See what's driving the bid and ask in the forex market with the daily "Morning Currency Wrap". Keep up to date with the geopolitical events that are on a trader's mind. Learn about the current trading themes and occasionally pick up a trade call.
Sunday, October 10, 2010
Just another photo op - no deal
What did you think was going to happen. Did you really think that 20 or more countries can up with a solution. Back in the G3 or G5 days there would have been a chance, but with 20, not a chance. Also I don't think China was in a mood to strike a deal after Chinese dissident Liu Xiaobo was awarded the Nobel Peace Prize; and President Obama called on China to release him from prison. A deal will only happen when the major players have their backs against the wall.
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