Fx Market Will Now Face the Standard Dilemma of Whether to Fade This Rally or Chase It Higher

Posts : 8759 Join date : 2012-01-25

Fx Market Will Now Face the Standard Dilemma of Whether to Fade This Rally or Chase It Higher

Quotes from HSBC Global Research:
-Contrary to gloomy expectations, the EU summit looks set to deliver a series of important steps to ease the Eurozone crisis. This has fostered a bounce in the EUR and "risk on" currencies.
-The FX market will now face the standard dilemma of whether to fade this rally, or chase it higher. The answer may be provided by bonds. If spreads narrow ina sizeable and sustained way, FX may be more confident about the rally.
-If the rally fades, EUR bears will be energised by the failure of EUR to hold its gains even after demonstrably good news.

More FOREX-news on pages InstaForex.Com Fx Market Will Now Face the Standard Dilemma of Whether to Fade This Rally or Chase It Higher Instaforex_mb_760x151_en

Fx Market Will Now Face the Standard Dilemma of Whether to Fade This Rally or Chase It Higher Instaforex_mb_760x151_en

» S&P 500 Needs Close Above 1,083 for Gains: Technical Analysis
» Euro Halts Rally As Market Focus On Bernanke's Testimony
» Trichet Market Rally May Let Bernanke Hold Off on Bond Buying
» GBP/USD: BoE Ready To Add Stimulus If Positive Signs Fade
» Greek Debt Concerns Fade, But U.S. Fiscal Cliff Worries Stay!