Forex News – 27th October 2011

EUR

voluntary 50% haircut for Greek debt held by the private sector, EUR106 billion of bank
recapitalization and a leveraged EFSF that should take the total close to EUR1 trillion
bicycle-kicked EUR/USD by +236 pips.

The highlight for today is the Advance GDP q/q in The US at 12:30 GMT. A weaker figure,
which shows a contraction will tremble the US stock market, which will have its
Impact on the FX markets, especially on USD and JPY.

JPY

FX intervention was not seen but further easing measures were employed by BoJ. I have
previously mentioned I was greatly uncertain of FX intervention overnight as
Should it take place it would be when the market is not expecting it.

In my views, The BoJ will wait for the outcome of today’s GDP in The US and then decide
whether to take any decisive actions. A weaker figure elevates the risk-aversion
In the financial markets, sending safe-haven flows in JPY.

The publication cannot be distributed, copied and/or make any other usage without Bloombex Ltd.
Consent and written approval.
Although the data has been collected from reliable sources Bloombex does not vouch its accuracy
or precision. The quotes mentioned are for indication only, the implied conditions will only be the concluded
conditions when executing the trade.
The review is presented for instructive purposes in condition it will not be the key factor for trading.
The contents of this publication should not be construed as an express or implied promise, guarantee
Or implication by Bloombex.

Share This Post

Related Articles

© 2017 Global Forex Update.com. All rights reserved. Site Admin · Entries RSS · Comments RSS
Powered by WordPress · Designed by Theme Junkie