Quiet day today with little in terms of economic releases as #volatility likely to pick up starting tomorrow. #RBA held rates unchanged and reiterated likely period of rate stability. Also, #AUD remains overvalued. #Deutsche Bank is now among the first banks to forecast a rate cut by the #RBA in 2015. #Europes latest stress test proved to have many flaws, threatening the actual health of many banks and whether they can withstand another #crisis. #Hedge funds closing doors faster than anytime since the financial crisis as managers post weak returns while an elite group dominates the money raising scene. #BNP #Paribas remains short the Euro as positioning remains moderate and the #ECB is likely to remain dovish.
Posted on: Tue, 02 Dec 2014 08:34:54 +0000
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