Forex Brokers

The Current Market Sentiment

By:   ACM Advanced Currency Markets
  • 26-07-2007
0
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Carry trade unwinding containing the current market sentiment. The belief that the recent high yield currency run was excessive could support the Japanese currency versus the single currency and the pound.

We wait at the beginning of Asian trading the release of Japan CPI of June which can shown the current stance of inflation pressure.

At any case the greenback is still depressed by the housing market slow down and the expectations of that the worse has not come yet and there can be a prolonged negative impact on the US economy and the crediting stability in US.

The decline of the stock market in US and the mistrust wave has encourage the both side story supporting the Japanese currency dragging the USD under 120 and in the same time the pound was depressed on the impact of hiking materializing on the housing prices today as the housing prices has increased yearly by just 9.9% lower that 11.1% of last month and the market expectation of 10.6%

We wait tomorrow for the release of US GDP of second quarter and our eye is on the price deflator of it in the same time we expect just 3.5%

 


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