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- Submitted Dec 14, 2012|From forexblog.oanda.com|1 comment

USD/CHF is not showing much movement on the final day of the trading week. The pair has been fairly quiet following an uneventful release on Thursday from the SNB. In its Monetary Policy Assessment, there was no change to the Swiss central bank’s ...
- Submitted Dec 13, 2012|From forexblog.oanda.com

The excuse for the less than extravagant response to the Fed announcement or the ECB’s new directive is that Capital Markets has a lot of digesting to do. Truth be told, it’s the season that’s in it and the predetermined decision by many, that until ...
- Submitted Dec 12, 2012|From forexblog.oanda.com|2 comments

It’s difficult to find a pulse, but Capital Markets still has one, as they remain calm ahead of the monetary policy announcement from the FOMC later today. After a false start and an extended deadline, Greece has completed a successful bond ...
- Submitted Dec 11, 2012|From forexblog.oanda.com

The market seems content with the lack of market volatility, a carry over from yesterday’s session. With the Capital Markets data calendar light again today, many investors are waiting for wisdom from German data and development of the Greek ...
- Submitted Dec 10, 2012|From forexblog.oanda.com|1 comment

The Monday after a US employment data release is historically the least volatile day of the month. Events occurring in the overnight sessions could be putting an end to this myth, as we head slowly towards the US Fiscal Cliff deadline. The Italian ...
- Submitted Dec 7, 2012|From forexblog.oanda.com

How big is that Yen bet? Shortening the Yen and waiting sounds too easy. Something so easy can usually spell danger. The increase in Yen short IMM positions would suggest that we are beginning to see the early days of the Yen carry trade. Most of ...
- Submitted Dec 7, 2012|From forexblog.oanda.com|1 comment

Forget the US Cliff. The currency everyone knows as the single unit, the EUR, has been dealing with it’s own cliff crisis ever since Draghi’s no-rate change ECB press conference yesterday. The market has seen very heavy EUR/USD volumes traded, the ...
- Submitted Dec 5, 2012|From forexblog.oanda.com

Market enthusiasm seems weary at best, despite the various asset classes taking their cue from an upbeat overnight Asian session. Even the new Chinese leader, Xi Jinping, made some encouraging statements about his country’s own economy, raising ...
- Submitted Dec 4, 2012|From forexblog.oanda.com

A lack of progress in the US budget negotiations is keeping investors on edge. The fiscal cliff in the US remains a top priority as political verbal jousting continues to create headline risk. The House Republicans made a new deficit proposal ...
- Submitted Dec 3, 2012|From forexblog.oanda.com|7 comments

This week is doing its best to start on the correct foot, helped mostly by Greek buy-back plans and by positive Chinese manufacturing data. This month will not end up being a sprint to the ‘turn’ as liquidity and market participation will quickly ...
- Submitted Dec 1, 2012|From forexblog.oanda.com|2 comments

How much room has the Yen to fall? The Yen bears seem to be back in full force and are becoming very vocal. The currency of the ‘rising sun’ has ended the week sharply lower outright, mostly due to comments from LDP leader Abe suggesting a foreign ...
- Submitted Nov 30, 2012|From forexblog.oanda.com|32 comments

The end of another week and month has global capital markets proceeding with caution this Friday, and especially so ahead of the German vote to approve the latest Greek ‘Band-Aid’ solution. The proposed Greek debt buy-back operation should also be ...
- Submitted Nov 29, 2012|From forexblog.oanda.com|29 comments

Just when you thought that short EUR position you had been carry was about to strike big, along comes a few US politicians to throw yet another curve ball. The US fiscal cliff is again capturing the markets attention, as investors look for signs of ...
- Submitted Nov 28, 2012|From forexblog.oanda.com

Safe haven assets are once again the ‘flavor de jour,’ lifting the mighty dollar higher outright against the single unit while pushing global equities back into the red. US fiscal cliff concerns continue to depress global risk appetite and boost the ...