Thursday, June 16, 2011

Risk Sentiment Dealt ''Crushing Blow'' - 16 June 2011

Risk Sentiment Dealt ''Crushing Blow'' - 16 June 2011

Fear steamrolled sentiment. Equities fell 1.0% or more, with EU periphery bourses underperforming. In FX, USD benefited fr om the singular aversion to risk. This overshadowed generally soft US data. 'L et's Hollah for the Dollah!!'. USD gained 2.0% against NOK and SEK, and 1.0% aga inst EUR, NZD CAD, GBP and AUD. USD/CHF was up just below 1.0%. The decline in t he S&P 500 (-1.9%) brings the 200-dma at 1256 into play... Read more