Now that one of the ECB council members has spoken out, let's hear what the others have to say.

Dutch central bank president says Greek default is ‘one of the scenarios’

It sounds to me like the EFSF will be a eurobond under a different name. The only difference is that the money raised will only be used an an emergency buffer and not to spend willy nilly.

ECB Ready to Act if Outlook Deteriorates: Coene

Hmmm. Perhaps the Vatican will buy some EFSF bonds. Could be interesting.

Merkel Consults With The Pope On Financial Crisis

Dow getting a bit of a bounce now. Short coverings.

The Dow sets a new low for the year of 10,601

The lower the better. I like to buy cheap.

Gold Glitter Gone – 5 Reasons for Gold Bugs to Hide

According to my charts, this year's low was 10444 reached on 9th August Mind you, that was during overnight futures trading.

The Dow sets a new low for the year of 10,601

They are still choosing JPY because the BOJ has not taken the appropriate action they so many times have boasted that they would. They are like the boy who cried wolf. Nobody takes them seriously any more. Until they do it right and cost some JPY ...

Yen Approaches Record Highs as Haven Flows Slam Risk Currencies

expect a major correction which is long overdue. I call 1580.

Gold Glitter Gone – 5 Reasons for Gold Bugs to Hide

I must admit the momentary surge caught me by surprise until I saw this headline. Total nonsense.

Euro, Stocks Soar On FT Report EU "Looks To Swift Recap" Of European Banks

What? Soars? Hardly. At least not yet anyway.

Euro, Stocks Soar On FT Report EU "Looks To Swift Recap" Of European Banks

LMAO

Japan's Azumi says Japan will take decisive action against excessive JPY rises

This is the same old big bark and no bite. Or as someone else on here so eloquently put it. Kamakazi attack followed by a fade out.

Japan's Azumi says Japan will take decisive action against excessive JPY rises

we already are in a retrace. Question is how far it will go before the anticipated "great fall"

EU officials expect Greece to default but stay in eurozone

Also, on the 5 min and 1 min charts, 1.3495 is just above the neckline of an inverted head/shoulders. If this inverted H/S pattern does what it is supposed to do (it doesn't fail), then we will most likely see the 1.3585 level before a continuation ...

EU officials expect Greece to default but stay in eurozone

Yao, an orderly default by Greece is already baked in. What will take the euro further down now is when it retraces back up to the waiting sell limit orders. On a technical level, I project that at approx 1.3495 and failing that, approx 1.3585

EU officials expect Greece to default but stay in eurozone

Sounds like you're talking about an inkjet printer with a full cartridge.

Fed getting more worried about Europe

if it breaks 1.35 resistance, then look for a reversal when it hits 1.3580, but I doubt it will go that far. It would take another rumor.

Rumor Of FX Swap Line Rate Cut Is Euro Hail Mary

1.3700??? you mean 1.3470 right? Actually current swing high is 1.3482

EURUSD soaring on rumor FRBNY swap line rate to be cut

You should follow your own trading system. If you don't have a system of your own, you should not be trading. However, the overall sentiment (at least in the short term) is short.

Rumor Of FX Swap Line Rate Cut Is Euro Hail Mary

I have a new "on-line" headline that will move the markets and get this euro short over in a hurry. "Rumor that Greek PM Papandreo in considering calling a snap election over the weekend"

Rumor Of FX Swap Line Rate Cut Is Euro Hail Mary