Trading Video: Despite Greece Headlines, Risk Trends Still Top Concern

Talking Points:

• Friday's sharp S&P500 and capital market drop steadied to start the week, but sentiment is still unsteady

• Greek-Eurozone negotiations continued Monday, but the outcome was far from encouraging

• Euro and Yen crosses present some of the most attractive fundamental potential

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A dense round of event risk does not guarantee an active market. We need catalysts that generate friction that really matters to the broader market. This morning, the Euro was the center of attention between the start of the ECB's new QE program and troubled negotiations between Greece and its Troika creditors. Yet, in spite of the fundamental push and pull applied to the Euro, EURUSD was little moved on the day. A burgeoning stimulus program will keep the Euro under pressure through the long-term and Greece may circle back as a driving risk in the future; but for now, the short-term risks are accounted for. Many important themes have found some level of short-term equilibrium - Fed timing, risk trends, geopolitical stays - but the balance can be easily unseated. We take a look at the high profile risks, their drivers and likely time frames for setups in today's Trading Video.

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