The correction in the Euro has been quick and violent. If the uptrend is to continue it will likely happen here around the 50 day MA.
A bottoming of the Euro here would also be consistent with a resumption of the new uptrend in the GSCI.
There may be a lot of worry about a double dip recession but you won't find it in the corporate bond market.
The Swedish economy is one of the best performing in Europe. The recent market correction may be an attractive entry point.
It is hard if not impossible to construct a bullish case for Japan. Everyone is negative and that makes it an interesting possibility for this contrarian. Maybe the authorities intervene to devalue the yen?
Utilities are still way below their pre crisis levels but an uptrend is developing.