Nearly a full trading day has gone in Asia and we remain within the ranges from the pullback off post New York rally highs among the majors. So far while Asian equity markets are in firmer territory we are not exhibiting the kind of euphoria seen in the late NY rally so we now turn to the European equity indices as a barometer of market sentiment. From a technical perspective we continue to have those buy signals out of the daily indicators though these would need some form of resistance breakout to be actionable while new buys are coming out of hourly oscillators enough for a retest of the earlier highs though will require a strong equity market rally in Europe to back it up if we are to see things past these figures.