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Article by Investazor.com Now thatÂ Â Lawrence Summers is out of the race for the presidency of Fed, once again the assumptions that Janet Yellen will take over the leadership of Federal Reserve Bank are becoming more realistic. What does that mean? I means that the Bernanke’s style will be kept and the Quantitative Easing Program will […]
According to Sean Callow, a Global FX Strategist at Westpac, “The JPY’s lingering safe haven appeal was evident when EUR/JPY tumbled -1.3% in short order as Portugal came under heavy pressure.” The resignation of Portugal’s (bond market-friendly) finance minister and then foreign minister raised the danger of fresh elections and doubts over the bailout package. […]
According to the RBS Research Team, “There are widespread signs that investors are now defensively positioned for US higher rates.” Medium-term momentum signals are deeply oversold for US rates, trader sentiment is exceptionally bearish on bonds (just 8% bulls for US bond futures), net longs in the JPM survey had their biggest plunge in 2yrs […]
Jacqui Douglas, strategist on behalf of the research team at TD Securities said we had a relatively calm overnight session, with markets seemingly mulling over the Fed mantra of the last few days that tapering does not equate to tightening policy. The team notes how the European equities are little changed, and most G10 currencies […]
GBP/USD indeed climbed to reach the bridge but couldn’t cross it through the offers. GBP/USD was on path to move through the gap on the hourly charts but failed at resistance with bears in the NY session denying it at 1.5435. At the time of writing, the pair are offered and oscillating around the figure. […]
FXstreet.com (New York) – The AUD/USD foreign exchange rate has once again rapidly ascended during US trading, having rallied off the 0.9230 level in recent minutes.
According to Lee McDarby, Corporate Treasury at Investec, “In an encouraging move for UK importers the Bank of England and its Chinese counterpart have signed a deal likely to boost trade between the UK and China in the Yuan.”.