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US Fed chair unleashes relief rally
Risk assets continue to rally following Fed Chair Jay Powell’s comments on Friday which pointed to a pause in the current Fed tightening cycle and downplayed market fears that the pre-set course of tightening will contribute to the global slowdown and dent risk assets even further. With equity markets moving broadly higher, we expect risk-sensitive currencies to be the prime beneficiaries vs the US dollar while the low yielders such as the euro or Japanese yen should lag in terms of gains vs USD. This is because stabilising risk appetite should eventually translate into some modest further Fed tightening (as per ... (full story)
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- Jan 7, 2019 11:23am Jan 7, 2019 11:23am
- Hurst
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- Mitiblotch
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- Tony112
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Invest in alarm clocks
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- Mitiblotch
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- v2vboni
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Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
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- v2vboni
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 6 Comments
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way