EURUSD

1. With a few minutes to go the pace is quickening even though 80% of the world’s financial markets are already closed.
2. Tension mounts as the field moves past Against The Clock.
3. We have trainers with us waiting to cast their opinions, some of who do not even have a horse in the race but who are more than willing to tell us how it should be run.
4. Still no comments on why and Mutual Fund Losses and Massive Redemptions were withdrawn.
5. Low Volume Ramps and Intra-day Drops were placed as favorites ahead of the session, which did not please the punters.
6. As we head into the close it has to be noted that NYMEX is no longer in the field, which eliminates Bullish Bullion and Weak Oil.
7. Initial Margin Call looks to have very few supporters in the stand, but may once again surprise a lot of people at the close.
8. Volatility Index is coming around the outside rail. Market Leader is at the rear.
9. Apple just put its nose in front, unimpeded by ECB jostling for position, and Increasing Vix making an unexplained move.
10. Ohhhhh, we have a faller; we will get a reporter straight over there.
11. It looks as though Breaking Headlines cut across Slow and Steady, and in the carnage that followed Retail Trader was left in the dust.
12. Risk Exposure pushes to the front leaving Shut The Front Door and OMG trailing at the back.
13. Twitter is putting in a burst to get past Breaking Headlines who is still battling hard with Slow and Steady.
14. The ECB has dropped backwards as the weight of carrying The PIGGS looks overbearing.
15. Ohhhhh, but look at this, just as things were settling down a move by Tele-Prompter has sent the whole field backwards.
16. Eating Peas and Suck It Up did not react well to that move, and we may see a stewards inquiry into why that happened at this stage of proceedings.
17. Treasury Yields has collapsed and is staying down after Bond Values muscled past with little effort.
18. Credit Default Swaps has ignored the moves by S&P Ratings and kept a great pace, while all of the time aware that California Munis are on their tail.
19. Martha's Vineyard and The Nineteenth Hole look a long way off right now, but moves at the rear by Airforce One may be enough to get them through.
20. At the closing bell Initial Margin Call takes it from Credit Default Swaps, who got in by a nose over How Do I Explain This, which pushes out What's All The Noise to finish in 4th place. The Bernanke Put finishes last.

Coverage of the next race from Asia will include a battle between Currency Exchange, Liquid Assets, and 24-Hour Commodities. Details to follow......"