EU:
Consider the Volume-Price story.
The volume from Frankfurt open into the London open is the highest in a very long time. I scanned back ten days and found nothing so great. I think the most "telling" feature of the volume today is the sudden spike down shortly after the London open. The early London session has had its spikes down before, yes, but not anytime recently has it done so to such a great extend so soon after the London BBs come to the table. This could very well be a sign that the BBs were anxious to hit more SLs and trigger more pending short orders to get the extra liquidity to fill their own long orders. The London session BBs didn't wait, didn't mess around, they went immediately to work on this. So, looking at it this way, there is now increased bullish intent in the EU market.
Consider the Volume-Price story.
The volume from Frankfurt open into the London open is the highest in a very long time. I scanned back ten days and found nothing so great. I think the most "telling" feature of the volume today is the sudden spike down shortly after the London open. The early London session has had its spikes down before, yes, but not anytime recently has it done so to such a great extend so soon after the London BBs come to the table. This could very well be a sign that the BBs were anxious to hit more SLs and trigger more pending short orders to get the extra liquidity to fill their own long orders. The London session BBs didn't wait, didn't mess around, they went immediately to work on this. So, looking at it this way, there is now increased bullish intent in the EU market.