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Yen – Flat
Is this the opportunity to get out of shorts?
In an effort to state how badly the markets are ignoring risk, we at Notes From Underground warned about being short volatility. As we head into the Passover and Easter holidays there is much on the table that financials fail to appreciate. 560 more words
The pound slipped on Friday due to the weaker than forecast construction data. The Bank of England’s interest rate decision weighed in on the currency. Sterling fell as investors broadly ignored the publication of a number of reports which showed that inflation in the euro zone fell more than forecast in March. 156 more words
Here are the major events occurring for the major currency pairs this week. For the USD, US advanced retail sales should show an improvement from prior, following the retail sales release on Tuesday there should be a pickup in CPI data which should lead to a further USD bounce. 69 more words