Boy, you just can’t get analysis like this from the man in the street…You need a professional from a ratings agency to tell you a global credit crisis raises the risks of sovereign defaults. Who woulda thunk it…
Commodities continue to slide and stocks are under pressure. EUR/USD is a bit lower,at 1.3118. Looks like risk aversion could return to the fore. Gold has broken the $890 level for those keeping score at home, countering the risk aversion theme…
Support is now at 1.3090/1.3100 and again at 1.3065/70. Expect large stops below the latter level.
