Greek political leaders meeting delayed till 3pm Athens time from the noon schedule, I’m being told by a UK clearer, but haven’t clocked it anywhere just yet…. Either way EUR/USD’s slipping on the talk…  down to 1.3260 UPDATE: rumour confirmed on Greek TV  (Thanks Steve)

Be interesting to see who wins this battle… We’re at 1.3270 Gerry’s off for the rest of the morning cleaning up his palatial villa in Suffolk

This is what i’ve cobbled together  …. EUR/USD:  Barrier up at 1.3300 offers ahead of it from  1.3280 (BIS included as well as large German bank rumoured to be protecting the barrier). Above here are offers 1.3330/35 which includes the 100 day MA at 1.3334.  Haven’t found anything on the downside of significance just yet. GBP/USD:  [...]

EUR/USD sits at 1.3267,  3 pips down from when I first arrived.  Market scuttlebutt has the “Big German” protecting the 1.3300 barrier interest. I’m off.  Joe “the informer”  Brown will keep you well-informed no doubt Cheerio y’all    

FRANKFURT (MNI) – Germany’s Finance Minister Wolfgang Schaeuble is considering postponing the lion’s share of new Greece aid in order to keep pressure on Greek authorities to reform, the Financial Times Deutschland reported on Wednesday. According to the report, the German finance minister wants to split the new bailout package into two parts. The first [...]

It’s a headline being run by a newswire apparently,  pertaining to a story in FT Deutschland. UPDATE:  Here’s the link Slight dip in EUR/USD on the news, but not much. We’re at 1.3265. Think market’s all Greeced-out……..  

Buy stops I mentioned recently through 1.2110 have been tripped and we’ve been as high as 1.2127 so far, presently at 1.2118. I for one am mighty relieved 1.2000 held firm. You have no idea what a raft of shit I’ll get from Jamie if 1.2000 ever gives out.

Cable up at 1.5920 from 1.5905 when I first sat down. The 200 dma looms up at 1.5937. Unsurprisingly, talk of sell orders clustered up at  1.5925/35 ahead of it. I have no confirmation as yet, but I’d hazard a guess they’ll be buy stops gathering  not far north of said level as well Ohhh, [...]

LONDON ((MNI) – The Bank Of England said Wednesday it was offering an unlimited supply of U.S. dollars in a 7-day operation. The settlement date on the 7-day op was Feb 9 maturing Feb 1 2012. The Bank said the repo would be at a fixed-rate, with the rate to be set at 0.61%. The [...]

DAX up 0.8%.

EUR/USD sits at 1.3267, some 3 pips lower than when I parked my bum in what has been a slow start to the European session. Barrier option interest well-touted up at 1.3300. Mutterings of BIS sales into early rallyette which got as high as 1.3286.  Only another hour to go for me  

FRANCE DATA: 2011 govt deficit E4.5 bln below target at E90.8 bln - 2011 govt outlays -14.2% y/y; 2011 revenues +0.1% y/y

PARIS (MNI) – French economic activity is likely to stagnate in the near term both in industry and the services, the Bank of France said Wednesday, citing the results of its monthly business survey. The central bank projected no GDP growth at all in 1Q — the same estimate it gave last month for 4Q. [...]

I’m so excited. 5 year benchmark 0.75% February 2017 Bobl issue re-opened. Indicative target:  Up to 4 bln Results: Due soon after 10:30 GMT.  

USD/JPY sits at 77.10. US treasury yields have been firming, lending pairing some support. 10 year treasury yield 1.9963%, up from the 1.9769% I jotted down before I went off to the land of Nod last night. Talk of buy stops through 77.15. Personally I dream of the day we see a sustained rally in [...]

Unchanged at 96, as expected.

GERMANY DATA: December sa trade surpl +E13.9bn; November rev +E14.9bn(+E15.0bn) – Federal Statistical Office – Germany December nsa trade surplus +E12.9bn; November rev +E15.9bn (+E16.2bn) – Germany December nsa c/a surplus +E19.3bn; November rev +E14.7bn (+E14.3bn) – See MNI MainWire for details

Pretty much in line with Reuters median forecast of 14.0 bln.

Slightly better than Reuter’s median forecast of 3.5%. Seasonally adjusted rate 3.1%, as expected  

Love him or loathe him, latest from AEP at The telegraph.