Well, the mini-rally that the euro (EUR) was putting on yesterday morning, on the news that Italy had put in a successful bond auction, continued throughout the day yesterday and through the overnight sessions. Pretty strong rally, as the euro pushes the envelope to 1.30 again. That 1.30 level has been quite a line of resistance for the euro, but to me, if the euro remains around this level, it shows me that things certainly [...] A Tale of Two Trade Balances appeared in the Daily Reckoning . Subscribe to The Daily Reckoning by visiting signup for an Agora Financial newsletter .