Re: nincs cím

Ugly European confidence data and pressure on the Euro via EURGBP selling from the Kraft/Cadbury acquisition deal have put EURUSD in a tailspin again. As we head into the US open, the pair, is challenging the 200-day moving average and the low for the cycle down at 1.4217. Equities have turned tail again after yesterday's dead cat-ish bounce and this has put the screws to the commodity currencies again, which were sharply lower ahead of the Bank of Canada rate meeting. The Yen was slightly weaker vs. the USD, but stronger in other places as risk aversion dukes it out with a slightly correction lower in bonds for influence on the currency's trajectory.