Chart expert, Jordan Kotick, Global Head of Technical Analysis at Barclays Capital back from a trip in Europe.
Here's this week's Q&A
Q - You just got back from Europe.
Besides the ongoing headlines about European contagion, what else is at the forefront of the European markets?
A - The aggressive weakness in the Euro is clearly an area of focus. While many throughout the world focus on how the Euro is falling against the Dollar, how it is falling against other currencies (Australia for example) is very much a concern. With the exception of the British Pound, the Euro is falling against other European and Asian markets even more so than it is against the US Dollar. We do not think this move is complete.