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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The euro weakened broadly last week on delayed reaction to the the EU summit. Successful bond auctions in Spain and Italy halted the decline after EUR / USD breached the first 3 Briefly level. But the common currency remained weak on fear of sovereign rating downgrades. Towards the end of the week, Moody’s lowered Belgium’s
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The euro weakened broadly last week on delayed reaction to the the EU summit. Successful bond auctions in Spain and Italy halted the decline after EUR / USD breached the first 3 Briefly level. But the common currency remained weak on fear of sovereign rating downgrades. Towards the end of the week, Moody’s lowered Belgium’s
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Sentiments were steadily Optimistic for most of the week before sharpening post ECB risk selloff and hadeeth a strong risk of rebound on the EU summit. The Bigger Picture was left ratherkool mixed by the week’s volatility. Dow managed to close at 12,184 Despite a brief break of 12 000-level, Which Suggested
View full post on Action Forex (ALL)
Sentiments were steadily Optimistic for most of the week before sharpening post ECB risk selloff and hadeeth a strong risk of rebound on the EU summit. The Bigger Picture was left ratherkool mixed by the week’s volatility. Dow managed to close at 12,184 Despite a brief break of 12 000-level, Which Suggested
View full post on Action Forex (ALL)
Sentiments were steadily Optimistic for most of the week before sharpening post ECB risk selloff and hadeeth a strong risk of rebound on the EU summit. The Bigger Picture was left ratherkool mixed by the week’s volatility. Dow managed to close at 12,184 Despite a brief break of 12 000-level, Which Suggested
View full post on Action Forex (ALL)
Sentiments were steadily Optimistic for most of the week before sharpening post ECB risk selloff and hadeeth a strong risk of rebound on the EU summit. The Bigger Picture was left ratherkool mixed by the week’s volatility. Dow managed to close at 12,184 Despite a brief break of 12 000-level, Which Suggested
View full post on Action Forex (ALL)
Sentiments were steadily Optimistic for most of the week before sharpening post ECB risk selloff and hadeeth a strong risk of rebound on the EU summit. The Bigger Picture was left ratherkool mixed by the week’s volatility. Dow managed to close at 12,184 Despite a brief break of 12 000-level, Which Suggested
View full post on Action Forex (ALL)
Sentiments were steadily Optimistic for most of the week before sharpening post ECB risk selloff and hadeeth a strong risk of rebound on the EU summit. The Bigger Picture was left ratherkool mixed by the week’s volatility. Dow managed to close at 12,184 Despite a brief break of 12 000-level, Which Suggested
View full post on Action Forex (ALL)
Markets were thrilled by the joint announcement by six of the world’s major central banks to boost liquidity, as well as China’s loose tion of monetary policy last week. DOW jumped from an intraweek low of 11,232 to As High As 12,146 before closing at 12,019, back above 12,000 Market Gain.
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