Essential Charts and Market Update
Another extremely dull morning in Europe. Occasionally one needs to check whether the intraday charts are updating. Biggest “news” is that Italian yields are falling and the 10 year yield is trading at 6,31, after people “cheer” Monti’s budget cuts. Now we just need to get the growth going…
Meanwhile investors are practically paying to park their money in Berlin. The Buba bill bid to cover came in at 3,8. People are once again thinking of the return of their money.
Dynamics of trading in this mornings session is lacking both volume and liquidity. Let’s wait for the US open. Meanwhile find some important charts below. We are approaching short term resistance levels, everywhere.
Shanghai. Look out for that big possible break to the downside.