Equities have proved surprisingly durable after the Philly Fed data, rebounding from a knee-jerk slide to trade up 0.3% at the moment. EUR/USD is showing a similar pattern, taking out whatever stops it did not get the first time around.
Market looks to be in short-covering mode now that the IMF is going to pony up its billions to get Greece overt the hump when its next bonds mature in early July. Broken trendline resistance is just overhead at 1.4168 with good selling eyed t 1.4200.
