Currency Positioning and Technical Outlook: High Noise to Signal Ratio
The official talk around the G7 statement and the G20 meeting generated a great deal of needless noise in the foreign exchange room. It is almost like a librarian yelling "Quiet". It may be more disruptive than the initial noise. With the meetings out of the way, we expect the official jawboning about the currency market to die down. Of course, there is a chronic low level murmur of economic commentary that may have broad implications for foreign exchange rates. Over the course of the past week, the currencies we analyze here, with the exception of
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Currency Positioning and Technical Outlook: High Noise to Signal Ratio,
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