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 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)
- Medical Marijuana: National Up Date - March 27, 2015
- Chicago Agriculture Commodities Finish Lower Friday - March 27, 2015
- LME Base Metals Finish Overall Lower Friday - March 27, 2015
- F1: Ferrari To Close Gap With Mercedes At Sepang Malaysia - March 27, 2015
- Latest Fed Yellen Speak: Rate Hike ‘May’ Be Warranted This Year - March 27, 2015
Trade FX, Equities and Options with the World's Leading Platform Open an account here , call us at 312 219 1354, or email us to get started.
US Stock Indexes Cap 4-Day Losing Streak Friday $IBB, $ITB, ... read more
Currencies Pause To Refresh, US Treasuries Off A Bit The ... read more
LME Base Metals Finish Overall Lower Friday The base metal ... read more
F1: Ferrari To Close Gap With Mercedes At Sepang Malaysia ... read more