By Chris Becker
Ructions around the continued “standoff” on Greek debt crisis continues to play out on risk markets, with European bourses falling swiftly, dragging down the US and Asia today. Greek bonds continued to be sold off with 10 year yields jumping above 10% again, while German bunds slipped to 0.35% in comparison. If ever there was a reason why the Euro experiment has failed there it is.
As I warned yesterday the four hour chart of the DAX showed a possible top and fell 1.7% before decelerating in futures trading right on to its critical support line:
