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Nov 14, 2013
Session recap: “Risk on” rules in Asia; takes toll on Yen
The global attitude toward risk caught a big boost Wednesday by the super-dovish musings of Fed Chair-to-be, Janet Yellen. That bullish attitude toward risk carried over into Asia and got an additional boost by the current Fed Chair, Ben Bernanke, basically echoing Yellen’s dovishness with easy money talk of his own.
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Nov 14, 2013
GBP/USD had “abc” correction in first few hours of Asian session; now working higher
The GBP/USD had a great day Wednesday and spent the first few hours of the Thursday Asian session correcting lower in “abc” fahion. Now, though, the cross is headed higher once again.
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