Overnight Thursday, Asian markets saw a timid rally, putting an end to a rather demoralizing week. It will be interesting to see whether the purge is truly over on Monday morning, or if this was simply a temporary correction.
In Europe, Inflation figures for May and First Quarter Unemployment numbers were posted Friday morning. Not surprisingly, YoY Employment fell 1.0% while prices increased by 1.4% as expected. In other words, nothing to impact the euro, which is relatively stationary against North American currencies.
This lull offers an excellent opportunity to review your hedging portfolio. Summer poses a challenge in terms of discipline in applying strategies, as individuals authorized to trade within your company are less likely to be available. However, summer has often brought with it attractive opportunities (or risks, depending on your point of view!) in recent years. Talking with your trader to ensure sound planning and carefully positioned orders could make your return from vacation much more pleasant.
Benoit Marcoux
Range for the day : 1.0150-1.0230 
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Timid Rally In Asian Markets: Friday, June 14, 2013
Published 06/14/2013, 02:47 AM
Updated 05/14/2017, 06:45 AM
Timid Rally In Asian Markets: Friday, June 14, 2013
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