The Merkel-Draghi Ballet

G10 Advancers and Decliners vs USD
CHF 0.03 advancer bar The Merkel Draghi Ballet
EUR 0.02 advancer bar The Merkel Draghi Ballet
decliner bar The Merkel Draghi Ballet JPY -0.05
decliner bar The Merkel Draghi Ballet GBP -0.10
As we noted in the past few sessions, investor sentiment has been shifting substantially to risk-on as the situation in the Euro zone seems to be supported by the ECB and its political leaders. Yesterday Merkel asserted in an Ottawa press conference that the situation was becoming more critical by the day but “on many of these issue we feel we’re on the right track” as EU leaders “feel committed…