FOMC!!!! How nice that Alan spoke about "Inflation". Ok it was not long along which we toyed with the word "Deflation". All eyes on this CPI tomorrow. If it does not confirm Alan's comment, there should be some serious recovery before Easter holiday. The question should be is Carry trades over or not?
Let's mark these levels:
10y note 4.63%
10-2 yld 82bp
10y swap spread 46bp
EMBI+ 355bp
AUD/JPY 82.19 EUR/USD 1.3078
USD/JPY 105.34 AUD/USD 0.7801
USD/BRL 2.6963
Gold 427
CRB 313
SP500 1172
RMS Index 708
TOL 76.85
C 44.44
Wednesday, March 23, 2005
Have we seen it before
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1 comment:
USD is getting its new lease of life... even Gold is heavy, softies are not looking too well
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