trade Talk: what is moving the markets continuing to Forex Forum key elements: EZ-Commerce, US-retail, Empire PMI.
1Q12 China decreased GDP expectations early on Friday. Year-on-year profit was 8.1% (exp 8.4%). In response, China expanded the team trading for CNY. A transition is taken as a sign does not apply to Beijing about the economy.
U.S. data on Friday had no ipacvt about the economic prospects of the U.S.Political pressures on the BATTLE remain intense. Odds are that the central bank will relax the policy on 27 April.
EURUSD is lower than late Friday. Key medium 20-day is 1.3208.U. s. 10-yr closed Friday at 1.99%, the s-5. The German Bund was 3.8%, the bond markets of the bp-4 are a key Barometer of confidence in the market.
Check the Forex Forum on updated and ongoing discussions of the current themes in the story of continuous discussion of market CHATTER.Forex par vs. 2-yr Note spreads
Some traders focus intently in Japan vs. U.S. 2-yr Note spread (only U.S. 2-yr moves much).
Click on Chart to Enlarge |
| Forex | | #REF! | | | GBP vs. | 20:03 |
| EUR | 1.3075 | -113 | JPY | 105.92 | -72 | JPY | 128.34 | -74 |
| GBP | 1.5843 | -120 | GBP | 82.53 | -9 | CHF | 145.71 | 29 |
| CHF | 0.9197 | 87 | CHF | 1.2025 | 11 | CHF vs. | | |
| JPY | 81.01 | 15 | | | | JPY | 88.08 | -68 |
COMMODITIES and Commodity Currencies
| Commodity | | | | | 20:03 |
| CAD | 0.9983 | 38 | AUD | 1.0367 | -63 | Gold | 1656 | -20.55 |
| CNY | 6.3035 | -46 | NZD | 0.0000 | 0 | WTI | 102.94 | -0.68 |
EQUITIES & INTEREST RATES
Bonds 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.
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