On Tuesday Stock markets and currencies shoots up across globe on hope of FED easing but high probablity that FED may just keep playing with word
" EASING ON TABLE ".Today's FED policy will be trendsetter for particularly gold and US stocks.
Meanwhile G 20 keep pressure up on Agela Merkel for " Quick and Concrete " action to resolve european debt crisis but Chuck Butler, President of EverBank World Markets, considers it an ineffective approach: “For one thing, the German constitution, if you will, is not going to approve her saying that she'll pool euro-area debt. So, the G-20 leaders are barking up the wrong tree.”
There was high demand and simultaneously high yield on spanish 12- and 18-month bonds. They raised 3.04 billion euros out of the 3.0 billion target. Still, the yield the country had to pay to issue 1-year debt reached a euro area record high of 5.074% in comparison with 2.985% seen at the previous auction.
Today's important economic data,
" EASING ON TABLE ".Today's FED policy will be trendsetter for particularly gold and US stocks.
Meanwhile G 20 keep pressure up on Agela Merkel for " Quick and Concrete " action to resolve european debt crisis but Chuck Butler, President of EverBank World Markets, considers it an ineffective approach: “For one thing, the German constitution, if you will, is not going to approve her saying that she'll pool euro-area debt. So, the G-20 leaders are barking up the wrong tree.”
There was high demand and simultaneously high yield on spanish 12- and 18-month bonds. They raised 3.04 billion euros out of the 3.0 billion target. Still, the yield the country had to pay to issue 1-year debt reached a euro area record high of 5.074% in comparison with 2.985% seen at the previous auction.
Today's important economic data,
- UK unemployment rate
- UK BOE minutes
- US EIA crude oil inventories
- US FOMC meeting & economic projections
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