Daily Archives: September 1, 2011
Behavioral Finance: Daily Forex Outlook: No need for bad Italian budget news
EUR/USD (1.4375) Over the course of yesterday, traders became progressively aware of how far the Italian government had moved away from the rigorous austerity plan it proposed on August 12th. After already dropping the proposed wealth tax, policymakers scrapped the planned age adjustment for pension entitlements and the sharp cuts in funding to small towns.
FX Daily Strategist Asia – Thu Sep 1
JPY stronger on fixing demand, BoJ spent Y4.51tn on August 4 Month-end fixing flows and the risk of being whipsawed acted as a deterrent to position taking Wednesday. In the event, the JPY was the recipient of most attention, USDJPY running up into the 4pm London (WMR) fix only to drop 40 points immediately in […]