Daily Market Recaps Articles

July 10th, 2012 - Will the FOMC Minutes Help or Hurt the U.S. dollar? EUR: German ESM Delay is Another Blow to Euro Rescue GBP: Fresh 3 Year High Against EUR AUD: Drop in Business Confidence CAD: Trade Balance on Tap NZD: Weighed Down By Weaker Chinese Data JPY: More Easing on the Way? Will the FOMC Minutes Help or Hurt the U.S. dollar? So far it has been a very quiet wee...

July 10th, 2012 - European equities are up, Spanish bond yields are down and yet the euro is weaker against the U.S. dollar. This counterintuitive price action shows that the EUR/USD and other currencies are struggling for direction. The news that Eurozone Finance Ministers have agreed to offer Spain EUR30 billion by the end of July should have rallied the EUR but the currency continu...

July 10th, 2012 - Market Drivers for July 10th, 2012 Chinese Trade Data better but imports sink UK data beats across the board with MP/IP rising strongly Little progress in Brussels on ESM bond buying and markets await GE constitutional court ruling on program Nikkei off -0.44% Europe up 1.06% Oil at $85/bbl Gold $1589/oz. Europe and Asia: AUD NAB Business Confidence -3 vs. ...

July 9th, 2012 - China’s Trade Balance surged in the month June rising to 31.7 Billion dollars versus 24 Billion eyed, but the headline number was largely due to a sharp decline in imports which increased by on 6.3% versus 11.0% forecast. The sharp falloff in imports raised concerns of a broader slowdown in domestic demand, suggesting that growth in the world’ second lar...

July 9th, 2012 - Daily FX Market Roundup 07-09-12 EUR: Ignoring Rise in Spanish Yields is a Big Mistake USD: Definitely No Recession According to Fed President Williams GBP Shrugs Off Dovish Comments from Posen AUD: All About China CAD: Oil Prices Rebound NZD: Credit Card Spending Numbers on Tap JPY: Data Points to Renewed Weakness in Japan EUR: Ignoring Rise in Spanish Y...

July 9th, 2012 - Market Drivers July 9th, 2012 Risk FX moribund in post NFP trade Aussie sees further selloff as concerns over China mount Nikkei -1.37% Europe -0.71% Oil $84.60/bbl Gold $1582/oz. Europe and Asia: AUD ANZ Job Advertisement -1.2% vs. 2.6% JPY Machine Orders -14.8% vs. -2.4% JPY Current Accounts 0.28T vs. 0.42T JPY Eco Watchers Survey 43.8 vs. 47.6 CHF U...

July 9th, 2012 - Key Takeaway China May Hold Key to Risk FX EUR/USD (Click to enlarge the full view) USD/JPY (Click to enlarge the full view) GBP/USD (Click to enlarge the full view) ...

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 ...

July 6th, 2012 - Market Drivers July 6th, 2012 All eyes on NFP with >100K expected Legarde warns about slowing growth, GE IP much better at 1.6% vs. 0.2% eyed Nikkei -0.65% Europe -0.47% Oil at $85.80/bbl Gold at $1594/oz. Asia and Europe: AUD AiG Performance of Construction Index 34.8 vs. 34.7 JPY Leading Index 95.9% CHF CPI -0.3% vs -0.3% EUR German Industrial Produc...

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