The appetite for risk turned optomistic Wednesday following US Fed Chairman Bernanke’s dovish remarks, as he reiterated the Fed’s plan to start paring its bond-purchase program QE later inn the year, but said that could change if the economic outlook shifted.
The Fed’s “Beige Book” report stated that the US economy continued to grow at a “modest to moderate pace” in June and early July, with manufacturing expanding in most areas of the country.
Most foreign currencies declined after all managed to advance Tuesday. Only the GBP advanced, benefiting from on a united MPC and better than expected UK data.
The US stock markets finished Wednesday with small gains. The Crude Oil/Gold ration rose.
The short-term outlook for most foreign currencies is sideways in here. The medium-term outlook for most of the foreign currencies is sideways. The LGR short-term model is long most foreign currencies. stay tuned…
Latest posts by Paul Ebeling (see all)
- Gold Trading Above Trendline Resistance, Crude Oil Bears Rule - February 11, 2016
- Donald Trump Proving That Fox News Is No Longer Relevant - February 11, 2016
- A Close Look At Thursday’s Market Events - February 11, 2016
- Forex Technical Outlook For EUR/USD (Daily) - February 10, 2016
- Chicago Agriculture Commodities Finished Mixed - February 10, 2016
Trade FX, Equities and Options with the World's Leading Platform , call our trade desk 631 482 0376, or contact us to get started.
A Close Look At Thursday's Market Events $QQQ, $DIA, $AMZN, $CSCO ... read more
Forex Technical Outlook For EUR/USD (Daily) $EURUSD, $DXY Euro EUR/USD ... read more
Gold Trading Above Trendline Resistance, Crude Oil Bears Rule $GLD, ... read more