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Article: DailyFX Analysts Were Cautious in February As Markets Lacked Clear Direction, Where Do They Stand Now?
- Article from:
- Mena Report
- Article date:
- March 26, 2009
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Summary: February was a very difficult month to predict price trends which keep DailyFX analysts cautious when making their bets. Rate cuts, stimulus plans and...
February was a very difficult month to predict price trends which keep DailyFX analysts cautious when making their bets. Rate cuts, stimulus plans and other efforts to promote growth from the various governments were offset by lingering concerns over the financial sector and the lack of a coordinated effort. The U.S. government finally reached an accord on a $780 billion dollar stimulus plan in February which many thought would help inspire demand for riskier assets. However, further signs of trouble ...