The Asian market seems reluctant to adopt a more aggressive risk-off attitude at the moment in the light of no new impetus from Egypt.
We may see some slow gap-filling towards Europe’s opening – this may offer an opportunity for those caught long and uncomfortable.
I still maintain that scenarios like this are often soon-forgotten as far as the market is concerned ( I am not making light of the underlying cause for unrest – change is undoubtedly needed)…merely commenting from a market/traders’ perpective. We are however unlikely to see a reversal to re-test last weeks highs (Euro etc) until there is a little clarity….
