Even though a change in trend on the weekly chart may seem far from this point, relief rallies
may take place especially after the index's stability over the 8,000 support level.
He said those relief rallies
were perhaps driven by local monies and sustained post-May 2004 and 2010 elections.
However, relief rallies
aside, a key feature of David Cameron's longterm campaign was the promise of a referendum on Britain's membership of the European Union by the end of 2017 if he won a majority, despite his own contention that Britain should remain part of the union.
Overall, I think the opportunities to buy 14/15y at more attractive levels are fairly likely to re-appear in the coming weeks, so there is perhaps no need to chase relief rallies
, but rather stick to buy on dips tactics when the yield spikes north of 8.
The UAE markets are struggling to replicate relief rallies
evident elsewhere," said Julian Bruce, equity sales head at EFG-Hermes Holding SAE.
Summary: It has been a volatile week for risk appetite as the markets have swung from full blown panic to record breaking relief rallies
in the span of five days.
The war itself would not last long and its end would precipitate relief rallies
in financial markets,'' ING's chief economist Tim Condon said.
Is this another in the series of relief rallies
after some ugly days over the summer or is there some new fundamental news in the jobs report?