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July 6th, 2012 - Daily FX Market Roundup 07-06-12 What Drove EUR/USD to a Fresh 2-Year Low? US: Another Month of Disappointing Payrolls Why the GBP is Outperforming the EUR CAD: Sharp Pullback in IVEY PMI AUD: Deeper Contraction in Construction Sector NZD: Sharp Decline in Oil and Gold Prices JPY: Quiet Trading, Positive Comments from Japan What Drove EUR/USD to a Fresh 2-...

July 6th, 2012 - The sharp sell-off in USD/JPY tells us FX traders were disappointed by this morning’s non-farm payrolls report and they won’t be the only ones because today’s jobs number spells big trouble for the Federal Reserve and for President Obama. The magic number today was 100k and unfortunately American companies added only 80k jobs in June. After the ...

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July 5th, 2012 - Daily FX Market Roundup 07-05-12 FX: ECB, NFP and Beyond ECB Rate Cuts Kills EUR/USD Rally GBP: More QE for BoE CAD: Canada Releasing Employment Numbers on Friday AUD: Supported by Stronger Data and Chinese Rate Cut NZD: Hits Record High against EUR JPY: Quiet Trading, Positive Comments from Japan FX: ECB, NFP and Beyond It has certainly been an excitin...

July 5th, 2012 - The biggest problem in the U.S. economy is the lack of job growth. While the unemployment rate in the U.S. has fallen from its high of 10 percent, the two most recent non-farm payrolls reports raised concerns that the U.S. economy is moving in the wrong direction. Many countries in Europe are back in recession and if job growth does not improve, the U.S. could fall ...

July 5th, 2012 - After sitting on the sidelines for the past few months, central banks around the world decided that it was finally time to spring into action. This morning, the Bank of England, People’s of China and the European Central Bank eased monetary policy, triggering widespread volatility in the foreign exchange market. The European Central Bank’s decision to c...

July 4th, 2012 - The first monetary policy announcement on Thursday will come from the Bank of England. After voting 5-4 to keep asset purchases unchanged, we are looking for the BoE to increase their asset purchase program by GBP50 billion to GBP375 billion. Both the U.K. and Eurozone economies have suffered a further pullback in growth since the last central bank meeting but U.K. ...

July 4th, 2012 - It may be a holiday week in the U.S., but with 2 major central banks expected to ease monetary policy on Thursday and the U.S. non-farm payrolls report scheduled for Friday, we should see a pickup in volatility over the next 48 hours. Having left interest rates unchanged at 1% since the beginning of the year, the European Central Bank is now expected to cut interest ...

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July 3rd, 2012 - Daily FX Market Roundup 07-03-12 The EUR/USD Squeeze USD: Counting Down to Payrolls GBP: More Evidence of Weakness in Housing AUD: No Changes to Monetary Policy, Neutral Bias CAD: Oil Up 4 Percent NZD: Hits Fresh 1 Month High JPY: Political Uncertainty Pressures the Yen The EUR/USD Squeeze While it has been an extremely quiet trading with nearly all of...

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