Bismillah
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Freaky Friday to Break EUR?
For the past two days this market was willing to apply risk. Investors were encouraged by the “highly accommodative rhetoric” from Fed Yellen and the BoJ’s Shirakawa pursuit of “powerful easing” to overcome deflation. Throw into the mix stronger Aussie employment, higher demand for Chinese loans and even better than expected industrial production expansion from the Euro-zone had many of the EUR’s bears concerned. In reality, outright short EUR positions have been less threatened because of the contained currency price action being dictated by option dealers and their expiries. It’s “Freaky Friday” ... (full story)
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- Apr 13, 2012 7:09am Apr 13, 2012 7:09am
- krunfx
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