S&P 500 Proves More Sensitive than EURUSD to Volatile Bailout Rumors |
Unconfirmed (and difficult to believe) headlines continue to stir volatility in the FX and capital markets. Once again the S&P 500, AUDUSD and EURUSD were on the move after a story suggested Germany and France had agreed to support a 2 trillion euro bailout initiative that would be presented to the EU. Questions of legitimacy to this claim along with the reality that even a plan of this magnitude wouldn't solve all the region's issues quickly arouse; and prevented a trend. Yet, in the meantime, the market's knee jerk response offered us a look into the market's interest and potentially its bearings when a true trend does reengage...
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