As is so often the case, once European markets close, some of the momentum is sapped from the markets. That’s a good thing on a day when the momentum is making most of us poorer as assets of most flavors devalue faster than trading positions appreciate…The S&P is down 3.7% after falling 5% earlier on…
EUR/USD is consolidating losses in the high 1.43-teens, well above 1.4270 lows. 1.4330/60 sell-orders are seen on rallies near-term, traders report.
