Monday 18, February 2013 by Matein Khalid

The Euro's woes and currency ideas

The Euro is now down four full figures from its recent 1.37 high, the rally in Club Med sovereign debt has aborted, the European stock indices and even the SP500 show multiple evidence of flagging momentum/toppish trading. The ancient Roman auguries would have examined the gall bladders of sheep to divine the next twist in Jupiter’s mood swings. I, more humbly, scan cross-asset volatility matrices to make sense of the global financial zeitgeist.