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News Delivered To You: Daily Fundamentals Article

Wednesday, May 9, 2012

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DailyFX Delivered To You: Daily Fundamentals Article

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Please see below for today's Fundamentals article:

  • Flight to Safety Continues as Safe Havens Outpace Aussie, Euro
    No news out of Europe has been bad news, with little resolution in sight for the political impasse currently developing among Greek leaders. A few thousand miles to the west, stress in Spain is adding fuel to the fire, creating the necessary contagion condition for a global flight to safety, mainly into the US Dollar.
  • Bearish Euro Formation In Play, Sterling Outlook Hinges on BoE
    Increased turmoil in the euro-area continued to sap risk-taking behavior on Wednesday and the flight to safety may gather pace over the remainder of the week as European policy makers struggle to stem the heightening risk for contagion.

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