US equities trimmed their losses after the very strong 10-year note auction but that rebound has run out of steam and share prices are down nearly 1% again. Lack of global demand is the main issue the market is worrieed about at the moment, particularly from China which was though to be leading the way out of recession.
EUR/USD is trading at session lows around 1.3835. 1.3825 is important support on the charts while 1.3800 is an level where barrier options are perched. A break opens the way for a retest of range lows around 1.3750.
