Trade Talk: What's Moving Markets continuous on Forex Forum Key Items: U.S.- API, CA- Ivey PMI. As expected, the Reserve Bank of Australia (RBA) kept rates steady today (4.25%), but signaled the possibility of future ease. On Thursday, the RBNZ, ECB and BOE will make policy decisions. All three are seen keeping policies on hold. Their biases will be closely followed. U.S. monthly employment data are set for Friday. ADP private employment data on Wednesday will have a strong influence on market expectations for Friday. The struggle over Greece continues as there remains a question whether an official default will be declared. Today is "Super Tuesday" for the Republican presidential primaries. data The outcomes for a number of key states will be watched as that party struggles to select its candidate to run against President Obama in National elections in the fall. Check the Forex Forum over the day for an updated and ongoing discussion of current trading themes in the MARKET CHATTER continuous discussion thread.Forex pairs vs 2-yr note spreads Some traders focus intently on the Japan vs. U.S. 2-yr note spread (only the U.S. 2-yr moves much). COMMODITIES and Commodity Currencies
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Click on Chart to Enlarge EQUITIES & INTEREST RATESBonds are a counter to risk trades because risk investments must be financed. When the cost of money moves up (higher interest rates), the return and allure of risk trades such as equities falls. See ECONOMIC CALENDAR for a complete list of future forex market events and consensus data estimates. Go to the forex forum for up-to-date market developments and technical trading ideas. John M. Bland is an author and co-founder and partner of Global-View.com. Prior to Global-View.com, he was a forex trader and a private-label forex analyst for a top Fed watching service in NYC. He has been a corporate forex advisor and also worked in international liability management for a major N.Y. money center bank. John holds an MBA from the University of California at Berkeley and a B.A. in International Economics from that school. The information upon which Global Viewpoint, Inc. Bases its Forex analyses is obtained from sources it believes are reliable, but Global Viewpoint, Inc. Does not guarantee the accuracy, reliability, timeliness or completeness of any of the information, content, views, opinions, recommendations or services, contained on, distributed through, or linked, downloaded or accessed from any of the services contained on the Global-View site, and use of the information provided on this web site is at your sole risk. Global-View specifically represents that it does not give investment advice or advocate any purchase, sale or trade. Opinions expressed on the forum pages are not necessarily those of Global Viewpoint, Inc. In using the forums you should not assume that any messages provided have been reviewed by Global- Viewpoint, inc., or that such communications contain correct information, Global Viewpoint, Inc. Disclaims any warranty, whether express or implied including, without limitation, warranties of merchantability and fitness for a particular purpose, with respect to the service or any materials and products. None of the materials presented on our web site are to be regarded as investment advice. In no event shall Global Viewpoint, Inc. And other information providers, be liable for direct, indirect, incidental, punitive, or consequential damages of any kind whatsoever.
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