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Dollar: Rising on Weak Data
Daily FX Market Roundup / Asia Preview 06-21-12 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management USD: Rising on Weak Data EUR: German Growth Concerns Overshadow Potential Progress on Economic Union …
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US Data Hardens Case for QE3
A round of weak U.S. economic data triggered a wave of risk aversion in the currency market. The EUR/USD, GBP/USD, and AUD/USD fell steeply after the 10am ET releases. USD/JPY also sold off but not …
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Boris CNBC Trader Talk 06.21.12
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FX Turns Risk Positive after Spanish Auction
Market Drivers Spanish auction shows strong bid/cover interest sparking rally in risk EZ PMI at 35 month low but does not contract further Chinese HSBC PMI does not rebound at 48.1 vs. 48.4 UK Retail …
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Weak Chinese PMI Weighs on Risk
China HSBC PMI data contracted for the eighth month in a row missing expectations of 48.4 as it printed at 48.1. This was a seven month low in the index indicating that so far the …
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Dollar: Nothing Positive from the Fed
Daily FX Market Roundup / Asia Preview 06-20-12 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management USD: Nothing Positive from the Fed EUR: Thursday is a Big Day for Europe GBP: …
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What is Quantitative Easing?
Quantitative Easing has been a buzzword in the financial markets for the past few years but what does it really mean? Lets start by breaking down the 2 words: Quantitative = Refers to a Specific …
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Its FOMC Day – What to Expect for Each Fed Event
Its FOMC Day and for this reason currencies are consolidating in anticipation of the Federal Reserve’s monetary policy announcement. We’ve wrote extensively about what to expect for the Fed meeting but at the end of …
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Risk FX Rallies as BoE Hints On QE
Market Drivers 06.20.12 BoE Surprises with 5-4 vote on QE suggesting that more stimulus will come soon, cable rallies on news German PPI shows price pressures declining markedly Nikkei up 1.11% Europe down -0.15% Oil …