Risk aversion is in the air this morning with the U.S. dollar and Japanese Yen trading higher against all of the major currencies. Bernanke will be taking the stand and testifying before the House at …
Market Drivers July 18th, 2012 BOE minutes reveal rift Risk selloff accelerates as EU session progresses on Asmussen comments Nikkei off -0.32% Europe up 0.41% Oil at $88/bbl Gold $1579/oz. Europe and Asia: GBP BOE …
Sterling fell in morning London trade today after the BoE minutes of the July meeting revealed that two members of the MPC voted against increasing asset purchases putting the prospect of further QE in doubt. …
Daily FX Market Roundup 07-17-12 Why US Dollar Reversed After Bernanke Testimony EUR: Don’t Lose Sight of Lingering Risks GBP: All Eyes on the Pound CAD: BoC Keeps Higher Rate Bias AUD: RBA Content with …
Fed Chairman Ben Bernanke’s prepared testimony on the economy and monetary policy provided no new indication that the Federal Reserve is any closer to pulling the trigger on QE3. This sent the U.S. dollar soaring …
Market Drivers July 17th, 2012 Risk remains bid ahead of Bernanke UK inflation tame, ZEW weaker but in-line Nikkei up 0.35% Europe up 0.74% Oil at $88.57/bbl Gold at $1597/oz. Europe and Asia: AUD Reserve …
UK inflation data printed markedly lower in June with CPI declining -0.4% on a month over month basis while rising only 2.4% versus 2.8% forecast on an annual basis. Core CPI declined to 2.1% from …
Daily FX Market Roundup 07-16-12 How Traders Are Positioned Ahead of Bernanke Testimony EUR: Rally Masks Underlying Weakness GBP: Consumer Prices on Tap CAD: Will be Difficult for BoC to Remain Hawkish AUD: RBA Minutes …
Risk aversion was in the air before the U.S. retail sales report and when the data was released, the U.S. dollar fell sharply against all of the major currencies. Economists were looking for retail sales …
Market Drivers July 16th, 2012 Risk gives up gains as EU session proceeds EU Trade balance better at 6.9B vs. 5.6 eyed Nikkei up 0.05% Europe down -0.12% Oil at $87/bbl Gold $1586/oz. Europe and …