Collinson FX Market Commentary- June 25, 2012 - The Dead Cat Bounces
by Collinson FX on 25 Jun 2012
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Collinson FX market Commentary: June 25, 2012
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Markets experienced a 'Dead Cat Bounce' after the sell-off on Thursday. All problems remain and a solution does not seem near. Banks remain closely watched as their Balance Sheets remain enhanced by Central Banks and their P&L boosted by yield curve plays.
Further developments in Europe will remain the market determination. This week markets will also view economic data in the US, highlighted by Housing Data.
Europe will continue to dominate with the EUR looking weak trading 1.2550 and the GBP 1.5580. Commodities remain vulnerable despite higher yields as risk appetite fades.
The AUD may well test parity and the KIWI dips under 0.7900.
No major events are scripted but Eco-Political events remain key.
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