Commodities unsure while currencies signal ‘sell’. Plus, a good story on cooperation …
Are we setting up for a classic case of ‘buy the rumor, sell the news’ here?
The market wants to jump on any little hint that a eurozone crisis resolution is on the horizon, as is evident by the last couple weeks of rising risk appetite. But it’s not going to carry.
It may not be next week, it may not even be the next couple weeks - but a major eurozone disappointment lay ahead. The commodities market will not be able to escape the market ramifications.