EURUSD, GBPUSD and S&P 500 Fully Dependent on Stimulus Hope

EURUSD, GBPUSD and S&P 500 Fully Dependent on Stimulus Hope


It is hard to believe that the carry curriences, stocks, commodities and risk appetite in general are advancing on expectaitions of growth or higher rates of return moving forward. So, why do AUDUSD, EURUSD and the S&P 500 continue their charge higher - hope. Hope of further stimulus to offer another swell in speculative capital that traders can take advantage of. Yet, the Fed didn't offer the confirmation that many where hoping for in a QE3 forecast, and the risks to the fragile stability we have enjoyed recently have grown. This is a tenuous balance where even a mild rumble in sentiment can cause a seismic shift in positioning.
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