Morning all,
A quiet overnight as US and UK was closed, while Europe in most of the session went red, but finished off in green with healthcare stocks leading the market back up.
Given very little positive lead, we may expect this divergence to continue: a declining stock market with upmoving risky currencies. We may point to stories over this pricing in of a V-shaped recovery may falter, though USD may continue to fall due to declining purchasing power, leading to upmoving risky currencies.
However, we may continue to expect pullbacks, though slow and painful, over this week.
That's the comment for today!
happy trading!
ongy out.
Tuesday, 26 May 2009
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