Forex Market Updates 17.07.2014 Risk aversion comes back The - TopicsExpress



          

Forex Market Updates 17.07.2014 Risk aversion comes back The downing of an airliner in Ukraine airspace has brought back general risk aversion Safe-haven assets benefitted: JPY, CHF, USD, gold, Treasuries, Bunds. Oil gained on heightened tensions with Russia. EUR steady as investors took off carry trades Risky assets lost: EM currencies (carry trades), stocks, industrial metals Today: Ukraine to dominate as market looks towards UN Security meeting. Gold off its peaks, stocks off their lows suggests reversal of yesterday’s trades as tensions wane Bullard says Fed may have to raise rates “sooner rather than later” He’s neither a dove nor hawk, so he indicates middle view of FOMC Wages no longer falling in Japan A necessary condition to get true inflation rather than just rising prices Today: Eurozone: Current account for May (not market-affecting) US: Preliminary U of M consumer confidence for July, Conference Board leading index for June Canada: CPI for June expected unchanged from May @ +2.3% yoy; might not be market-moving as BoC has said inflation is due to “temporary” factors Join us for MORE!!! bit.ly/1lE2lZg
Posted on: Fri, 18 Jul 2014 07:40:50 +0000

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