Forex News
Euro re-squeezed ahead of Friday’s main event
The positioning squeeze on stale short Euro and long Aussie trades continues as the markets mull how much QE3 is priced in and what Bernanke may or may not hint at this Friday.
UBS Morning Adviser America
Euro Marches On The euro pushed through 1.25 on Tuesday on limited news and data flow, though a series of upcoming meetings between Eurozone policymakers (starting with Rajoy and Von Rompuy) has left investors unwilling to be caught short in case of any major policy developments.
Asia today: Mild risk-off bias presses currencies, stocks lower
Tight ranges from overnight ensured a steady start to the Asian session but as the session wore on we felt a distinct bias towards risk-off.
Asia today: Currencies steady; Must we now wait for Jackson Hole?
There was not much in the way of weekend headlines to disturb the Asian open today, so currencies were orderly and close to New York’s Friday closing levels.
Asia today: Minutes suggest the RBA on hold; AUD a touch firmer
Asian opening levels were similar to yesterday and it took the RBA minutes to stir up some action. The minutes held few surprises from the post-meeting statement but did reinforce the notion that the RBA is in no rush to cut rates in the near-term and this lent support to the AUD. The RBA noted […]
Asia today: EUR steady amid talk of plan to cap EU bond yield
An early minor reaction to week press reports that the ECB was mulling interest rate caps for peripheral Eurozone government bonds was the only thing to report from an otherwise dull, holiday-affected Asian start to the week.
Asia today: USDJPY hits 4-1/2 week high as US yields extend gains
Asia was again content to mark time in currency markets with the overnight moves forcing consolidation again at lower levels.
Asia today: Risk currencies in tight ranges at lower levels
Once again Asia consolidated the overnight currency moves, only this time to the downside.
Positive US data – good or bad for the USD?
What to do with the US dollar on positive US data? It’s tough to argue that the USD should sell-off if this means a delay to QE3. Is this market so hung up on the central bank liquidity that good is bad for risk?
Dbdaily: European Edition
HEADLINES… * Markets: EU/US equities modestly in the red on weekend comments from ECB’s Coene and as newswires report a possible challenge to the German Constitutional Court’s ESM ruling, CHN bourses also a little softer early Tuesday but most of Asia in the black.
Asia today: EUR sees renewed short-covering; NZD pops, retreats
There was a slightly better mood for risk and risk currencies in today’s Asian session as the EUR consolidated it overnight gains.
Strong AUD – when is enough simply enough?
The Aussie weakened rather sharply today without much in the way of catalysts, a move that has me sitting up and taking notice. But we’ll need to sell a generalized reduction in risk appetite to see a more durable sell-off.