- Will there be any discussion at the G8 meeting about the reserve currency question? The FX market will react to any mention and the most likely outcome would be another wave of EUR/USD buying.
- What’s China up to in the EUR/USD? What are they doing with their USD trade surplus if they cannot buy and stockpile commodities and major acquisitions like Rio Tinto and Opel are considered “politically not viable”?
- What is Europe to do about it’s blatant lack of leadership and the problems in Eastern European economies?
- What effect will the SNB intervention eventually have? The market is sitting very short CHF and is relying on the SNB to hold it up. If the market breaks below 1.5000 in EUR/CHF and there is no SNB- what then?
Lots of questions. Answers expected sometime, maybe not soon.
