Submitted Sep 22, 2013|From forexblog.oanda.com|11 comments

A couple of days after the FOMC decision of “no” taper sideswiped the market St. Louis Fed President James Bullard has returned, reminding investors that taper is still on the way. Bullard, a voter and moderate, stated first thing Friday in an ...

Submitted Sep 22, 2013|From forexblog.oanda.com

On this side of the Atlantic it has been eerily quite about this Sunday’s German federal election. It’s has always been considered a Merkel done deal. It most probably is, however event risk does appear and it should. The German election is seen as ...

Submitted Sep 19, 2013|From forexblog.oanda.com

“It isn’t my fault” – those words will not be used, but Bernanke certainly made it clear yesterday that the reason they “did not taper” lay right up the street. It was Capitol Hill that has forced the Fed’s hand and not reduce market liquidity. ...

Submitted Sep 17, 2013|From forexblog.oanda.com|2 comments

With tomorrow’s FOMC projections and announcements being such a big deal, it’s only natural that the markets priority at this stage is caution – dealers do not want to be taken out of, or even given positions that they have not initiated at such a ...

Submitted Sep 16, 2013|From forexblog.oanda.com|2 comments

This market is just about polled out! Some polls are worth the paper they are written on, and others not so much. The numbers of surveys that have been conducted, specifically for the week that’s in it, are at least worth a quick peek. The bigger ...

Submitted Sep 14, 2013|From forexblog.oanda.com

It’s no major surprise to see that global inflation has continued to pick up gradually in recent months. It reached +2.0% in July from +1.3% in the previous month. The ‘usual suspects’ have been affecting the non-core price component – increases in ...

Submitted Sep 13, 2013|From forexblog.oanda.com

At present the dollar bulls may be in control, but in yen translation, the bear has awoken from its slumber as the greenback acquaints itself once again with the coveted ¥100 handle this week. Experienced investors have taken their time revisiting ...

Submitted Sep 13, 2013|From forexblog.oanda.com

Even as Capital markets trade tired, there are many investors trying to keep some of their powder dry ahead of the next week’s highly important FOMC meet. Markets are hoping by then that they will be in a superior position to comment and trade on ...

Submitted Sep 12, 2013|From forexblog.oanda.com

Risk appetite has continued its improving trend since the end of August. 
A combination of an easing in tensions surrounding Syria and firmer data globally has helped to shore up global sentiment. Analysts note that the Baltic Dry Index has surged ...

Submitted Sep 11, 2013|From forexblog.oanda.com|3 comments

Capital markets are back focusing on yields, especially US yields and 10-years at that, especially as the benchmark issue backs ups towards +2.97% and just ahead of the psychological +3% level. With President Obama asking Congress to delay a vote ...

Submitted Sep 10, 2013|From forexblog.oanda.com

Plenty of constructive headlines on Syria combined with lower oil prices to a certain extent are helping improve risk appetite as investor’s head to the North American market open. The latest data from China continues to point towards a recovery in ...

Submitted Sep 9, 2013|From forexblog.oanda.com|2 comments

The first real trading session after a contentious non-farm payroll print usually ends up being the quietest trading session for the entire month and this Monday seems bent on holding on to that tradition. The release so far of data is limited and ...

Submitted Sep 7, 2013|From forexblog.oanda.com

How bad is the US job participation rate? Throwing around a few numbers and assuming that the US participation rate stayed steady, analysts calculate that last months unemployment rate would actually rise to +7.55% instead of falling to Friday’s ...

Submitted Sep 6, 2013|From forexblog.oanda.com|23 comments

Draghi’s lower rates for longer and even possibly below the current levels has given the EUR bears renewed confidence, euro-bonds a leg up and equity markets a green light. With fixed income dealers pricing in a more aggressive Fed tapering ...

Submitted Sep 5, 2013|From forexblog.oanda.com

Before the FX market gets to the highlight event of the week, tomorrow’s US employment number, investors have to deal with a few central bank rate announcements. Already this week an OECD report strongly mentions that “developed” nations should ...

Submitted Sep 3, 2013|From forexblog.oanda.com

It keeps coming and coming, the wave of better-than-expected PMI’s globally has pushed most equity markets up in Asia and into the black. Yesterday’s PMI data from Markit showed that even the weakest euro-zone countries have turned ‘that’ ...

Submitted Aug 31, 2013|From forexblog.oanda.com

Next week is a shortened trading week for North America. From a data perspective investors will have a lot to digest before ending their sprint at next Friday’s non-farm payroll report. Before investors get to endure any vulnerability’s from the ...

Submitted Aug 30, 2013|From forexblog.oanda.com

This week saw the Indian Rupee print a new record low against the ‘mighty’ dollar. Currently, India is facing a perfect storm of negative factors. And, in the eye of this storm the Indian Prime Minister, Dr. Singh, has come out swinging in favor of ...