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Hi everybody, and welcome back. I will try a new trick: i’m not going to use the word RISK anymore. Really, I’m a bit tired of this risk aversion/appetite question. Yesterday, stocks in the U.S. fell barely 60 points intraday, and managed to close in the green side. Oil lost a couple of dolars reaching $60.00 a barrel (now is again close to $62.00) and Japanese yen rose between 300/500 pips against majors rivals. As I said earlier yesterday, it was just panic. The IMF says, G8 says, and even! what they DON’T say, is taking into account. The fact is that we are still in range, with no trend definitions. Logical if we consider the global crisis and the lack of real signs of recovery. Anyway, today we have some macro data to take care of, and I will be covering Live! BOE’s decision at Fxstreet.com home page. So I hope I see you all there. Here is the link for today’s calendar:
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!