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Market Wait For Bernanke To Turn On The Light
Investor’s primary objective is to get through tomorrow-in one piece. Another Fed policy will have come and gone, with ‘helicopter’ Ben again having the opportunity to leave a different legacy ‘footprint’ in his press conference tomorrow. The small percentages of remaining ‘weak’ short EUR positions are being tested this morning. Despite many speculators having already decided to wade to the asset class sidelines, few remain in the single currency stop loss crosshairs. So far this morning, the talk of stronger data has been accompanying the 17-member single currency’s rise, perhaps a speculators ruse ... (full story)
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