FX Weekly: 8th August 2011
US and Europe stay mired in crisis. World markets are very uncertain and volatile. Emergency meetings planned in Switzerland, Europe, US and G7
Oil prices suffer sharp retracement – strong indication that oil prices are mostly speculation driven rather than relating to actual supply shortages or demand spike. Oil price volatility is exceptionally high right now
Last week’s spike in USD was the second largest since Lehman default in 2008
The data calendar is light this week; most intriguing data comes from China
Norges bank expected to hike 25bp on Wed; event risk is high because a pause could very plausibly happen due to deteriorating world economic conditions
Oil prices suffer sharp retracement – strong indication that oil prices are mostly speculation driven rather than relating to actual supply shortages or demand spike. Oil price volatility is exceptionally high right now
Last week’s spike in USD was the second largest since Lehman default in 2008
The data calendar is light this week; most intriguing data comes from China
Norges bank expected to hike 25bp on Wed; event risk is high because a pause could very plausibly happen due to deteriorating world economic conditions
0 Response to "FX Weekly: 8th August 2011"
Post a Comment