Author: trulawmoss

Sentiment and thus performance of financial markets fluctuated according to the headlines of US fiscal cliff negotiation. Earlier in the week, investors were optimistic as the GOP said that President Obama’s new proposal pointed to the right direction. Yet, confidence was shaken as the President threatened to veto House of Speaker Boehner’s counterproposal, the so-called plan B.

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Weekly Fundamentals – Commodties Fell as Lawmakers Failed to Reach Fiscal Deal

Financial markets strengthened after the FOMC meeting. As expected the Fed expand the size of asset purchases by US$45B as Operation Twist expires by the end of the month. Moreover, the central bank surprisingly agreed to replace the prior date-based guidance by economic thresholds after the asset purchase program ends.

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Sentiment Buoyed by FOMC QE3 Expansion