Just like the previous wee, this week will find itself under the influence of the Group of Twenty meeting, which has managed to break one of the market’s trends in order to establish another. The most important evolution of the market is related to the fact that the risk aversion caused by the downgrade of the credit rating of bank in Europe and in Spain did not manage to last for long, but has soon been replaced with a new wave of optimism caused by the optimism related to the results of the Group of Twenty meeting. This means that the trend broke as the volatile price action which has been visible in the p0revious weeks has now disappeared without warning.
This has led to the growth of higher-yielding assets, such as commodities, stocks and other risk-related assets. One of the great evolutions has been that of the Australian Dollar, which has posted gains as big as Read more »