European morning wrap: Well, the BIS had a good morning

French FinMin:  France wants a financial transaction tax to target stocks, bonds and derivatives. To discuss with German counterpart Thursday Greek Dep FinMin:  Bond swap talks at satisfactory point, no final deal yet Swiss National Bank active in forward market French November industry output +1.1% m/m, much stronger than Reuters' median forecast of flat Fitch's Parker:  Austria's AAA rating not an immediate risk. Germany AAA rating is safe.  Does not expect to downgrade France in 2012 Fitch's Riley: There is significant chance Italy's rating will fall when review concluded Dutch auction Austrian auction Greek auction Austria debt auction was "business as usual" despite Hungary concerns in market- Debt Office Head EU Commission: Rehn to meet Hungary's FinMin on January 20 Quite an active little morning when all said and done.  EUR/USD little changed at 1.2770 from early 1.2785.  Inbetween though we've been as low as 1.2743 and as high as 1.2810. BIS played a blinder today.  Bought into early dip (seen buying in mid-1.2740s and 1.2762) and then offloaded when we peeked over 1.2800. Real money also seen selling into rally, actively offloading 1.2800+.  Cable touch easier at 1.5460 from early 1.5480.  Sell orders seen clustered up at 1.5505/25. USD/CHF touch firmer at .9495 from early .9470.  EUR/CHF at 1.2130 from early 1.2110.  Swiss National Bank seen in forward market this morning. AUD/USD touch firmer at 1.0320 from early 1.0300.  Model fund sellers noted up at 1.0330/40 capping the feisty pairing.