As noted here, this week is likely to be a quiet one for markets in general, particularly in Europe and the US as both markets will be mostly on vacation this week. We covered our major observations about lessons for risk assets in general for the coming week here. So we’ll keep this limited to some summary observations Last week, despite the EU’s lack of real progress on its debt crisis, the EUR continued its rally due a combination of: The Fed undermining the USD faster than the ECB is undermining the EUR. The Fed is already in QE 4 and printing $85 bln/month for the foreseeable future. The ECB won’t even begin its ... (full story)