Pondělí 27. září. Svátek má Jonáš.

Ken Veksler’s Market Commentary

13.01.2010 | 09:59 0 Komentářů

Good morning,

Looks like the Chinese have done it again! Having raised reserve/liquidity requirements for their domestic lending institutions overnight they have also managed to wipe a significant chunk of risk appetite off the table taking with it the recent JPY weakness we have encountered. So what does that mean? Well in short it means that Japanese Minister Kan is not to be paid any attention to as the domestic currency gathers strength for starters. What it also means though is that the market in my view is becoming increasingly edgy about which way to be placing their bets and the fact that we are indeed in my mind headed towards a correction in many markets. Clearly this goes hand in hand with what I perceive as a stronger USD in the new year, but as always the timing is key

Zdroj: Saxo Bank

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