Forex Market
EURO ANALYSIS
The impact of a better-than-expected short-term Italian debt sale is wearing off for the EURO Wednesday, with the European currency falling below $1.30 and markets beginning to question whether investors would greet Thursday’s 10-year debt sale with the same enthusiasm.
The year that was, the year that will be
As we all recover from our plentiful Christmas feasts, some of us stumble back into the office, while others (the preferred) are still lounging on couches contemplating what (if anything) to do for New Years eve festivities. As you can tell I am one of the few that has found his way into the office, […]
Market Preview – 28 December 2011
Forex Overnight: EUR trading lower against USD The Euro has weakened against the USD, this morning, ahead of the Italian bill auction scheduled later today, consisting of €9.0 billion of 179-day bills and €2.5 billion of zero-coupon 2013 securities. Additionally, market expectations that Italian business confidence for December, scheduled to be released tomorrow, would show […]
Market Review
USD – The greenback is little changed despite the upbeat December Conference Board Consumer Confidence data (64.5 in Dec vs MNI median at 59.0). Market continues to eye US stocks. More sizable stock gains would be deemed risk friendly, which is likely to underpin the euro and other currencies, rather than the USD.
Europe Week Summary
This year began with worries about Europe’s banks — and it is ending on a similar note. On Wednesday, the European Central Bank extended more than 489 billion euros ($636 billion) in low-interest loans to euro-zone banks to help ease a funding squeeze. That was way more than the 250 billion euros to 350 billion […]
Increased volatility creates squeeze opportunities at close
The uncertain nature of any attempted quick-fix solution to the European debt crisis has had an abnormal influence on all of our global trading markets. Increased volatility is the watchword. The amplitude of daily trading ranges has definitely increased, but more aggravating is the increased frequency of sudden reversals, the whipsaw effect that most traders […]
Finally we come to the end
Well….that about covers it for today. Not really, but you get the general idea. Christmas is truly upon us and this will mark the last real trading day of the year and not soon enough in my humble opinion. It’s been an interesting year and 2012 promises to be equally so. It is now time […]
Market Preview – 23 December 2011
Forex Overnight: EUR trading higher The EUR and the GBP have strengthened against the USD, this morning, as risk appetite amongst traders improved, following largely positive economic data released in the U.S. yesterday. Additionally, market expectations that the U.S. consumer spending and new home sales figures scheduled later today will show an improvement have further […]
Risk Currencies Get Boost From US Jobs Data
The risk-sensitive Australian dollar and emerging market currencies gained modestly against the U.S. unit Friday, after a brighter U.S. economic picture cheered markets in holiday-thinned trade.
US Data: Jobless Claims Fell Last Week; GDP In 3Q Revised Lower
New claims for unemployment benefits unexpectedly fell last week, reaching the lowest level since April 2008 amid signs the economy picked up at the end of the year. Initial jobless claims decreased by 4,000 to a seasonally adjusted 364,000 in the week ended Dec. 17, the Labor Department said Thursday.
Euro wallowing in the mire. What’s up with USDJPY?
Market looks like it is already on holiday today. The Euro remains weak, but risk appetite remains buoyant despite yesterday’s disappointing reaction to the ECB LTRO. Dare we hope for a chance to snooze until after the New Year celebration?
Europe Preview
Asian regional markets are lower amid continued uncertainty over the European sovereign-debt situation; the Nikkei falls 0.8%, the S&P/ASX declines 0.7%, the HSI slips 0.6%, the Kospi falls 0.2%, the Sensex declines 0.7%, the Shanghai Composite loses 1.2% and the NZX-50 slips 0.5%. In FX markets the EUR is steady against the USD and JPY […]