Nothing is going any where fast, at least not until the Euro Summit shows and plays its hand we think. The one note of consistence it seems in the last 24-hours is how many analysts have revised their 12-month prediction for the EUR. The results are rather similar with analysts now pegging the currency lower from previous guesses of 1.35 to an average of 1.20-25. Reading the choices has distracted one watching the price action “paint dry”! European optimism is tentative, however, global bourses have found some traction and advanced to a five-week high amid market speculation that Euro-area leaders will agree on ... (full story)