The prospect of further quantitative easing ahead is keeping bond prices lofty at the start of the week. The Fed is scheduled to buy bonds in the open market over the next couple of days as it plans to maintain the size of its balance sheet helping depress borrowing costs Read More Dip in US [...]
Posted in FX News | Tagged bonds, dip, factory, in, orders, supports, us |
Leading off today is none other than the Commitment of Traders report; we mentioned this in our weekly audio/visual summary provided to our Currency Currents Professional members on Friday. Not surprisingly it showed a net short position on the US dollar greater than any time since mid-2008. The biggest reason Read More A OneWay Bet
Posted in FX News | Tagged a, bet, oneway |
Stronger signs in the US session today that the QE2/competitive devalution theme is at least pausing for breath here today as the greenback responded more smartly to a bit of risk aversion than it otherwise has in the recent past, wiping away much of the losses from Friday. While this Read More Risk on the [...]
Posted in FX News | Tagged defensive, on, risk, the |
Confidence in the UK economy is likely to deteriorate over the next few weeks, especially with increased media attention on the government-spending reductions. There will also be further speculation that the Bank of England could decide on further quantitative easing during the fourth quarter of 2010 which will be a Read More BOE Nerves to [...]
Posted in FX News | Tagged boe, curb, nerves, sterling, support, to |
A weekend break is a great way for traders to rethink the prevailing market philosophy. Last week saw the dollar suffer from further trash talk over deflation and potential devaluation ahead of a near-certain bout of further quantitative easing from the Federal Reserve. Monday’s rebound in the dollar index shows Read More A New Start [...]
Posted in FX News | Tagged a, dollar, encumbered, for, new, start, the |
After a five-month pause in its hiking regime, the RBA is apparently ready to restart its tightening regime and move rates another 25 bps higher at tonight’s meeting. More importantly than the hike will be the guidance from the RBA, as slightly more than 50 bps of tightening are priced Read More RBA on Tap [...]
Posted in FX News | Tagged aud, on, overdone, rba, tap |
Ken Clarke has warning that a ”double dip” recession was still a real possibility, painting a bleaker picture of Britain’s economy than some of his coalition colleagues. Read More Double dip recession in Britain still possible, warns Ken Clarke
Posted in FX News | Tagged britain, clarke, dip, double, in, ken, possible, recession, still, warns |
Company results and economic data being released between Monday, October 4 and Friday, October 8. Read More Week ahead company results, economic data
Posted in FX News | Tagged ahead, company, data, economic, results, week |
Chinese Premier Wen Jiabao appeared to be looking for allies in Europe as he said China would not cut its holdings of European bonds. Read More China supports stable euro says Wen Jiabao
Posted in FX News | Tagged china, euro, jiabao, says, stable, supports, wen |
