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Daily Trading Stance - February 2, 2010 by Trading Floor is a document available to read on EtoBox.

The RBA took the market by surprise and kept the rate at 3.75% (a hike to 4% was expected). AUDUSD underperforming on this, but still trading above 0.8735 support. AUD could also get hit today from news of additional tightening in China. Obama’s plan to cut the budget deficit is good news for bonds, but it’s bad news for stocks and growth. Higher income and corporate taxes are not what the doctor ordered. So far, stocks are higher on the news.  Corporate bond spreads are CDS prices are slightly higher aga

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Trading Floor

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EN