EURUSD Traders Will Judge EUs Lackluster Plan Beware Pessimism Video

The capital market's reaction to the ECB rate decision and EU Summit this past week belie the importance of the events and their actual outcomes. After a week of congestion, EURUSD and the S&P 500 (as a barometer for risk appetite) would fail to force breakouts and project their belief that either the crisis has been solved or will spread unchecked. Though we may be heading into the final three weeks of the year; the steady deterioration in European financail conditions leverages the risk of a return of a m...