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19 May 2014
Risk appetite poised to gather steam - Societe Generale
FXStreet (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale, expects the risk appetite to start on the right foot at the beginning of the week.
Key Quotes
"Good morning. An excellent, if slightly traumatic weekend is over but the sun is still shining in London."
"Mark Carney says rate hikes the policy tool of last resort to tackle a housing boom; WSJ's Jon Hilsenrath says the Fed is thinking about looking to place more emphasis on reverse repos and the rate the Fed pays for reserves, than Fed Funds; and the FT's Wolfgang Munchau is one of many who think the ECB will cut rates but not go 'the full QE' in June".
"Weekend news of more weakness in Chinese housing sounds a bit of an alarm, the Indian Rally goes on and if you put all the news together, we have the recipe for a risk rally, though I'm sparing a thought for the flood-afflicted in Eastern Europe."
Key Quotes
"Good morning. An excellent, if slightly traumatic weekend is over but the sun is still shining in London."
"Mark Carney says rate hikes the policy tool of last resort to tackle a housing boom; WSJ's Jon Hilsenrath says the Fed is thinking about looking to place more emphasis on reverse repos and the rate the Fed pays for reserves, than Fed Funds; and the FT's Wolfgang Munchau is one of many who think the ECB will cut rates but not go 'the full QE' in June".
"Weekend news of more weakness in Chinese housing sounds a bit of an alarm, the Indian Rally goes on and if you put all the news together, we have the recipe for a risk rally, though I'm sparing a thought for the flood-afflicted in Eastern Europe."