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 …
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 …
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 …
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: …
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 …
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 …
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 …