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With Europeans' August vacations in full swing, market activity has been subdued of late., helped by the vow of the European Central Bank president, Mario Draghi, that the E.C.B. was prepared to take whatever action necessary to defend the euro, a promise that suggests the bank will buy Spanish and Italian debt in the market to hold down yields.
Although he did not explicitly say that the government might intervene in the foreign exchange markets — by buying dollars for yen — such comments are often interpreted as "verbal intervention," in which comments from top policy makers can swing market expectations and thus influence currency levels.
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The trade meeting is just one of several big events that could swing markets in a busy week.
Pimco is not a big-swing market timer, but it does shorten or lengthen maturities according to its hunches about the direction of interest rates.
KBW had a weak performance in its principal trading unit, which trades using the bank's own capital, amid wildly swinging markets.
It's in the amply swinging markets that we find the real spark.
Trading PlaceRunning Merrill Lynch's big swinging markets operation is a low-visibility, and highly paid, import from Korea.
The flash crash of May 6 — the biggest intraday swing in market history — didn't help.
That turn of events reflects a dizzying swing in market sentiment.
In full swing, the market is a dazzling long lineup of identical carts topped by red-and-white-striped awnings.
In part this reflects big swings in market sentiment.
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