Summary: With the German High Court ruling that the European Stability Mechanism (ESM) is in fact constitutional, the way is now paved for the distribution of up to 700B euros to troubled euro zone countries that need the funding, and can meet the qualification criteria. This gave a real boost to the overnight markets ahead of tomorrow's FOMC statement and press conference. To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.
