by Chris Becker
After the SNB sheniganas Friday nights market action was one of relief across all risk markets. The German and EZ CPI results which came in on expectations but still drifting lower gave European markets a lift, while the US core CPI remained under 2% with Michigan consumer confidence bouncing strongly.
The DAX continued to breakout higher above 10,000 points on a weaker Euro up 1.3%:
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And the FTSE played catch up yet has not broken above resistance at 6500 points, although the downtrend from the Christmas high has been broken:
