July 25th, 2010 | 
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Archive for July 25th, 2010
Weekly Report w/e 24 July 10
The beginning of QE2?
Markets really took off on a tear this week benefitting from US Dollar weakness.
There was some apprehension late in the week in Forex markets also in advance of the bank stress testings results.
Good GDP numbers have been lifting stocks this week also and so the doom and gloom around the Euro and sovereign debt default potential is drifting into the background at the moment.
Also, with markets having fully digested the first round of Quantitative Easing (QE) – there is talk of the need for a second, and this will be a much larger round of QE – should the austerity measures introduced in the UK and other European countries stifle economic activity, which at some point is inevitable.