EURUSD - London session, tested and rejected @1.3050 zone - the 50-day SMA.
EURAUD - needs to close above 1.2480 to give bulls more vigor.
DowJones wrote:Traders have pointed out that this means many market participants are more willing to sell Portugal's CDS, under the reasoning that should Portugal find itself in a similar situation as Greece, the Portuguese contracts wouldn't pay out either.
Portuguese Debt Insurance Costs Climb Above Records -
http://www.dowjones.com/...stsClimbAboveRecords.asp$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!