EURO-DOLLAR: Slippage extends to $1.2858, with rate seen meeting option linked demand between $1.2860/50 which has so far soaked up any stops trigger sales.

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5 January 2012

EURO-DOLLAR: Slippage extends to $1.2858, with rate seen meeting option linked demand between $1.2860/50 which has so far soaked up any stops trigger sales.

Stops resume below $1.2845. Rate retains a heavy feel, with recovery efforts remaining shallow.

European stocks open: FTSE 100 5,648 -20.27 -0.36%, CAC 40 3,169 -25.03 -0.78%, DAX 6,087 -24.31 -0.40%

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