Forex News
Asia Today: Has China got anything left? Latest data uninspiring
China released the initial tranche of its August data at the weekend and the rather non-descript results led to a slightly weaker tone for the AUD at the start of trading today.
Market says QE3 horse not dead yet, sells USD
The US employment report was distinctly uninspiring despite the drop in the unemployment rate and the market continues to plow full steam ahead with bets on the imminent arrival of QE.
FX Technical Volume Strategy: Upside extension signalled in EUR/JPY
– Volumes returned to median levels for the past year on Thursday, matching the highs of 2 August. – EUR/JPY closed above range highs yesterday, with a marked increase in volume confirming investor appetite for the move higher.
Asia today: It’s risk on in Asia after ECB’s bond plan unveiled
The final piece of the Australian data jigsaw fell in to place today with the release of July’s trade report.
Draghi confirms ECB will conditionally buy bonds
Market largely got what it expected with the Draghi press conference today – but market limbo may continue after today’s response to the ECB news as biggest event risks don’t arrive until next week.
ECB unveils plans – squeezing Eur shorts again, even against CHF
The Euro squeezed higher as ECB officials communicated the ECB’s plans to buy peripheral debt. But is this as positive for the Euro as the market is trying to tell us at first blush?
EURUSD knocked back to the mat as Spanish yields swoon
EURUSD got a bit of a nosebleed above 1.2600. The approaching ECB meeting on Thursday is the key test for short term EURUSD sentiment – is about EU tail risks any more or is it all about devaluation?
Asia today: No change RBA; Statement a tad more upbeat than exp
After the flurry of PMI data yesterday, Asia switched to central bank mode with the RBA announcement the key item on the agenda. The RBA left rates unchanged at 3.5 percent, as expected, though the economy is running close to trend. It noted that previous rate cuts are still working their way through to the […]
Asia today: Asian PMIs continue the weak tone; Risk holds up well
The first of the global manufacturing PMI reports confirmed what we already suspected – a slowing global marketplace.
Jackson Hole was a snooze fest as market tries to react
Bernanke’s speech offered the market virtually nothing to go on, even less, in fact than the very little the market was expecting. Was there anything worth reacting to?
Asia today: Oz Q2 capital expenditure firm, but AUD stuck at lows
Once again, Asia started today’s session in a positive mood with the spillover from better US data encouraging risk appetite. It didn’t last, however, and currency pairs were slumped at the bottom of the day’s (albeit narrow) range by lunch.
A slow day so far in FX land for non-NOK currencies
The NOK was all over the place today and sterling perked up a bit against the Euro, but it was a slow day today in FX land as the market awaits the rigours of the end of summer.