Risk Rally Might Extend on Spanish Banks Bailout, But to be Limited ahead of Greece Election Much volatility was seen in the markets last week as talk of additional easing from Fed, as well as rate cuts from China and RBA, boosted risk markets and pressured dollar. The hope for QE3 was then dashed as Bernanke failed to deliver in his testimony with lack of hints on QE3. Then towards the end, risk markets was then lifted again by talk of imminent agreement of bailout for Spain's banking sector. At the time of writing, there was no announcement made regarding the bailout yet. But there should be some news after the EU finance minister conference call at 4pm Brussels time. Risk rebound could extend further initial this week. But we'd like to point out that such rebound might not be sustainable since traders would remain cautious just ahead of Greece election next Sunday on June 17. Full Report Here... | 
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