During all the panic drama it is interesting the EURUSD has not lost 1.40 handle while most of the commodo ccys dropped.
Gold & CHF have seen spectacular rallies during panic central & stocks have nosedived as expected.
There something interesting in the euro static range 1.40 - 1.45, a triangle is forming. Same thing on the USD index. Break outs coming soon with USD index looking bullish. Now for Bernanke to maintain his printing fantasy (QE3) that USD index cannot be allowed to have a bullish breakout.
The USDSGD & USDZAR crosses are also hinting dollar strength coming soon. With euroland debt issues still stuck, the money printing spree timeframe is running out...
In contrast there is a chance that CHF carry trades are now forming.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!