Oil below $90, US yields on the slide (10s now at 1.63%) and the S&P is another 0.5% while European stocks are getting croaked. The QE trade has run its course and the focus is back on Europe and Europe has not sorted its shite out as yet.
Mr. Draghi has a loaded bazooka but he needs to be asked to use it. So far that has not happened and the market is growing impatient.
1.2827 remains key.
