The big market falls from late last year are not yet out of traders’ psyche and the return of doom-and-gloom is never far away. Swine flu is starting to return to the news headlines and this will aid risk aversion trades. Oil fell by $2/bbl on Friday as doubts return about a lasting economic recovery. Squabbling on the ECB council is becoming more public and is undermining the EUR. Momentum begets momentum and suddenly markets move by 3% or more and a move is under way. Looks like we will have some good trading markets this week.