The USD is mixed this morning against its most actively traded counterparts, gaining against most European currencies while remaining lower against the higher-yielding commodity and emerging market currencies. The dollar has pared early declines after … 33 Vote(s) Read More Daily Summary on USD, EUR, GBP, JPY, AUD, CAD and NZD
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UK retail sales slid this month at the fastest pace in nearly three years after a report earlier this week showed that the British economy in fact contracted in Q4 2011, raising the odds of another recession. However, while the BoE is widely expected … 27 Vote(s) Read More Daily Summary on USD, EUR, GBP, [...]
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The euro is driving at full speed towards 1.3000 against the buck, but can the pair break one of the most significant psychological barriers in the FX market? Our concern is that some of the fundamentals behind the rally might quickly unravel. Read More Asia Open This Is A Critical Time For Europe And EUR
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After a brief rally at the start of this holiday-shortened week, the EUR went on a largely one-way trip south, resuming its year-end decline against all major currencies. EU sovereign debt fears and banking sector stresses continue to send investors fleeing from the Eurozone. Government bond yields of the most Read More EUR Gets Hit [...]
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… the coming weeks to sell debt that may reach EUR+262b’s worth in the first quarter, rising funding costs will not make saving the 13-year old currency any easier. The market will now focus on North American employment data, with NFP out tomorrow. … 39 Vote(s) Read More FX requires EUR Fixed Income to trade
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While Italy managed to have a successful auction of short-term 6-month debt, market jitters are still there in regards to the 10-year debt on offer by Italy in tomorrow’s trading session. Italian 10-Year Yield – Italian 10-year yields rallied after dipping initially after the short-term debt auction, moving back above 6.9%. Read More GBP and [...]
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Last week I wrote about the puzzling market reaction to the disappointing EU Summit, but the delayed response finally came at the start of this past week’s trading. EUR/USD collapsed below recent range lows in the 1.3220/50 area, forcing a flood of option-related selling on the break down, before bottoming Read More EUR Finally Caves [...]
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In contrast, comments from Bean, Posen and Weale have suggested that the door remains open to further instalments and RBS UK Economics continue to look for a further GBP 50bn in February. The FOMC Minutes from the September meeting showed that Fed … 33 Vote(s) Read More British pound exchange rate forecasts GBP to gain [...]
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The greenback was mixed against the majors with the Dollar Index continuing to hold above the 50% retracement of the rally from Aug. lows to Oct. highs. The risk rally appeared to be losing steam as growth concerns came back into focus following a shrinking Chinese trade surplus which was Read More USD Mixed, EUR [...]
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EUR Rallies on Lagardes Comments danamp ESM EFSF Talk
The EUR/USD continued to extend its rally from last week, bolstered by comments from the IMF head Lagarde, who called for European to bolster their bail-out funds. Talk of running the EFSF and ESM concurrently also likely helped boost sentiment. 26 Vote(s) Read More EUR Rallies on Lagardes Comments danamp ESM EFSF Talk
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