The Traderszone Network

Currently 1.5497 being pinged around a little by EURGBP again
Offers 
1.5520-25 1.5550 1.5580-85 1.5600 1.5625
1.5650
 1.5680 1.5700-10
Bids 

BOE dep gov back on BBC radio after his
earlier comments
– inflationary pressure will be low in next 6 months
– doesn’t view housing market with great alarm
Still not in a rush to raise rates imho

Softer opening for European markets
– FTSE -0.2%
– DAX -0.3%
– CAC40 -0.2%
– FTMIB -0.2%
– IBEX -0.2%
China’s CS 1300 Index closes up 2.0%  Shanghai Comp Index +2.3%

The armoury keeps growing for the Swiss National Bank but it’s not without its if the franc keeps appreciating
consequences
Seems to me though like the SNB are making a big effort to eat into that H1 loss in recent weeks

BOJ maintains view that it can achieve 2% inflation without extra action, brushing aside a slowing economy and near-zero price growth as temporary developments.
read more

The Greek stock exchange opened after a five-week hiatus on Monday and, as expected, the results weren’t pretty.

Pure genius. I couldn’t make it up
– oil prices could impact on inflation
Kuroda- the gift that keeps on giving
Some one let me know when he starts the Q&A