Well that escalated quickly...EURUSD has broken the key 1.05 trendline level [4]; and having rallied yesterday on the worst data since Lehman, today it appears some sense of resignation to the fact that The Fed is boxed in to a rate hike no matter what is setting in... and that the exuberant hockey-stick expectations of earnings growth is spiralling the toilet of near cycle lows oil prices. US equity prices have roundtripped most of yesterday's dead-cat-bounce spike with Nasdaq leading the drop and The Dow and S&P are back in the red year-to-date.
EURUSD broke the crucial 1.05 level again... [4]
[5]
And US equities have roundtripped yesterday's excitment
[6]
Which has psuhed Dow, S&P back into the red
