It’s normally about this time of year where most traders have to turn into part-time meteorologists as the Atlantic hurricane season approaches. Thankfully though 2009 looks like being a lot less stormy than last year with all the major forecasters expecting less activity than last season. The lastest forecast from the Colorado State University storm research unit has said that they expect 10 tropical storms this season with four of those expected to strengthen into hurricanes.
Cable has been the main beneficiary of heightened risk on sentiment in other markets, rebounding from 1.6890 to 1.6950 in short order. Looks like the name at 1.6910 smartly shifted his bid to 1.6890 in order to suck in a few more shorts.
