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EUR’s fall from grace put on hold until NFP
The forex market has had a little bit of everything thrown at itself over the past 24-hours. It looks like an asset class that wants to make up for lost time in a hurry. Finally, fundamental and technical themes are beginning to join the dots that both 'volatility and volume,' in the current low rate environment, had been missing. It's simple; all that investors' want is the opportunity for price movement. From Argentinian sovereign debt defaults (albeit brief), to +4% US GDP growth reports, to Euro unemployment surprises and ongoing deflation concerns, to Fed dissenters, to geopolitical risk, this market has a ... (full story)
