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Posted by fxrecommends@gmail.com on August 16, 2007, 8:44 am
Yes, it could be prolonged. Actually there is a difference between
stability and in stability even in case of funding as what has
happened in US and also in Europe and Japan. It is still instable and
exposed.
It is hard to calm the markets down. The belief of that the stock
markets collapse can be prolonged and no way to have new highs this
year in the stock markets derived the market to choose a safe haven
selling the stocks buying the USD and its treasury notes which pushing
them higher across the broad.
.
At this dovish sentiment, the Carry trade unwinding can get momentum
pushing the Japanese yen higher across the broad even versus the
greenback which is getting benefits from the treasuries buying and the
equity market liquidations in an aversion risk wave after the sub-
prime mortgage loans problems have spread out globally containing the
market sentiment. The persisting of this sentiment can underpin the
Japanese currency further versus the European ones in these days.
Best wishes
FX Consultant
Walid Salah El Din
Mob: +20 12 465 9143
E-Mail: mail@fx-recommends.com
http://www.fx-recommends.com
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