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EU Summit Paving Way for Risk-on Trading in S&P500, EUR/USD,
The EU summit was making some breakthroughs in the all-night discussions leading to the second day at the roundtable. After the first day of bickering to negotiate terms, EU leaders are coming together and making some key steps toward saving the European Union. The markets reactions also reversed from risk-off mode to risk-on mode. There is a feeling that this move has more legs because it is somewhat of a positive surprise and the market has put confidence in eurocrats and bank leaders to provide hope. Naysayers will see this as just a puff of hopium, but it is likely a very potent one. Still, let’s see if the ... (full story)
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