Daily Archives: April 7, 2008

Weekly outlook for Majors

This week we have BOJ, BOE, and ECB all announcing their own interest rate decisions.  We expect BOJ and ECB to do nothing while BOE cuts rates.  We do expect Trichet to be less hawkish in his tone this time around and that should take the idea of the Euro moving above 1.60 off of…

Weekly outlook for Commodities

Commodities are trying to resume the rally and it may work.  We expect to see commodities chop around the current levels for the next week of so while we put in a solid base.  We had been looking for a much deeper correction to come in commodities but it now appears that call was premature. …