TRADE IDEA & COMMENTS
Yesterday,Euro was sharply up.Investors liked Mr.Draghi bond buying programme and believed Euro is irrevisible.
Adds,US economic datas showed economy is slowing down.Especiialy,NFP and ISM Manufacturing Index announced lower than expectation.Mr.Bernanke warns labour market.NFP big miss on yesterday.ISM has high correlations with US GDP.ISM falling for three months.Well,market participations expect new QE at next week FOMC Meetings.Conclusion,I believe FOMC will release sterilized QE.I stay long Euro...
Adds,US economic datas showed economy is slowing down.Especiialy,NFP and ISM Manufacturing Index announced lower than expectation.Mr.Bernanke warns labour market.NFP big miss on yesterday.ISM has high correlations with US GDP.ISM falling for three months.Well,market participations expect new QE at next week FOMC Meetings.Conclusion,I believe FOMC will release sterilized QE.I stay long Euro...
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