Daily FX Market Roundup 12-12-13 Re-loading Long Dollar Trades Ahead of FOMC AUD Killed by Verbal Intervention from RBA NZD Hits 5 Year Highs Versus AUD CAD: Commodity Prices Hit by Stronger Dollar EUR Succumbs to Weaker Data and Dovish ECB GBPUSD: Near Term Top? Rise in U.S. Yields Lifts Yen Crosses Re-loading Long Dollar Trades Ahead of FOMC As the most important piece of U.S. data this week and the only report that could have altered the market’s expectations for tapering, U.S. retail sales successfully united the movements in U.S. assets. The dollar traded higher against all of the major currencies as Treasury yields increased and equities weakened. Even commodity prices were driven lower by the ri...
December 12th, 2013 - Market Drivers for December 12, 2013 Aussie struggles despite improved labor data EU IP slips -1.1 vs. 0.4% eyed SNB leaves rates unchanged Nikkei -1.12% Europe -.31% Oil $97/bbl Gold $1244/oz. Europe and Asia: AUD Employment 21K vs. 10.3K AUD Unemployment 5.8% vs. 5.8% EUR IP -1.1% vs...
December 12th, 2013 - Daily FX Market Roundup 12-12-13 Re-loading Long Dollar Trades Ahead of FOMC AUD Killed by Verbal Intervention from RBA NZD Hits 5 Year Highs Versus AUD CAD: Commodity Prices Hit by Stronger Dollar EUR Succumbs to Weaker Data and Dovish ECB GBPUSD: Near Term Top? Rise in U.S. Yields Lifts Y...
December 13th, 2013 - Market Drivers for December 13, 2013 Yen takes out yearly highs but can't hold them Aussie finds bids ahead of 8900 Nikkei 0.40% Europe 0.27% Oil $97/bbl Gold $1225/oz. Europe and Asia: JPY Revised IP 1.0% EUR German WPI -0.2% vs. 0.4% North America: USD PPI 8:30 USD/JPY hit fr...
September 10th, 2012 - In the first week of September the European Central Bank lit the EUR/USD on fire with its latest acronym to save the euro – OMT, short for “Outright Monetary Transactions.†For most investors, OMT is just another ingredient in the central bank’s alphabet soup which already ...
