April 10th, 2013 - Market Drivers for April 10, 2013 Chinese Trade posts surprising deficit Italian auction goes off without a hitch Europe 1.10% Nikkei 0.73% Oil $93.96/bbl Gold $1580/oz. Europe and Asia: AUD Westpac Consumer Confidence -5.1% vs. 2.0% NZD NZ Card Spending -0.5% 0.3% North America: USD Fed Releases Minutes from Mar 19-20 FOMC Meeting USD Monthly Budget S...
March 21st, 2013 - Market Drivers March 21, 2013 ECB to suspend Cyprus help Monday if agreement not reached EZ PMIs plunge further into contraction signaling region wide recession Europe -0.84% Asia -1.34% Oil $92.88/bbl Gold $1606/bbl Europe and Asia: JPY Merchandise Trade Balance Total -1.09T JPY All Industry Activity Index -1.4% vs. -1.1% NZD Credit Card Spending 4.7% vs....
March 20th, 2013 - Market Drivers March 20, 2013 BoE minutes send hawkish message sending pound through 1.5150 ECB provides liquidity for Cyprus ATM, interior minister - no chance exiting EZ Europe 0.75% Asia 2.03% Oil $92.64/bbl Gold $1610/oz. Europe and Asia: NZD CA -3.26B vs. 2.97B CHF ZEW Survey 2.3 vs. 10 EUR German Producer Prices -0.1% vs. 0.2% GBP UK Chancellor Osbor...
January 17th, 2013 - Market Drivers Jan. 17, 2013 Australian employment misses badly Spain sell full allotment at lower yields, EURCHF hits fresh highs Nikkei 0.09% Europe 0.09% Oil $94/bbl Gold $1681/oz. Europe and Asia: AUD Employment Change -5.5K vs. 2.3K AUD Unemployment Rate 5.4% AUD Consumer Inflation Expectation 2.0% vs. 1.8% EUR ECB Publishes Monthly Report North Am...
January 3rd, 2013 - Market Drivers January 3, 2013 Chinese services PMI post best gain in 4 months GE jobless rises less than expected 3K vs. 11K Nikkei closed, Europe -0.38% Oil $92/bbl Gold $1685/oz. Europe and Asia: CHF KOF Swiss Leading Indicator 1.28 vs. 1.29 CHF SVME Purchasing Managers Index 49.5 vs. 48.7 EUR German Unemployment Change 3K vs. 11K EUR German Unemploymen...
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 includes SMP, EFSF and ESM, but this one has been enough to drive the ...
August 20th, 2012 - Over the past few weeks, the market has shifted its attention from Europe’s sovereign debt crisis to the U.S. fiscal cliff. Since we are beginning to hear people in the financial markets use the words “fiscal cliff,†it is important for us to explain exactly what it is and why it is such a major concern. [vimeo width="610" height="343"]http://v...
August 5th, 2012 - The European Financial Stability Facility (EFSF) was created by the euro area Member States in May of 2010 as a temporary response mechanism to the growing EZ credit crisis. It’s mandate is to safeguard financial stability in Europe by providing financial assistance to euro area Member States. [vimeo width="610" height="343"]http://vimeo.com/45428758[/vimeo] ...
July 30th, 2012 - After Mario Draghi, Angela Merkel and Francois Hollande all pronounced that “ they would do whatever it takes to save the Eurodollar and the European Union,†the EURUSD rallied more than 300 points off the bottom in anticipation of major policy actions. But what can the ECB really do given its limited scope of power? [vimeo width="610" height="343"]ht...
July 23rd, 2012 - We are not only living in a zero interest rate world but negative rates are becoming increasingly common. In normal times, when investors purchase bonds, they earn interest, also known as yield. In other words, the borrower, usually a government or a corporation pays the investor interest for lending them money. This is similar to the way our home loans and credit ...
