DJ Forex Focus
Uncertainty over the U.K.'s political future, a bearish policy setting whoever is in Downing Street and global sentiment on a knife edge will all keep sterling on the slide.
0 comments All the currency dials are turning dollar-positive. U.S. data continue to point to recovery. Contagion fears continue to stalk the euro.
0 comments The yen looks set to resume its slide against the dollar after a brief respite last month. The Greek rescue package last weekend lifted the market only slightly amid ongoing concerns over a spillover effect, even though evidence elsewhere indicates a global economy in recovery.
0 comments An uncertain outlook for the euro means the Swiss National Bank will probably have to intervene again to stop the Swiss franc from rising too fast.
0 comments Risk taking in this market is only for the very brave. Hopes that pressure from the U.S. may be pushing the European Union to come up with a larger and longer term rescue plan for Greece as early as this weekend has certainly lifted global optimism.
0 comments The recent yen slide looks like it is now truly over. Only a few days ago, the Japanese currency was still under selling pressure as evidence of global recovery increased and speculation of interest rate hikes elsewhere in the world took their toll.
0 comments This could be the start of a nasty pre-election tumble for sterling. Over the last few weeks, the pound has been largely immune to political risk, finding support from strong economic data and a widening in sterling yield differentials against the dollar, the euro and the yen.
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2 comment Fears of euro-zone debt contagion will hurt more than just the euro. There are already signs that investors are now looking to pull back from risky asset markets in general, a move that will put emerging markets as well as commodity prices under pressure.
0 comments Once again, it is time to support the yen. Despite clear signs last month that the Japanese currency will come under selling pressure if, and when, investors focus on yields, there is little sign of this happening yet.
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