Can anyone see the falling trendline on the EURUSD joining the late Aug 2011 top, late Oct 2011 top & late Jan 2012 on the daily chart?
The next few weeks will confirm if the cross is about to test 1.25. Breaking below targets 1.2 then 1.18. At those levels, the bear extremes will be interesting. Dont forget the record shorts contracts are still intact even with the current bounce...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!