While the sell off the main European indices was dramatic - between -2% to -7%, causing authorities to ban uncovered short selling of equities, the U.S market finished at relatively minor losses of up to 1% in the main indices.
Key Data to watch today :
12:30 Canada – Retail sale and Retail sells Ex Autos.
12:45 Fed chairman speaks.
Euro short term resistance is at 1.214, looking negative with a huge potential for a 2% weekly drop.