Macro Morning: Shorty
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By Chris Becker
Risk markets continued to focus on the Greek debt crisis, with talks last night at the Eurogroup meeting breaking up on plain speaking by the Greeks. Coupled with a holiday in the US, markets provided little opportunity apart from positioning.
The DAX retraced around 0.4% off its new record high, setting up a short term short swing, but the longs are still in control here:

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