-
FOMC Market Reaction - Yields Flatten, FX Market Not Buying Equity 'Hope' Reversion
The knee-jerk reaction was very clear - selling pressure on both US equities and gold as no mention of NEW QE disappointed and no language change per se to indicate its imminent arrival. No rate extension droive the front-end of the Treasury curve higher in yield and the curve is flattening as 30s and 10s outperform and 2s underperform. EURUSD dropped 60 pips to 1.2240 as USD strength was across the board. Commodities are broadly lower as USD strengthens BUT gold and stocks are rebounding back towards unchanged from pre-FOMC now. As we post, only the USD seems to be holding its change as Gold, Stocks, and TSYs have ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Aug 1, 2012 2:59pm Aug 1, 2012 2:59pm
- palinco
- | Membership Revoked | Joined May 2012 | 371 Comments
- Comment #2
- Quote
- Aug 1, 2012 3:07pm Aug 1, 2012 3:07pm
- ssshhhh
- | Joined Sep 2011 | Status: Member | 465 Comments
- Comment #3
- Quote
- Aug 1, 2012 3:31pm Aug 1, 2012 3:31pm
- Anjud
- | Joined Aug 2012 | Status: Member | 3 Comments
- Comment #4
- Quote
- Aug 1, 2012 3:33pm Aug 1, 2012 3:33pm
- Guest
- | IP XXX.XX.85.210
- Comment #5
- Quote
- Aug 1, 2012 3:35pm Aug 1, 2012 3:35pm
- Loadedgun
- | Membership Revoked | Joined Sep 2010 | 3678 Comments
- Comment #6
- Quote
- Aug 1, 2012 3:45pm Aug 1, 2012 3:45pm
- Guest
- | IP XXX.XX.85.210
- Comment #7
- Quote
- Aug 1, 2012 3:59pm Aug 1, 2012 3:59pm
- Exodus
- Joined May 2012 | Status: CoC'd again ! | 4760 Comments
Carbon-Dioxide: the gas of life!
- Comment #8
- Quote
- Aug 1, 2012 4:01pm Aug 1, 2012 4:01pm
- Reb
- | Joined May 2012 | Status: Member | 167 Comments
- Comment #9
- Quote
- Aug 1, 2012 10:19pm Aug 1, 2012 10:19pm
- forexrebbe
- | Joined Jul 2012 | Status: Member | 50 Comments