FXstreet.com (Barcelona) - Merrill Lynch analysts expect the US data to show signs of is hindering corporate investment and durable goods expenditure due to uncertainty, besides of the euro area recession and China’s modest recovery. So, while the trading environment is currently calm with European policymakers on hold and better than expected NFP in the US, a storm is expectable soon: “All in all, compared to August 2011 – when markets were haggled by the risk of a US default and an escalating European crisis – the current trading environment feels calm, however in our view this may not last”, wrote analyst Gustavo Reis, pointing to the key event being Fed’s Bernanke speech at Jackson Hole in August 31.
Forex Flash: Markets calm ahead of 31-Aug Fed’s Bernanke – Merrill Lynch
Fri, Aug 10 2012, 13:53 GMT | FXstreet.com
EUR/USD May 22 at 01:03 GMT
1.2922/28 (0.14%)
H1.2940 L 1.2905
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
