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Friday, October 21, 2011

What is the twist as of now ??

Risk appetite in FX markets has managed to stabilize overnight in the face of concerning headlines from Eurozone. In a worrying move Eurozone officials have scheduled a second summit for Wednesday Oct. 26th, alongside the one planned for Sunday Oct. 23rd . The additional meeting clearly indicates the complexity involved in creating this grand plan. Yesterdays headlines were confusing, to say the least, but the primary takeaway is the European policymakers are moving towards a solution although it will take longer than the market had originally anticipated..so what is the twist as of now ??

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