Phew, the EUR selling finally stopped! Many EUR longs were close to pulling the trigger and use their get out jail card, with promises of trading another currency that relies on the fundamentals rather than having to understand the Euro political and cultural dynamics so deeply. This morning, the regions asset classes are on their way up after the latest sharp selloff was fueled by political and economic uncertainty from two of the periphery’s heavyweights, Spain and Italy. However, is this rebound to last? A quote from Spain’s PM Rajoy, relating to allegations of a slush fund, sums up the state of European politics: ... (full story)