Concerns of a downturn in the 16 member euro area continue to gather pace as the spotlight slowly places focus on the fact that government actions to scale back stimulus measures will put the Euro-Zone at risk for a double-dip recession by the end of the year. Currently, indebted members of the bloc are embarking on austerity measures even though self sustaining procedures have yet to be achieved.

Talking Points

• European Financial Markets Begin to Panic
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Fundamental Outlook for US Dollar: Bullish

- Sovereign debt risk takes over for fundamentals to leverage a dollar rally
- Consumer confidence and spending rise, bolstering the case for a meaningful economic recovery
- EURUSD is on the verge of 6-year lows, will the pair enter the next phase of a bear wave?

Traditionally, when we say...