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 …
German Producer Prices declined for the first time in four months in May contracting by -0.3% versus -0.2% eyed as energy costs eased. On annual basis German producer prices rose at 2.1% versus 2.2% eyed …
Daily FX Market Roundup / Asia Preview 06-19-12 Behind the Recovery in EUR/USD USD: Selling Dollars Ahead of FOMC GBP: Inflation is Important to the Bank of England AUD: RBA Minutes Reduce Odds of More …
With equities rising and the U.S. dollar weakening, the price action in the financial markets tell us that investors are positioning for a dovish and dollar negative outcome from the FOMC meeting. This sentiment is …
Despite weaker economic data out of Europe, the euro is trading higher against the U.S. dollar this morning, which tells us that Spain’s borrowing costs are the only thing that matters right now to EUR/USD …
Market Drivers EURUSD Shrugs off weak ZEW, German Court ruling on ESM, high Spanish yields as Grelief dominates trade Cable follows on risk + theme as more QE post weak CPI seen favorably Nikkei off …
Cable tumbled in morning London trade today following the release of cooler than expected inflation data which suggested that the BoE may have more scope to ease monetary policy in the near term. UK CPI …
Daily FX Market Roundup / Asia Preview 06-18-12 EUR: Short and Long Term Risk for Euro USD: Holding Strong Ahead of G20 Statement GBP: Inflation is Important to the Bank of England AUD: Looking to …
As it turns out, the winner of the Greek elections did not matter. The victory of the pro-euro, pro-austerity New Democracy Party did not change the outlook for the EUR/USD which closed its gap and …