The European leaders agreed to amend (at a later time) the current EFSF and ESM frameworks to allow them to recapitalize foreign banks directly. This “seemingly” bullish news sent the Euro soaring by more than two full points. The reality is that this is yet again a news driven event, only this one came a little by surprise and at a very ripe time in the Cycles.
 Sorry, this content is for members only.Click here to get access.
Already a member? Login below… |