Monday 9 January 2012

Correct on 2012 So Far.

Morning all. As we expected, the first week in 2012 was a welcome relief from the downbeat tone towards the end of 2011. Now, as NY hysteria dies down, the strongly bid markets have become more melancholic into mid-Jan with the Euro tearing into 1.26XX territory against the Dollar.

I wouldn't be surprised if we saw a flat week, setting up some sort of equity-currency "re-couple". As we can note in the chart below, investors have markedly fled from the risk currency (EUR) but other risk assets, notably the EuroStoxx, are yet to follow suit.

Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Legal Disclaimer

Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice or recommendation by us and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.

We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Appropriate independent advice should be obtained before making any such decision. Any arrangement made between you and any third party named in the site is at your sole risk and responsibility.