More tallk of large buy orders .9500/30 with local banks and corporate interest seen. Option barrier to be protected at .9500 also.
EUR/CHF continues to be bid so it looks like CHF is not needed as a safe haven today. EUR/CHF has retraced the entire range from yesterday’s sovereign debt warning and is now back above 1.2900. Market seems to be reassessing the S&P move and all is well again. Amazing what a lot of liquidity can do. All the worries are washed away.