During the early part of last week, the theme was buy risk and sell euros. Risk appetite was given a strong boost by the global manufacturing data from China to United Kingdom to the U.S.. While Euro-selling persisted, risk markets failed to Extend Rally even with a very solid Employment Report from
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Thin markets were caught with some USD positive flows with much discussion as to what the Actual power of the USD was buying. Whether it is the start of year-end flows, delayed reaction to the geo-politicking by Iran or the International Monetary Fund comments on Hungary’s Ability to meet targets for
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The Fed DECIDED to leave the policy rate and surgery twist Unchanged. This is expected as recent Economic data in the U.S. Improved but sovereign debt problems in the Euro Zone remained a great uncertainty. Policymakers Would prefer to stand on the sideline and monitoring the Development for the Time being.
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Risk selloff intensified initially last week in response to the S & P’s downgrade of U.S. credit rating and the hollow G7 statement regarding the current market turmoil. Though, sentiments " " stabilized as the week went on, after the Fed pledged to keep rates low Until the mid-2013th The Attempt to Extend the spotlight of European debt
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Risk selloff intensified initially last week in response to the S & P’s downgrade of U.S. credit rating and the hollow G7 statement regarding the current market turmoil. Though, sentiments " " stabilized as the week went on, after the Fed pledged to keep rates low Until the mid-2013th The Attempt to Extend the spotlight of European debt
View full post on Action Forex (ALL)
Risk selloff intensified initially last week in response to the S & P’s downgrade of U.S. credit rating and the hollow G7 statement regarding the current market turmoil. Though, sentiments " " stabilized as the week went on, after the Fed pledged to keep rates low Until the mid-2013th The Attempt to Extend the spotlight of European debt
View full post on Action Forex (ALL)
Risk selloff intensified initially last week in response to the S & P’s downgrade of U.S. credit rating and the hollow G7 statement regarding the current market turmoil. Though, sentiments " " stabilized as the week went on, after the Fed pledged to keep rates low Until the mid-2013th The Attempt to Extend the spotlight of European debt
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Tuesday’s FOMC statement Will Be Closely watched to see what the world’s largest central bank Might Have up ITS sleeve to make investors’ pain magically Disappear. But with central banks around the world recently Carrying Out Various forms of intervention even before global Stocks Fell for a second day, one
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While BOC’s maintenance of the overnight rate at 1% is widely EL, the surprise Comes From The policy statement Which Appear more hawkish Than Previously Anticipated. Policy Makers showed Their Concerns about Inflationary pressure That Have Been driven by rising commodity price. The central bank Stated That CurrentVersion stimulus Measures goodwill
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Well another Frantic finishes to the Friday session (second week running) with more clean-outs in a thin U.S. market ‘taking place. We saw the EURUSD, Cable, and even USDCHF AUDUSD move as a direct result of someting Rather interesting USD repositioning coming Into the weekend. Suffice it to say it
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