Saxo Bank Market call 7 july 2008 USD well bid through Asia

Added: Jul 7, 2008

From: Saxobankvideo

Duration: 5:28

EURUSD sold off in the Asian session on back of expectations that German figures once again will disappoint. Risk willingness took carry trades and the Nikkei higher. Overnight News BulletsGE Factory Orders MoM/YoY (May) out at -0.9%/-2.0% vs. 0.8%/2.0% expected. Prior at -1.7%/15.2%CA Ivey PMI (Jun) out at 69.6 vs. 62.3 expected. Prior at 62.5AU Aig Performance of Construction Index (Jun) out at 40.3 vs. 36.9 prior.JN Official Reserve Assets (Jun) out at $1001.5 vs. $997.0B prior.SZ Unemployment Rate (Jun) out at 2.3% as expected. Prior at 2.4%

Channel: News

Tags: analysis  bank  call  commentary  financial24  market  news  saxo 

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