EUR/USD, Trichet Leaves Early For ECB Meeting, Stiglitz Says No Default For US, UK

News was jumping tonight on sovereign debt issues.  A catalyst is coming soon for Greece debt, CDS and the Euro. Whether the ECB (or someone else) steps in or not, watch the Euro trade against the US Dollar. On 2/1/2010 I looked at EUR/USD using a Screenr video when it was trading at 1.3912 and it looked like it would hit 1.35 support without an upside catalyst. It hit 1.358 yesterday and since then rallied up to 1.366.  Is Euro weakness priced in or just getting started?  We'll see.


Trichet Leaving Sydney Early to Attend EU Meeting (Correct)(Business Week)
Trichet leaves early to attend crisis meeting (ABC)
Greece Says Call for Aid Would Send ‘Worst Signal’ (Update1) (Bloomberg)
The Ever Increasing Parallels Between AIG And Greece... And The CDS Puppetmaster Behind It All (Zero Hedge)
Goldman Sachs’ response to The New York Times article on AIG (Goldman Sachs)
Euro ‘January Effect’ May Signal Drop, MIG Says: Chart of Day (Bloomberg)
Euro Near 8-Month Low Against Dollar on Greece Fiscal Crisis (Bloomberg)
Australia Sovereign Risk Nears 9-Month High on Greece Debt Woe (Bloomberg)
Stiglitz: It's Time To Go "Sparta" On Evil Greek Speculators (Business Insider)
No Exit in Sight for U.S. As Fannie, Freddie Flail (WSJ)
Ayatollah Khamenei: Iran Set To Deliver Punch That Will Stun The West (Business Insider)
Stiglitz Says U.S., U.K. Default Is ‘Absurd’ Investor Notion (Bloomberg)
Portugal, Greece, Spain default worries rise (Market Watch)
Two Hedge Funds One Bank? Is There A Concerted Effort To "Destroy" Greece? (Zero Hedge)
Pimco’s El-Erian Says 2010 Will Be About Sovereign Risk (Business Week)

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