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

Despite next week being a shortened trading week in North America, investors will end up feeling like participating in a sprint to August’s NFP report. But before the employment announcement, global investors will have to endure both the copy and ...

Submitted Aug 29, 2013|From forexblog.oanda.com

1. Following a series of interest rate hikes overnight (Brazil –9% and Indonesia-7%), more FX interventions and a delay for Syria, some of the pressure in Emerging Markets was dampened. 2. The positive USD momentum in G10 continues very gently ...

Submitted Aug 29, 2013|From forexblog.oanda.com

Signs that a US led military strike on Syria may be delayed are having a positive effect on one or two the asset classes. Global equities are trying desperately to emerge from the shadows and nudge higher, while the “mighty” dollar is gathering ...

Submitted Aug 28, 2013|From forexblog.oanda.com|1 comment

Capital markets cannot be too disappointed – the early summer lull, one of the quietest in recent memory, is now becoming a forgotten couple of weeks as we wait for further developments on Syria. How is the rest of the world to react to the ...

Submitted Aug 27, 2013|From forexblog.oanda.com

1.August German Ifo beat expectations (107.5) on all components, but not enough to divert market attention from rising Middle East geopolitical tension and Emerging Market Liquidation. 2.The Turkish lira or TRY fell to a new record low outright ...

Submitted Aug 27, 2013|From forexblog.oanda.com|2 comments

A weaker US durable goods orders yesterday coupled with investor concerns about possible US military action in Syria is enough to record some “diverse” effects on Asian Capital Markets in the overnight session. Regional bourses were trading in the ...

Submitted Aug 26, 2013|From forexblog.oanda.com|6 comments

During last weekend’s Jackson Hole annual conference the main topic of discussion was the Fed’s near imminent reduction of its bond buying program. The program spends 85 billion USD a month and is part of the low interest rate environment the Fed ...

Submitted Aug 26, 2013|From forexblog.oanda.com|1 comment

A week is a long time in politics; a week is also a long time in the forex market where investors, if lucky enough, get to ride a wave of volatility, some to profitability and some not. Global stock markets were particularly anxious last week as ...

Submitted Aug 24, 2013|From forexblog.oanda.com

Outflows from emerging markets bonds and equities accelerated this past week, as expectations the US Federal Reserve will start withdrawing stimulus measures as early as next month led global investors to “fold their bets on a larger scale.” ...

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

The summer lull is officially finished as global markets and their asset classes begin their “fight or flight” challenge. The theme remains the same; the dollar is becoming “mightier” while Asian currencies and regional markets continue to fall ...

Submitted Aug 20, 2013|From forexblog.oanda.com

Our ‘light’ few weeks of trading is about to be completed. Capital Markets is approaching a stretch of six-weeks of intense event risk trading. With tapering, German elections and a decision on the Japanese consumption tax, markets are expected to ...

Submitted Aug 20, 2013|From forexblog.oanda.com|1 comment

Central bankers’ language at the Fed, the Bank of Japan (BoJ), and the European Central Bank (ECB) has been largely ambiguous and unhelpful. The only fresh theme has been the U.S. dollar as it gained influence and directed other currencies over the ...

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

Let’s hope that this is the beginning of a different week where liquidity is deeper and volatility is enough to draw more global market interest. So far, this month has seen very little European interest with the annual holiday season having more of ...

Submitted Aug 17, 2013|From forexblog.oanda.com|7 comments

Global economic data has tried hard all week to paint more of an interesting picture, and this despite the glaring lack of liquidity (and general interest) in the forex market. Policymakers have been trying to fashion an illusion for something ...

Submitted Aug 16, 2013|From forexblog.oanda.com|3 comments

The object is to remain in one piece so as to fight another day. This week’s current market price action is not for the faint of heart. Whiplash volatility has very much been the order of the day as we complete the final trade session to end this ...

Submitted Aug 15, 2013|From forexblog.oanda.com

Finding and acting on ‘evidence’ in this type of market, apathy and liquidity constraints, is not easy. It seems that a collection of things is making it difficult for an investor to pull that capital market position trigger. The prospect of the US ...

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

Despite the lack of liquidity and the lack of general market interest of late, isolated global economic data is beginning to paint an interesting picture. It’s certainly no Picasso, no masterpiece, not quiet yet anyways, but considered in its own ...

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

Despite some of the asset classes heading into the lower volume ‘dog-day’s of summer,’ there is a plethora of economic data points soon to be revealed to keep even the most bored of investors busy. Whether it’s interesting and volatile enough for ...

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

Market sentiment has not changed slap-bang in the middle of the European holiday ‘silly’ season. There is noise being made, but the depth of asset class liquidity remains highly questionable. Historically, this is to be expected this time of year – ...

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

Do not rule out Germany paying its highest 10-year funding costs in a year and a half next week. They will be the only Euro country coming to the bond market with an issue slap bang in the middle of the Euro-annual summer holidays. Credit rating ...