ForexLive European Wrap: Should have taken a long weekend like Gerry….

Swiss consumer confidence picks up ( -8 in April from -19 in January ), analysts expected -15 France's Pres Hollande to push Germany's Merkel for Eurobonds Spain will ask for a bailout soon.. Syriza and New Democrats lead Greek polls Atlanta Fed's Lockhart : Fed shouldn't rule out more QE Germany sell Eur 2.91 bln of new 1 year Bubills at lowest ever yield (0.26%) Dutch T-Bill auction Belgium auction ECB' sAsmussen: Euro's an 'anchor' of stability Spain's Econ Min Guindos: Spanish banks image is worse than in reality ECB's Constancio: S/T rates still monetary weapon of choice Much of  a nothingness this morning with EUR/USD sagging from early highs around 1.2795 when i first sat down to lows of 1.2757. Little in the way of flow information, but the base held up on US named buyers in Tokyo earlier and there was some suggestion that Bk Of Korea could have been on the topside rebalancing his books after some selling in the USD/KRW overnight. The rest of the morning has been catatonic with the EUR drifting around  in a 1.2760/90 range, despite some reasonable auctions from  Germany, Holland and Belgium. USD/JPY picked up  from 79.20 to  79.45 on steady real money demand but like everything else ran out of momentum and drifted back to 79.25/30. EUR/JPY buy stops were triggered up through 101.50 but  the rally faded at 101.58 GBP/USD slipped to 1.5795 from around 1.5835 on some macro selling taking EUR/GBP to highs of 0.8090, before  European names sold the cross back down to  0.8067. Cable then picked up to the 1.5820's  again getting a small leg up from Barclays announcement that it was selling its Blackrock stake. Elsewhere AUD/USD  traded a 0.9821-67 hitting highs on  some reported fund buying, before slipping back  and settling around 0.9850 European equities were mixed with Spanish and Italian indices slipping by  around 0.5%, with  other Western european bourses up around 0.5-1%