Archive for July 26th, 2010

Yen Weaker as Risk Sentiment Gets a Nice Boost

Monday, July 26th, 2010 at 2:27 pm  
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G10 Advancers and Decliners vs USD
GBP 0.26
CHF 0.26
EUR 0.19
JPY 0.04
The Yen has been weaker this morning as risk sentiment encountered a nice boost on a combination of positive data. First off, growth data from South Korea’s showed an increase in GDP to 1.5% from the previous three months (analysts’ expectations were for an increase of 1.3%). The Korean Won appreciated as much as 0.50% against the Greenback and the optimistic growth figures sees another Asian…

After the Stress Test

Monday, July 26th, 2010 at 2:27 pm  
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The substance and meaning of Friday’s Stress test results are still be hotly debated. Financial pundits are putting enormous emphasis on the European open as the barometer of the market’s sudden confidence in the results. We are still unconvinced about the stress tests and doubt that a single market open/trading day will create the directional rush some participants are looking for. FX markets…