The relief rally in US equitie on the back of a financial regulation bill finally being hammered out was short-lived and equities are on the slide in bothe Europe and the US. The S&P 500 is down 0.4%, eying support in the 1040 region today. We trade now around 1069.
Fixed income markets are rallying as shares turn lower, helping undermine risk trades. USD/JPY is close to support in the 89.20 area again and EUR/USD trades quietly at 1.2295.