Wednesday 2 November 2011

FX European Briefing 11.02.2011

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Talking Points
  • US Dollar Consolidates Overnight, S&P 500 Futures Hint Pullback Ahead
  • All Eyes on FOMC as Markets Look for QE3 Clues to Reboot Risky Assets
  • German Jobs Report Likely to Pass with Minimal Response from Markets  
US Dollar to Fall as Markets Tap FOMC for Excuse to Recover

The safe-haven US Dollar is likely to weaken as markets find just enough dovish content in the FOMC policy announcement to force a rebound in risk appetite.

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