Daily Archives: July 9, 2012

US Dollar Strength (USD) Prevails, Risk Aversion Prevails

Posted on July 9, 2012 by

The USD made strong gains across the board on Friday, helped by a combination of generalised risk aversion as the US employment numbers offered no real reason for economic optimism, and renewed uncertainty about the shape of the reforms proposed … Continue reading →

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Focus in Europe – Politics, Again

Posted on July 9, 2012 by

Thursday’s central bank decisions and policy statements had a marked impact on financial markets. ECB President Draghi appeared to undo much of the positive sentiment in the wake of the EU Summit in the ECB press conference. Spanish yields soared … Continue reading →

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New Target GBP/EUR 1.285 In The Medium Term

Posted on July 9, 2012 by

Sterling continued to be dragged lower against the USD by the EUR, but EUR/GBP also hit new lows for the year on Friday, and the 0.7694 low from October 2008 is now the obvious target, but the 0.7784 retracement target … Continue reading →

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