According to a bloomberg survey, the consensus is for a Euro rebound in 2008 to 1.40 to 1.45. There are some commentary on Sudeutsche Zeitung talking about USD rebound to 1.3000.
Also there is a US Treasury bill auction coming up on Monday 17 Dec 2007. That has contributed to the demand of USD over last week.
There are housing related data, inflation data in coming week, before Xmas. Also 21 Dec is the option expiration date as well. Hence the bankers and traders would be kept busy right up to the last minute of Xmas. Lehman Brothers, Goldman Sachs annoucing results coming week as well.
We may see a rapid equities market contraction, flight to safetly movements.
For some people it is going to be a Black Xmas.
More for the subscribers........ read my earlier post on subscription details.
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