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April 14th, 2014

Daily FX Market Roundup 04-14-14 The Tug of War in EUR/USD Retail Sales Should be Positive for the Dollar but… GBP: CPI to Provide Clues on Timing of Rate Hike AUD: No Surprises Expected from the RBA NZD: Service Sector PMI Hits Highest Level Since 2007 USD/CAD Backs Off 1.10 JPY: Risk of Further Nikkei Weakness The Tug of War in EUR/USD A tug of war is shaping up in the EUR/USD with jawboning by European policymakers putting downside pressure on the pair and the recent decline in U.S. yields providing upside support. Both of these forces are strong and significant enough to keep EUR/USD confined within a 1.36 to 1.40 trading range. Based on this weekend’s comments from ECB officials, European policy...

April 15th, 2014 - Market Drivers for April 15 2014 UK CPI in line EUR ZEW misses a bit on Ukraine worries Nikkei .62% Europe -.43% Oil $102/bbl Gold $1310/oz. Europe and Asia: GBP CPI 1.5% vs. 1.5% EUR ZEW 43.2 vs. 46.3 North America: USD CPI 8:30 AM USD Empire 8:30 AM Cable saw som...

April 14th, 2014 - Retail Sales Should be Positive for the Dollar but… This morning’s stronger than expected U.S. retail sales report should have been overwhelmingly positive for the dollar and while we did see the greenback appreciate after the release, it has now given up all of its gains versus the Japanes...

April 15th, 2014 - Daily FX Market Roundup 04-15-14 G10 FX At the Mercy of Chinese Data Euro: Unfazed by Decline in Investor Confidence AUD Hit Hard by 1.9% Drop in Gold CAD: Bank of Canada Rate Decision on Tap NZD: Uptick in CPI Expected GBP: No Surprise in CPI Means No Pressure to Tighten JPY: Risk of Furt...

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 ...

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