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Forex Market Awaits Interest Rate Decisions
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by gracecheng | March 7, 2007 at 08:07 am
255 views | 10 Recommendations | 2 comments
There is a certain kind of calm in the forex market today, but this calm is just a deceptive facet. I know that the volatility dust is going to be kicked up again either tomorrow or on Friday. Tomorrow we are going to hear from two central banks in Europe,...
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at 08:21 on March 7th, 2007
Grace, I've been reading a lot and watching even more and to tell you the truth I still don't quite understand what the substantive changes are that have resulted in this bit of a storm. Would like your thoughts on this.
at 18:30 on March 7th, 2007
Hey ANG, global stock markets (in Asia as well) have taken quite a severe beating over the past week over rumours that the Chinese government might legislate a new law that would be unfavourable to foreign investments in the country. Also, since Greenspan mentioned possible "recession" in the US by year-end, that caused the markets to panic too.There also has been massive liquidation of carry trades.