Forex News
HK FX Wrap, Orderbook & Flows, USD/Asia run and Key Levels
1) Overnight Wrap A quieter session overnight with little news of note and most of the majors stuck in 50 pts range. China Yuan fixed at historical high again, but there wasn’t any impact to risk pairs given S&P trading below par most of the time. The worst has been down 1% for the futures, […]
What is going on in the CHF?
So EURCHF has been as low as 1.0257 and as high as 1.0921 today (A range of 6.5%) and we currently sit near those highs. Lets not forget that up until today the CHF had appreciated 22% vs the USD since the beginning of the year (the most of any G10 currency) and 35% since […]
Behavioral Finance: Daily Forex Outlook: Austerity vs. growth
EUR/USD (1.4225) The effects of the Fed’s 2-year pre-commitment to exceptionally low federal funds rates began to wane yesterday after only one day of relief. Traders spoke of banks’ exposure to Greek debt as the reason for another equity market sell-off.
UniCredit EEMEA Daily
News CZ: Neutral – Govt auctions CZK 7.3bn 6Y CZGB (p2) RO: Positive – July inflation falls to 4.85% (p2) Today’s Events CZ: June C/A; ES: 2Q GDP (Preliminary), June C/A; HU: July CPI; LV: June C/A; PL: June C/A; SRB: Policy rate announcement, RSD 4bn 3M tbill auction; RU: 2Q GDP (Preliminary); TK: June […]
Overnight Wrap, OB & Flow, USDAsia (note CNY) and Key Open Levels
1) Overnight Wrap Another wild session, liquidity non existent at times as we gap around in remarkable fashion. New York had closed on its lows after the bloodbath in equity markets overnight. Asia immediately pushes risk higher as stale shorts are squeezed, further propelled by a very low CNY fixing.
European FX Daily – Fed signals low rates through mid-2013
– G10 currencies modestly weaker vs USD, Asian equities up 1%-2.8% – Fed signals exceptionally low rates through mid-2013 – BoE inflation report likely to signal more dovish bias
Westpac Australia Asian Daily
Market themes & issues Today saw one of the most incredible swings in market sentiment that we have seen in 3 plus years. Following on from significant losses in US equity markets, the AUD was battered by wave after wave of selling first up. It climaxed with a break back through parity for the first […]
OVN FX WRAP
Day with Japanese targeting AUDJPY stops, and the risk selling continued all day. AUD the massive mover overnight falling from 1.0180 to our current low of .9927. Asian Equities trashed with KOSPI down 9.3% at one point (down 8% currently) and US equity futures down 2.5 to 3%. China CPI at 6.5% (6.4 expected) didn’t […]
HSBC USA: US FOMC Meeting Preview – What can the Fed do?
Following S&P’s decision to downgrade the sovereign credit rating for the US, Fed policymakers are unexpectedly faced with a meltdown in the stock market and worries about a double-dip recession. Since the stock market decline is not disrupting the banking system, the FOMC is likely to focus on economic conditions in formulating policy. Most FOMC […]
FX DAILY STRATEGIST: Asia – 09 Aug 2011
Markets lose confidence in global recovery FOMC up, but no magic bullets China data key for Asia session, AUD in particular SEK still looks exposed in Europe.
FX Comment: The ECB, ist bazooka and the Swiss franc
The ECB has started to buy Italian and Spanish government bonds, showing off what some have called the central bank’s ‘bazooka’. The question is why the markets have not been more impressed. The single biggest reason for the lack of enthusiasm in the market may be the relatively small size of the interventions so far, […]
Swiss gov comments (from extraordinary meeting)
*SWISS GOVERNMENT MEETS IN EXTRAORDINARY MEETING OVER FRANC *SWISS GOVERNMENT SAYS FRANC MASSIVELY OVERVALUED *SWISS GOVERNMENT SAYS MONETARY POLICY MEASURES ARE NECESSARY