Risk Off Trade Inensifies in Holiday Thin Conditions
December 29th, 2011
We finally saw some holiday volatility on Wednesday as we had warned, with the Euro leading the way and eventually dropping below 1.2900 to stall just shy of the critical 2011 lows from January at 1.2870. There have been no specific fundamental catalysts to speak of for the risk off price action, but it seems [...]