* THE EUR/STERLING CROSS:
One Downward Step At A Time: Money is leaving the continent but wants to remain close to Europe, so it finds its way at the margin into Sterling. We are short of this cross; we need to get shorter still… but not now.
* THE US TEN YEAR
NOTE: A “Reversal’ Week to the Downside!: Actually, it missed by just few 32nds because last week’s high was not
quite to and above the previous week’s high, but the low was clearly lower and the damage
was severe… severe enough to warrant weekly “reversal” consideration.