Daily Archives: February 3, 2011

What Fed Chairman Bernanke said today

Posted on February 3, 2011 by GCI Financial

Fed policy not chasing commodities higher
Fed policy adding to equities gains
“Substantial slack” in economy
Mum on Q3 Continue reading →

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Euro bulls bail as Trichet fails to increase hawkish rhetoric

Posted on February 3, 2011 by GCI Financial

EUR falls on Trichet
Markets await Bernanke
UBS sees delayed SNB hike
Egyptian tensions flare Continue reading →

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Dollar marginally stronger.

Posted on February 3, 2011 by GCI Financial

With much of Asia on holiday, the FX price action was relatively subdued. The dollar did strengthen marginally on signs of escalation in Egypt which coincided with a general stalling of the risk rally. EURUSD traded 1.3771-1.3817, USDJPY 81.49-81.76. A better ADP print also helped… Continue reading →

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