Submitted Mar 22, 2013|From forexblog.oanda.com|8 comments

It's remarkable, Capital Markets remains composed; most likely due to the fact that investors have gotten used to the last minute Euro solutions. From current levels, the recovery potential for the 'single' currency is limited if a solution is ...

Submitted Mar 21, 2013|From forexblog.oanda.com|2 comments

A few subtle threats and a lot of red flashing are attempting to erode the single currency’s recent resilience. Russia is supposedly reconsidering the EUR in the structure of its gold and forex reserves in light of the Cyprus situation – an ...

Submitted Mar 20, 2013|From forexblog.oanda.com|4 comments

Euro policy makers have never made it easy for the 17-member single currency. From inception, the EUR has been trading against many odds. Socially and culturally the currency was supposedly destined to fail. However, a bakers-dozen years later, ...

Submitted Mar 19, 2013|From forexblog.oanda.com|7 comments

A little handholding and a little coaxing can go a long way. This market has checked some of their fevered emotions and taken their foot off the panic pedal with a little help from Euro policy makers. Capital Markets are relatively calm thus far, as ...

Submitted Mar 18, 2013|From forexblog.oanda.com|3 comments

What a shocker- the Euro ‘powers that be’ are playing a high stakes game with some big questions lingering over the precedent they are trying to set. In some investor’s eyes, the island of Cyprus could now ‘unofficially’ become the test case for the ...

Submitted Mar 14, 2013|From forexblog.oanda.com|10 comments

So far, equity markets are grinding higher, pushed by better-than- expected U.S. data resisting fiscal headwinds. Rates have re-emerged as a major driver of currencies. The ECB may yet cut rates but the reality is that, after such a move, we would ...

Submitted Mar 13, 2013|From forexblog.oanda.com|2 comments

In capital markets, especially forex, the trend remains your friend, boring but true. Actively watching or participating in any consolidated range trade action can be rather tedious and the current state of play is no exception. The forex market is ...

Submitted Mar 12, 2013|From forexblog.oanda.com|12 comments

Yen and more selling of it about sums it up for another relative dull overnight forex session perforated with a few CNY band-widening rumors. Well, it was dull until the release of disappointing UK data continued their economy’s dismal uninterrupted ...

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

The first Monday after NFP is historically the least volatile day of the month. So far, this first day of North American daylight saving time is holding true to form. However, there are a number of subplots that are very much capable of widening ...

Submitted Mar 9, 2013|From forexblog.oanda.com

No one was close to reporting the North America jobs numbers. Canada and the US headlines blew all forecasts out of the water, and for the time being have convinced the market that they need to buy North America. Both countries’ released improved ...

Submitted Mar 8, 2013|From forexblog.oanda.com|2 comments

Investing is greatly influenced by emotion and perception. The market view has current sentiment ever rising, as the mood ahead of this morning’s non-farm payroll remains relatively upbeat after US data this week showed private sector job growth for ...

Submitted Mar 5, 2013|From forexblog.oanda.com|33 comments

If the Euro story were confined to Germany, the shared 17-member currency unit would be a keeper. However, German services PMI is only ‘a ray of sunlight amidst the gloom.’ Euro economic data this morning initially helped to underpin sentiment and ...

Submitted Mar 4, 2013|From forexblog.oanda.com|1 comment

This is a tough week on the news front, with data coming fast and furious before peaking with the release of the “granddaddy of reports,” US non-farm payroll headlines on Friday. However, well before then, a plethora of Central Bank rate ...

Submitted Mar 2, 2013|From forexblog.oanda.com

The CAD currently possesses some untamable traits. Just when you think the “big”; dollar has safe haven dominance across the board, long CAD trades are back in vogue despite the negative economic headlines. It is thought that too many short CAD ...

Submitted Mar 2, 2013|From forexblog.oanda.com

The EUR received only temporary support from a surprise uptick in Spanish manufacturing data early Friday. The 17-member currency hastily lost it all when other Euro-zone activity headlines began to disappoint. For now, the dollar is back in demand ...

Submitted Mar 1, 2013|From forexblog.oanda.com|12 comments

February Month end shenanigans, mixed with a little yield play ahead of the ECB meet next week, and delivered with an assortment of US data had a forex market struggling to find conviction. However, disappointing Euro-zone activity data this morning ...

Submitted Feb 27, 2013|From forexblog.oanda.com|8 comments

Like Columbus, Italy continues to navigate through some uncharted waters. The Italian sovereign debt market faced a major test this morning with the Italian treasury tapping the 5y-bucket for around +€3b and issuing +€2.5b of a new 10-year product. ...

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

Euro-political instability never went away, it just lay dormant. Italy has managed to deliver to global capital markets a recipe for successful ‘political gridlock.’ A country considered as one of the strongest amongst the Euro peripheries has ...

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

The loonie fell to a fresh seven-month low against the US, its largest trading partner, after Friday’s disappointing December retail sales print (–2.1%) and a soft January inflation report (+0.1%) stoked investor concerns about the health of the ...

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

Many will be happy to see the back of this week. A week that has been dominated by one-way traffic that has seen most asset class prices retreat. We should be thankful to Italy, and specifically the colorful Silvio Berlusconi, for keeping the ...