from session high 1.2803.

Still all a bit sparse, but have dug up the following bits and pieces so far… EUR/USD: Bids 1,2760/65  and 1.2745/50 (BIS seen at 1.2762  and 1.2745 earlier),  Offers 1.2800/05 (BIS/real money), buy stops  1.2810/15 ahead of  decent offers at 1.2830 GBP/USD: Buy stops up 1.5530, tech resistance above  1.5550/60. tech support  1,5450 and 1.5420/25 [...]

They mean business I tell ya. EUR/CHF relatively steady at 1.2125, marginally firmer from the 1.2110 I walked into first thing.

Well talk of buy stops gathered up in 1.2810/15 area, before decent sell orders around 1.2830. In fact was earlier hearing reports of “smart” name lined up on offer at 1.2830.   

In EUR/JPY.  We’re presently at  98.25.

EUR/USD has extended recovery to 1.2785 at writing. Back to where we started What a load of old cobblers!!!!

Dutch State Treasury sold  Euro 3.105 bln ( out of a target of Euros 2.5-3.5 bln) of 0.75% coupon April 2015 DSL’s. Yield 0.853% with an average price of 99.67  

Just been told by a reliable source that sovereign sellers now lurking  in the 1.0305/10  area, but so far having little impact with  rate steady around 1.0305. Offers are seen up at 1.0340,  and 1.0360/80 ahead of the 200 day MA at 1.0414. . Bids are in place down at 1.0280/90

AGAIN. This time seen on the bid at 1.2762 apparently. We’re up at 1.2765.

Expects euro zone to muddle through crisis German AAA rating is safe Does not expect to downgrade France in 2012 Euro countries under review could be downgraded by one or two notches A more “activist” role of ECB would improve situation in euro zone Reuters reporting. Not sure what to make of that little lot. [...]

In mid-40s. We’re presently at 1.2750 having been as low as 1.2743.

–Adds Results From Quarterly Survey Supplement PARIS (MNI) – French economic activity is likely to stagnate in the services in the near term and recover only slightly in industry, the Bank of France said Tuesday, citing the results of its monthly business survey. The central bank confirmed its projection for no GDP growth at all [...]

Being told UBS out with a trade recommendation in EUR/USD Short EUR/USD at  1.2755,  stop loss 1.3050, target 1.2250. We’re presently at 1.2755 having been as low as 1.2743. Leveraged sellers noted in this latest downdraft.

Stronger than Reuters’ median forecast of flat. Manufacturing industry output +1.3% m/m.

FRANCE DATA: Nov industry output +1.1% m/m; Oct +0.1 m/m (flat) – Above expected; MNI analysts survey median forecast -0.3% m/m – Oct-Nov industry output -0.7% vs 3Q average; 3Q +0.6% q/q – Nov mfg output +1.3% m/m after Oct +0.2 m/m (flat) – See MNI MainWire for details

PARIS (MNI) – French economic activity is likely to stagnate in the services in the near term and recover only slightly in industry, the Bank of France said Tuesday, citing the results of its monthly business survey. The central bank confirmed its projection for no GDP growth at all in 4Q. The national statistics Institute [...]

1) Dutch State Treasury Agency launches new 3 year benchmark 0.75%  April 2015 DSL Target size 2.5-3.5 bln. Result due around 09:20 GMT 2)  Austrian Federal Financing Agency due to tap 4.00% September 2016 RAGB and 3.65% April 2022 RAGB issues. Total combined target size 1.32 bln.  Results due around 10:10 GMT 3)  Greece’s debt management agency [...]

To discuss tax with German counterpart Thursday Elsewhere, French Budget Minister Pecresse Planned welfare financing overhaul would raise the VAT rate

Back on Friday we had a poll: what’ll we see first 1.2600 or 1.3000. I bet many of the euro bears thought they’d nailed it. But not soooo fast, here we are back up at 1.2795. In the last poll we were pretty much even-stevens in the voting, as I remember a small majority in [...]