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Risk appetite firms
Risk appetite is slightly firmer at the end of the week. US data failed to deliver much guidance on Thursday following a better than forecast trade deficit but disappointment on jobless claims. US retail sales came in better than expected on Friday...
AUD and NZD outperformance
Just as the euro looked as though it was showing some signs of rebounding following the battering it received in the wake of the downgrade of Greece’s credit ratings, S&P placed Spain on credit watch negative from neutral, which helped drag EUR...
Ratings Concerns Hit Euro
Post payrolls euphoria has faded quickly this week. Fed Chairman Bernanke’s cautious comments about growth had weighed on US markets earlier but it is now eurozone concerns that have come to the forefront. Markets were faced with a further realit...
Renewed caution
Risk appetite is struggling to make any headway, with equities losing ground overnight. The positive impact on markets and adjustment to growth expectations following the US jobs report has given way to renewed concerns. Caution increased as Fed C...
Jobs data and the dollar carry trade
To see my latest article in the Financial Times View Of The Day section click on the link below Jobs data and the dollar carry trade ...
Post US Jobs Data FX Outlook
The massive upside surprise to US payrolls could prove to be a significant turning point in the US dollar’s fortunes. To summarise for those who have not already been bombarded with the press reports, payrolls dropped by 11k, much less than expecte...

