Submitted Apr 18, 2013|From forexblog.oanda.com|1 comment

The hot topic du jour – if it’s not commodities it could be global yields and the role of your everyday Central Bankers or maybe it’s Apple stock trading below $400 overnight? Perhaps tech stock is not significant enough. How about the Italian ...

Submitted Apr 17, 2013|From forexblog.oanda.com

At this weeks midpoint what have we witnessed so far? On Monday, weaker data has added to the global growth slowdown scare. The softer Euro-zone releases were not a surprise, the ‘real’ surprise has come from China, where data for Q1 and for the ...

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

Market losses were exacerbated in all asset classes yesterday following data that showed that China’s economy expanded more slowly than expected. Many investors happened to jump, pull their ripcord and sought shelter in risk averse trading ...

Submitted Apr 15, 2013|From forexblog.oanda.com|6 comments

Reports revealing that Chinas growth is losing momentum are a blow to risk asset prices this Monday morning. Weaker than expected Chinese Q1 GDP growth of +7.7%, y/y (+8.0% expected), combined with the tired US data on Friday (retail sales and ...

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

Why is the CAD not any lower? Gold is off $60, crude is down $3 and Friday’s US data disappointed. As per usual, for an uninteresting currency that has been trading in a contained range so far this year, it is not surprising to witness a delayed ...

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

The Bank of Japan (BoJ) captured the attention of the foreign exchange world last week when it started to live up to the expectations of the market. After much anticipation, and lots of preceding rhetoric, Governor Haruhiko Kuroda announced the ...

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

There is always a breaking point and at times a bridge too far and today best describes the EUR/JPY pull back or the vanilla yen rally. A healthy trade requires at times some breathing space and by booking profits for whatever reason – JGB’s getting ...

Submitted Apr 11, 2013|From forexblog.oanda.com|12 comments

Everything has been about the current yen show. If you missed an episode do not worry, one can catch up rather easily. The moves are quasi-predictable, certainly repetitive and a license to print money according to so many – what is not to like? ...

Submitted Apr 10, 2013|From forexblog.oanda.com|8 comments

Just when you thought it was safe to go out and sell that 17-member single currency, all things turn pear-shape for the remaining ‘bear’ as the EUR takes on a new big figure level with gusto, touching $1.31 for the first time since mid of ...

Submitted Apr 5, 2013|From forexblog.oanda.com|4 comments

A less dovish Draghi came and went yesterday. The Bank of England stood ‘pat,’ while the Bank of Japan’s Kuroda delivered. EUR positions have been squeezed on either side of the current range, but a surging EUR/JPY has left the ‘single’ currency net ...

Submitted Apr 4, 2013|From forexblog.oanda.com|3 comments

New Bank of Japan (BoJ) Governor Haruhiko Kuroda held nothing back, much to the global currency market’s surprise, by kicking off his inaugural two-year term with an aggressive new easing program designed to combat more than 15 years of deflation in ...

Submitted Apr 4, 2013|From forexblog.oanda.com|4 comments

Defending one sucker punch this week was never going to do it – softer US data yesterday honed in on a weakness in US employment forecasting. This morning it was activity in the Eurozone’s private sector falling at a sharper pace last month that has ...

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

Is this the relative calm before a storm? As we descend on this mid-week, event risk should begin to heighten while investors ponder over the outcomes of the BoJ, ECB and BoE in the next couple of trading sessions. If that is not enough for them, ...

Submitted Apr 2, 2013|From forexblog.oanda.com|5 comments

It was not even an April fool prank – just do not take dollar strength for granted. The mighty dollar dropped its guard yesterday and lost some of the previous night’s gained ground in the wake of a lower than expected US March ISM manufacturing ...

Submitted Mar 28, 2013|From forexblog.oanda.com|7 comments

All eyes are on Cyprus again today as local banks are due to reopen after the government announced capital control measures to prevent a flight of deposits. The ordinary investor remains cautious, with current sentiment further undermined by the ...

Submitted Mar 27, 2013|From forexblog.oanda.com|1 comment

Greek and periphery borrowing costs are attempting to creep higher as investor’s fear over Cyprus dominates a strong performance in the US. On the other hand, the US investor seems to be overlooking the Cypriot drama and focusing on domestic data in ...

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

Good luck with your next bailout Europe – is most likely what the Russians are saying or at least should be. Watching EUR/RUB plummet yesterday in a hair’s breadth looked only to be the beginning of long draw out retaliation plan to a possible +40% ...

Submitted Mar 25, 2013|From forexblog.oanda.com|10 comments

The tail risk of Cyprus is less of a financial issue for markets. Investors will likely turn their attention back to Italy, another periphery problem. Already a month has gone by and the country remains government-less. The formation of a government ...

Submitted Mar 23, 2013|From forexblog.oanda.com

With no North American data to bully the loonie on Friday, the interest and commodity sensitive currency ended the week trading rudderless in another tight boring range. Many investors have shifted their attention to the euro-zone developments. Last ...

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

Despite concerns about Cyprus and an unexpected drop in this month’s German business confidence numbers, the 17-member single currency is rounding off the week trading higher against most of its major trading partners. Many participants still expect ...