The S&P is pulling back today, reversing sharp early gains (especially in futures before cash trading opened) and slipping back below the 200-day moving average.From 1120 highs, we now trade at 1111.
As stocks give back gains, EUR/USD and Cable dip lower as well. EUR/USD has dipped as low as 1.2952 and cable as low as 1.5510. A disappointing development after such a fine start to the day….
