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Global Base: The global markets have moved equity trade higher, on the back, it would seems, of an upgrade to the financial sector. If that is all it takes, the market has just revealed the level of anxiety that has been holding it back, and the degree that automated trade can quickly change the landscape of the global market.

European equity futures have rocketed higher, up by over 3% on the day, Wall Street is higher by 2%, but as yet the oil and gold markets are not following through, nor showing any interest in moving, it would seem. This may however create a potential move that feeds off the NYMEX oil market close at 14:30 EDT, and set up forex breaks that could sustain themselves going into the Asian market open.

Mixed Up Majors: About as mixed a picture as you will see in regard to overall outlook, sentiment, momentum, and order flows. It now looks as though Wall Street could initiate some Usd selling, and reverse the Asian and European sentiment. However, the majors are a long way from all taking out their previous session Usd lows.

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