Thursday, 6 October 2011

FX European Briefing 10.06.2011

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MYFCXM Depositing Funds Trading Signals
Talking Points
  • US Dollar, Japanese Yen Outperform as Risk-Averse Dynamics Return Overnight
  • British Pound Sold Ahead of Bank of England Rate Decision on QE Reboot Fears
  • Euro Appears Vulnerable Regardless of ECB Decision on Benchmark Interest Rate  
Euro May Fall Even if ECB Opts Not to Cut Interest Rates

The Euro appears vulnerable heading into the ECB policy announcement, with the currency seemingly likely to fall whether the bank opts to cut interest ratesor not.

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