Thursday, November 5, 2009

Fed Policy to Refuel Risk Trades?

During the last two months, all asset prices have risen sharply. Are we going to see a continuation in this trend or a turn around?

Prices on Sept 4:
Dow 9441.27
EUR/USD 1.4293
GBP/USD 1.6389

Prices now (2 months later):
Dow 9802.14 (+360 pts)
EUR/USD 1.4875 (+582 pts)
GBP/USD 1.6555 (+166 pts)