February 2012
You are browsing the archive for February 2012.
The second estimate of annualized US fourth-quarter 2011 GDP growth was 3.0%, which was above the 2.8% advance estimate and marked the fastest pace of growth since the second quarter of 2010. Consumer spending growth was revised to 2.1%, which was up modestly from the 2.0% advance estimate and reflected Read More US FourthQuarter 2011 [...]
Posted in FX News | Tagged 2011, 28, 30, fourthquarter, from, gdp, growth, revised, to, us
USD is mostly softer as risk appetite is supported by the ECB’s LTRO which resulted in a take-up of €530B and after an unexpected upwards revision to U.S. 4Q GDP. Global equities are firmer with Asia finishing to the upside while Europe is currently trading in positive territory. 4Q GDP Read More Risk Stays Firm [...]
Posted in FX News | Tagged after, firm, gdp, ltro, risk, stays, us
Canadian dollar is clinging to gains, struggling to retain the upper hand as risk aversion begins to creep into the picture. Loonie is slightly higher against the US dollar, as well as against the UK pound and the euro. (…)Read the rest of Canadian Dollar Clings to Gains (145 words) Posted on Forex News. Read More Canadian Dollar Clings to Gains
Posted in FX News | Tagged canadian, clings, dollar, gains, to
We have seen improvement in sentiment since the beginning of the year, on the back of better-than-expected data in particular in the US. The substantial take-up at the second 3Y LTRO increases the likelihood that the rally can continue and that investor focus in general can move on from Read More Euro Area danquotWhat to [...]
Posted in FX News | Tagged area, coming, euro, in, months, quotwhat, the, to, watchquot
US dollar is mixed today after encouraging GDP data was released. The latest numbers for the fourth quarter of 2011 indicate that the US economy grew 3%, which is better than the 2.8% pace originally reported. The news has helped the greenback pare some of its losses against the Japanese yen, and provided some support for Great Britain pound. (…)Read the rest of US Dollar Mixed after [...]
Posted in FX News | Tagged after, data, dollar, gdp, mixed, us
After a bigger than expected uptake in the 2nd round of the ECB’s 3-year 1% loans, we want to monitor the developments in the European sovereign bond market complex for clues as to what happens next in the European theater. Read More EURUSD Portugal Bonds Come into Line of Fire Post LTRO 2
Posted in FX News | Tagged 2, bonds, come, eurusd, fire, into, line, ltro, of, portugal, post
Euro is struggling today, especially against the US dollar. The Long-Term Refinancing Operation offered more money than expected, and that has many wondering about the stability of the European banking system. So, even though there is a measure of risk in the financial markets today, the euro isn’t feeling the good effects. (…)Read the rest of Euro Struggles on LTRO (129 words) Posted on Forex News. Read [...]
Posted in FX News | Tagged euro, ltro, on, struggles
The Fed’s Summary of Commentary on Current Economic Conditions, otherwise known as the Beige Book, compiled in preparation for the March 13, 2012 Federal Open Market Committee meeting again characterized economic activity as having “increased at a modest to moderate pace” in January and early February 2012 with all 12 Read More US Feds Beige [...]
Posted in FX News | Tagged a, activity, at, beige, book, continued, economic, feds, increase, overall, suggests, to, us
Read More USD JPY Classical Technical Report 0229
Posted in FX News | Tagged 0229, classical, report, Technical, usdjpy
Read More EUR USD Classical Technical Report 0229
Posted in FX News | Tagged 0229, classical, eurusd, report, Technical
