Monday, January 22, 2007

FED on the move

After last week of Ben Bernanke speech which is hawkish, supported with positive reinforcement from fundamental. I guess everyone is clueless regarding the next step of action. Today's market is a very narrow market with those trader who trade, holds their position overnight.

Ok, this is FED summary conclusion, which of course leaves me with a USD negative impression:
Moskow Sets Retirement, Leaving Fourth Fed Opening
Fed's Hoenig Says Inflation Too High; Interest Rates May Help
Bernanke Warns of Possible `Crisis' From Budget Gap

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home