Risk Sentiments Boosted by EU Summit, Dollar and Yen Selloff to Continue in Near Term Expectations on last week's EU summit was pretty low but the responses were overwhelmingly positive. Risk markets were given a strong boost where DOW jumped from an intraweek low of 12450 to close at 12880. European equities were also strong with FTSE jumped from intraweek low of 5435 to close at 5571, while DAX also rebound from intraweek low of 6096.9 to close at 6416. Commodity markets were also strong with CRB index rebounded to close at 284.19, after dipping to 266.78. Dollar index, on the other hand, dived to as low as 81.43 before closing at 81.62, comparing to intraweek high of 82.88. The strong momentum is risk markets suggests that more rally lies ahead in near term and we'd now possibly see DOW revisiting this year's high in Q3. Based on that development, dollar and yen would likely remain pressured. Full Report Here... | 
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