We’re back to the bad old days where risk is unwelcome.
US and European equities are on weaker terrain this morning and hopes for a quick European debt solution are coming unraveled again (surprise!) .
EUR/USD is edging back toward support at 1.3700. We trade now just below 1.3710. Stops are seen in the 1.3680/85 area and may prove magnetic.
Here is a chart of the Stoxx bank index:
