June 17th, 2013 - Daily FX Market Roundup 06-17-13 Dollar Strengthens, Stocks Soar as Traders Position for FOMC EUR – Unclear How ZEW Survey Could Fare GBP – Still Testing 1.57, All Eyes on CPI AUD – What to Expect from RBA Minutes CAD – Foreign Investment Hits 7 Month High NZD – Consumer Confidence Rebounds in Q1 JPY – G8 Summit and Abenomics Dollar Strengthe...
June 17th, 2013 - Currencies and equities are starting the busy week on firmer footing with the U.S. dollar holding steady or trading lower against all of the major currencies except for the Japanese Yen. The weakness of the Yen confirms that risk appetite improved over the weekend as investors turn their focus to Wednesday’s FOMC meeting and Chinese manufacturing PMI report along wi...
June 14th, 2013 - Daily FX Market Roundup 06-14-13 Dollar Outlook Next Week Hinges on Bernanke How Much Lower Can USD/JPY Fall? EUR – Stalls Ahead of Key Inflection Point GBP – 3 Decade BoE Veteran Announces Resignation CAD – Hit by Surprise Decline in Manufacturing Data NZD – Business PMI Hits 8 Year High AUD – Oil Extends Gains, Gold Steady Dollar Outlook Next ...
June 14th, 2013 - Equity markets around the world are trading higher this morning but the sell-off in currencies and the decline in global bond yields suggest that there is a general sense of nervousness in the financial markets. The demand for U.S. dollars still reflects risk aversion as the greenback rises against all major currencies except for the Yen. USD/JPY is trading near 95, ...
June 13th, 2013 - Daily FX Market Roundup 06-13-13 FX: Are US Investors in Denial? JPY - When will the BoJ Cry Uncle? EUR – Cautious ECB Monthly Report AUD – Stronger Data Drives Short Covering Rally CAD – Upside Surprise in Data Continues NZD – Business PMI Index on Tap GBP – No News, No Volatility FX: Are US Investors in Denial? It was another busy and activ...
June 13th, 2013 - This morning’s U.S. economic reports have taken a backseat to the massive rally in the Japanese Yen and the ugly decline in Japanese stocks overnight. The Nikkei fell another 6%, adding to losses that now exceed 20%. While European traders are rightfully spooked by the steep slides in Asian markets, U.S. traders have continued to ignore the volatility and the impa...
June 12th, 2013 - Daily FX Market Roundup 06-12-13 Will US Retail Sales Save the Dollar? NZD – RBNZ Leaves Policy Unchanged, Soft Warning on Intervention AUD – All Eyes on Employment CAD – Sharp Rise in House Prices EUR – Lifted by Stronger Data GBP – Labor Market Conditions Improve Will US Retail Sales Save the Dollar? Over the past 4 weeks, the U.S. dollar st...
June 12th, 2013 - With no major U.S. economic data on the calendar today, currency traders are licking their wounds. All of the major currencies that have fallen steeply in recent days are trading higher, led by the gains in the AUD/USD and NZD/USD. The EUR/USD, which has enjoyed a nice rally since May, is also trading lower despite the rise in Eurozone Industrial production. Althou...
June 11th, 2013 - Daily FX Market Roundup 06-11-13 How Much Further Can USD/JPY Fall? USD – BoJ Action Heightens Volatility in US Markets EUR Hits Fresh 3 Month Highs NZD – What Will RBNZ Say About the Currency? AUD – Strong Intraday Reversal CAD – Holds Steady Despite Lower Oil Prices GBP – Will Jobs Report Drive Sterling Even Higher? How Much Further Can USD/JP...
June 11th, 2013 - The Bank of Japan’s decision last night to deny Japan of additional stimulus triggered a wave of deleveraging that has driven currency and equities sharply lower. Today is perfect example of how the actions of the Japanese have global ramifications. We have long warned that the steep losses in the Nikkei point to a potential correction in U.S. stocks but up until ye...
