European Majors Spiked Higher in Holiday Shortened Week While the first part of the holiday shortened weak was rather calm, the markets went rather wild before closes. European majors jumped broadly on Friday but pared much gains against dollar before close. It's reported that hawkish comments from Bundesbank chief, ECB governing council member Weidmann triggered the move. But it should be noted too that Sterling and Swiss Franc also strengthened against other major currencies. While Euro did spiked higher against Sterling, EUR/CHF has indeed dipped. Judging from these actions, it's believed that safe haven flow on worries over Turkish Lira's free fall might be a larger contributor to the moves. And, it could also explain the sharp pull back before close on profit taking and position lightening ahead of the weekend. Nonetheless, the moves was amplified by thin trading conditions and volatility could continue this week with New Year holiday. Full Report Here... | 
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