The global market meltdown extended once again on Friday, creating new speculation that a Fed rate hike may not happen in September as many had expected. Bobbi Rebell reports.
Divergent trading themes confuse markets EM Currencies print multi year lows China has reason to adjust its RRR this weekend Geopolitical worries supports safe haven demand It’s relentless and there is no let up in sight anytime soon.
EUR/USD may continue to give back the rebound from earlier this month should the U.S CPI report boost speculation for a Fed rate hike in September.
The British Pound may rise if July UK CPI figures top analysts’ expectations, boosting speculation about an on-coming Bank of England interest rate hike.
A few major themes have seemingly come to a close (rapid Yuan devaluation and Greece crisis) and now new ones will step in (rate speculation and commodities).