May 24th, 2013 - Based on the price action of the currency and equity markets, risk aversion is driving investment flows. The U.S. dollar is trading higher against all of the major currencies with the exception of the Japanese Yen and Swiss Franc. This performance is finally consistent with what we would expect when equities are selling off. USD/JPY tested 101 in the early North A...
May 24th, 2013 - Market Drivers May 24, 2013 IFO beats handily driving EUR/USD towards 1.3000 Nikkei seesaw putting USD/JPY on roller-coaster Nikkei 0.89% Europe 0.56% Oil $94/bbl Gold $1387/oz. Europe and Asia: NZD Balance 157M vs. 475M EUR German GDP -1.4% vs. -1.4% EUR German GfK Consumer Confidence Survey 6.5 vs. 6.2 EUR German IFO - Business Climate 105.7 vs. 104.5 ...
May 23rd, 2013 - The biggest move in the FX markets today is in the Japanese Yen. The 7% decline in the Nikkei overnight kicked off a wave of deleveraging in the financial markets as investors around the world hit the panic button. What is interesting about the move is that no one is buying U.S. dollars, a currency that generally performs well during risk aversion. The reason is be...
May 23rd, 2013 - Market Drivers for May 23 2013 Nikkei plunges by 7% taking USD/JPY to 101.00 EZ PMi data stabilizes Nikkei -7.26% Europe -2.56% Oil $92.80/bbl Gold $1377/oz. Europe and Asia: AUD Consumer Inflation Expectations 2.3% vs. 2.2% JPY Japan Buying Foreign Bonds -804 vs. 185 JPY BOJ Monthly Economic Report for May EUR German PMI Manufacturing 49 vs. 48.5 EUR Ger...
May 22nd, 2013 - Daily FX Market Roundup 05-22-13 FX U-Turn, Why USDJPY Pullback Should be Temporary Will PMIs and Draghi Drive EUR Below 1.28? GBP – Crushed by Retail Sales and BoE Minutes AUD Hits Fresh 10 Month Lows NZD – Chinese PMI Numbers Could Extend Losses CAD – Flat Retail Sales Growth JPY – All Eyes on Weekly MoF Data FX U-Turn, Why USDJPY Pullback Shoul...
May 22nd, 2013 - Market Drivers for May 22, 2013 BOJ would decide on further JGB purchases sends USD/JPY towards 103.00 UK Retail Sales worst since April 2012 Cable below 1.5100 Nikkei 1.60% Europe 0.06% Oil $95.81 Gold $1381/oz. Europe and Asia: AUD Westpac Consumer Confidence -7.0% vs. =5.1% JPY Merchandise Trade Balance Yen -.76T vs. -.63T JPY BOJ Monetary Policy Statem...
May 21st, 2013 - Daily FX Market Roundup 05-21-13 USD – Cue in Bernanke GBP – Time for BoE Minutes and Retail Sales EUR - Consolidating Above 1.28 AUD – Main Takeaway from RBA Minutes CAD – Retail Sales Growth Expected to Slow NZD – Shrugs Off Stronger Credit Card Spending JPY – What Amari’s Conflicting Views Say About Yen Sentiment USD – Cue in Bernanke ...
May 20th, 2013 - Daily FX Market Roundup 05-20-13 Euro Outlook and Levels How Bernanke Poses a Threat to the Dollar AUD - Recovery Hinges on RBA Minutes NZD – Lifted by Stronger PMI Services CAD – Oil and Gold Prices Recover GBP – All Eyes on Inflation JPY – Hit by Finance Minister Comments Euro Outlook and Levels This is an important week for the euro. For th...
May 20th, 2013 - Market Drivers May, 2o, 2013 Japanese Economics Minister suggests that yen weakened enough Italian data improves boosting euro Nikkei 1.47% Europe 0.24% Oil $95/bbl Gold $1347/oz. Europe and Asia: EUR Italian Industrial New Orders 1.6% North America: USD Chicago Fed Nat Activity Index 8:30 With German, French and Canadian markets on bank holiday toda...
May 17th, 2013 - Daily FX Market Roundup 05-17-13 U.S. Dollar Scorecard – Best and Worst Performers USD/JPY Breaks 103 EUR/USD Resilience AUD – Extends Losses as Gold Moves Lower NZD – Shrugs Off Stronger Data CAD – Hit by Decline in CPI GBP – Big Week Ahead U.S. Dollar Scorecard – Best and Worst Performers It has been a great week to be long U.S. dollars. ...
