| | Euro, Risk Trends Left in a Lurch Awaiting EU Clarity, US GDP | Previous EU gatherings may not have offered us lasting and definitive solutions to the Euro-area's troubles; but they have at least been straightforward. With Wednesday's critical summit, the markets were left scratching their heads. The effect on the the Euro and risk-sensitive assets was clear with extraordinary volatility but a distinct lack of direction. This is a dangerous state to leave the markets in - especially with so many benchmarks on the verge of major reversals or second phase breakouts. Though there are a lot of fundamental concerns going forward (including the upcoming BoJ decision and US 3Q GDP reading); the European troubles will steer this ship... | Best regards, DailyFX Research Team research@dailyfx.com | | | Forex Capital Markets, L.L.C.® assumes no responsibility for errors, inaccuracies or omissions in these materials. Forex Capital Markets, L.L.C.® does not warrant the accuracy or completeness of the information, text, graphics, links or other items contained within these materials. Forex Capital Markets, L.L.C.® shall not be liable for any special, indirect, incidental, or consequential damages, including without limitation losses, lost revenues, or lost profits that may result from these materials. Opinions and estimates constitute our judgment and are subject to change without notice. Past performance is not indicative of future results. | | | |