By: Mr.Fog on Giovedì 27 Gennaio 2005 20:36
Sul rimbalzo...direi che Delta ha ragione.
1^ troppo telefonato: scagli la prima pietra chi non pensava ad un rimbalzo...tipo 3 dev standard...ecc.ecc..
2^ Per i prox 10 gg. tropppa incertezza, puo' accadere tutto o niente.
OPEC meets Sunday, and while some of its members probably want to cut back production, early word has it that no production cuts will be implemented at this meeting. Still, the potential for price dislocation resulting from statements by one or other oil minister always is a risk.
The Iraqi elections are on Sunday, and just about anything can happen that day: more violence than expected, less violence than expected, chaos at the polls, surprisingly orderly voting at the polls, large turnout, small turnout... etc... (you get the picture). Certainly, some event risk might emerge from Sunday's elections.
The FOMC meets next Monday and Tuesday, to decide if short term interest rates should be hiked a 6th time since June-- to 2.50%. I suspect that tomorrow's advance estimate of Q4 2004 GDP might have some influence on the Fed's decision.
G-7 (plus an invite to China) meets next Friday and Saturday (Feb. 4-5) where some people are expecting the issue of Yuan devaluation to be aired- a contentious issue that could have a serioius impact on a host of financial markets going forward.
3^ piccola nota tecnica: si sale e si scende in 3 onde....il mercato non ha ancora deciso.