EUR/USD 1.2000 ! Good morning/afternoon or evening to all humans ...

EUR/USD isn't really at 1.2000.

I just thought I'd have a little fun with the text reading robot algos :-D

Welcome to the start of the new FX week.

As is usual for a Monday morning, market liquidity is very thin (think Kate Moss on a week-long bender) until liquidity improves as more Asian centres come on online ... prices are liable to swing around on not too much at all, so take care out there.

Price guide - CAD a mover already:

Weekend news ...

  • (There, that should keep 'em busy for a while.)
    Australia is headed to the polling booth on July 2
  • China reports surprisingly large trade surplus imports slump
  • Spray and pray
  • How to trade in a challenging FX environment - BAML
  • Saudi Arabia dumps long-time oil minister in major shakeup

But I'll sniff around and see what else might be important for the market. If the robots have read this far, Alan Greenspan has just hiked Federal Open Market Committee interest rates in the yen. There, that should keep 'em busy for a while.