Equities trade on a firmer note in early US trade after digesting another round of soft US data. Looks like we are in the midst of an oversold technical bounce for stocks.
EUR/USD has lost the 1:1 link with the S&P, forcing us all to put on our thinking caps, for a change. EUR/USD is running into offers in the 1.4420 area on rebounds. Asian demand was rumored (isn’t it always?) at the lows. We trade now at 1.4392.
