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)
- RMB Yuan Internationalization Success Seen In Payments Figures - August 28, 2014
- LME Base Metal Prices Close Lower Wednesday - August 28, 2014
- Avocados Are Good, And Good For You - August 28, 2014
- Thailand Moves To Halt Stock Manipulation - August 28, 2014
- The Most Expensive Things In The World - August 28, 2014
US Stocks Finish Flat On Very Light Volume IBB, XRT, ... read more
RMB Yuan Internationalization Success Seen In Payments Figures New figures ... read more
LME Base Metal Prices Close Lower Wednesday The base metal ... read more