22 March 2010 at 7:31 GMT
The US House passed Obama’s Health Care bill yesterday and the USD strengthened. EURUSD stopped short of 1.35 – key level. US treasuries dropping a tad, but nothing to speak of. The bill was priced-in.
Asian stocks are down on worries that monetary policy will be tightened to combat inflation. India raising rates for the first time in 2 years.
Not much data today, but we believe that the down-beat sentiment can spill over to the European session, but that should be used as a buying opportunity.
You can read the full Daily Trading Stance here.