Hump Day

That’s the term often used for Wednesday…as in over the hump of the week and headed toward the weekend. But we can’t get too far ahead of ourselves as two important trading days remain before we can call it a week.

For now, though, things are mostly uneventful. On the week, CDG is up $5 at $1855 and, after starting the week strong, CDS is (as predicted) right back to near $22 and up just 10¢. Ho-hum.

But now here comes the interesting part. First up tomorrow is Countess Lagarde and her mutterings on ECB monetary policy. How will the euro react? In turn, how will this…

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