The week that was
Last week’s price action was dominated by better macro data across the globe. PMI data came out better than expected in
virtually every country with the exception of Switzerland. An upside surprise of US labour market … Read more
The week that was
The key event of the week past was the FOMC statement essentially doubling the conditional commitment period for the Fed Funds target
range and Chairman Bernanke sounding quite open to further unconventional policies if the recovery … Read more
With good risk sentiment over the past week, EURUSD topped out at 1.2985 overnight where good profit taking pressure saw it
promptly through the 1.2950 short term support line (red). Early flow from Europe this morning remains pointed to the … Read more
9/1/12
World Markets weekly write-up:
The week that was
First week of the year kicked off with good risk appetite. Main market focus remained mostly on the
European side with the sovereign debt crisis, and Hungary making the headlines,
whilst … Read more
Good afternoon and Happy New Year! According to our market
sources, 2012 has already been the year for which the largest amount of macro
& economic research has been written by the market practitioners (i.e. the
global banks) during the … Read more
Decent data IFO and consumer confidence data from Germany, brighter confidence indicators from the UK too, a better than expected bond auction in Spain have led risk into positive territory today with most equity markets having made significant progress so far … Read more