FX Weekly: 27th June
Broad based EUR declines look to continue this week – EUR/USD declines remain erratic while EUR/CHF continues to trade in sell-rallies mode
Greece is the still top of the agenda for policymakers worldwide – key developments expected this week – event risk is very high
US budget delay is wedging USD pairs into a corner – August 2nd deadline for an agreement with the patriotic July 4th breakthrough date – a budget announcement here would likely induce a goodwill rally of all USD pairs….but not takeout the ongoing USD downtrend
A post-quake Asian bounce is taking shape – Japanese data out this week will clarify and update. A below-par bounce may unsettle the carry trade as firm recovery expectations have already started to be priced in also being a possible
Greece is the still top of the agenda for policymakers worldwide – key developments expected this week – event risk is very high
US budget delay is wedging USD pairs into a corner – August 2nd deadline for an agreement with the patriotic July 4th breakthrough date – a budget announcement here would likely induce a goodwill rally of all USD pairs….but not takeout the ongoing USD downtrend
A post-quake Asian bounce is taking shape – Japanese data out this week will clarify and update. A below-par bounce may unsettle the carry trade as firm recovery expectations have already started to be priced in also being a possible
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