Featured \Nick Nasad \ 12:39 PM EST \ July 13th, 2010
Global equities rallied as early 2nd quarter earnings were better-than-expected and Greece held a well received debt auction. That boosted risk appetite and helped “risk-on” trades as the Euro, Pound, and commodity currencies rallied against the greenback. We also take a look at UK releases and US and Canadian trade data.
alaidi: Pretty much replicated $EURUSD shorts on Thurs nite as on Tue; results were the same, peaks at 1.32 back to hit 13080s targets #forex 7 hours ago from TweetDeck
kathylienfx: Co-chairs of Greek Creditors Committee flying into Athens this w/e - either tough decisions need to be made or a deal is ready to be closed 20 hours ago from web
JohnKicklighter: ...great quote from Sebastien Galy at Soc Gen in that article, “The SNB’s hand is being forced and it will likely be fairly brutal.” 21 hours ago from TweetDeck
JohnKicklighter: According to a good FT article on SNB political pressure for solid intervention, the options market is pricing in a 30% chance of 1.20 break 21 hours ago from TweetDeck
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Daily Video Recap: “Risk-On” Trades Rally on Strong Equity Gains, Greek Auction
Featured \ Nick Nasad \ 12:39 PM EST \ July 13th, 2010Global equities rallied as early 2nd quarter earnings were better-than-expected and Greece held a well received debt auction. That boosted risk appetite and helped “risk-on” trades as the Euro, Pound, and commodity currencies rallied against the greenback. We also take a look at UK releases and US and Canadian trade data.
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