USD continues to fall and carry traders are making the most of it and gunning stocks relentlessly. We could see EURUSD gapping up and running today. AUD is quite flat and the strength on JPY seems is not going to be enough to control bulls.
High Yields are still under demand and credit market in general still shows risk appetite.
From the technical perspective all indices are more than due for a pullback from days ago but until the above mentioned sentiment reverses we cannot expect meaningful drops.
As the bears hope we can point out the extreme sentiment ISEE reading suggest (146) .
Again, until clear strength on the dollar appears, bull's party has high probabilities to continue.
