I don’t know why, but stocks are launching northward late in the NY session. Seeing as I am long US large cap equities up to my eyeballs, I couldn’t care less why…
EUR/USD is firming again as well, now at 1.3414.
UPDATE: Here we go: G20 considering $600 bln IMF lending program to Europe, Nikkei reports.
The resistance line we noted earlier is now at 1.3436.
1.3454 was the overnight high. Buy stops are seen around 1.3460.