Currency Analyst since 2010

BMO: summer trading

Analysts at BMO point out that in 2011 and 2012 when everyday trade was determined by the swings between the risk-on and risk-off and the main events were connected with the central banks’ emergency measures and political risks. This summer, however, the situation seems different and the markets are driven by the macroeconomic data. “Conditions should remain whippy within reasonably tight ranges for the balance of the summer”, says BMO.

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