Is the Price Action in the Euro suggestive of a stock market rally?

So the news about a potential Grexit is everywhere. Traders headed for the exits at the open, but the market is well off the lows. The Euro which is in the eye of the storm would logically be expected to sell off. The Euro is however up on the day. Given very good correlations between the Euro and other risk assets like stocks (Strong Euro and week dollar boost corporate profits) and the upcoming FOMC meeting which usually favours stock prices a bounce leading upto fed day appears likely.

Submitted June 15, 2015 at 02:13PM by rajveers http://ift.tt/1ToYwLk