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- Submitted Oct 5, 2012|From forexblog.oanda.com|2 comments

Lets hope this market get to see some action with North American employment reports this morning. Watching paint dry in the Asian and Euro overnight shifts is officially boring. The overnight price action has not run away from us, as the EUR seems ...
- Submitted Sep 29, 2012|From forexblog.oanda.com

Chinese industrial profits fell by 6 percent in August. Making it the fifth month in a row that registered a drop. The goverment has been asked to introduce measure to stop the slowdown and boost economic growth.The Bank of China followed the lead ...
- Submitted Sep 28, 2012|From forexblog.oanda.com

Europe is facing an austerity backlash. Protests in Portugal, Spain and Greece speak volumes about what the citizens in those countries think of proposed measures to comply to European Union agreements. Germany continues to be the strongest economy ...
- Submitted Sep 27, 2012|From forexblog.oanda.com|12 comments

Fed Watchers believe a QE3 expansion announcement may come in December 2012. Too early too soon? Didn’t the Fed just announced an open ended easing operation a few weeks ago and now we’re speculating about an extension of the easing program? Let us ...
- Submitted Sep 21, 2012|From forexblog.oanda.com

The last two weeks have been good for Spain. So good in fact that they are taking their time in sending a formal bailout request to the ECB. Mario Draghi’s committment to the euro and unlimited bond-buying program made this week’s Spanish bond ...
- Submitted Sep 18, 2012|From forexblog.oanda.com|7 comments

The market downtrend continues to develop. It is difficult to get individually enthusiastic when its a tight range, despite the volatility within that range. It’s even more suffocating to try to express certain trading strategies within that defined ...
- Submitted Sep 17, 2012|From forexblog.oanda.com|2 comments

Markets this morning are heavy, under profit taking and somewhat disappointed at the lack of “substantive news out of the weekend’s EcoFin meeting.” It seems that the FX market space have returned to that place where volumes and participation ...
- Submitted Sep 14, 2012|From forexblog.oanda.com|2 comments

There are two things to note. First, markets are in expensive territory and second, don’t mess with CBanks. The “big dollar” has weakened materially across-the-board after the Fed’s announcement yesterday that it will undertake more monetary ...
- Submitted Sep 13, 2012|From forexblog.oanda.com|6 comments

With the BoK, RBNZ and SNB all on hold in a somewhat dull overnight FX session, it’s now up to helicopter Ben to break the CBank non-action cycle. The obvious question, can he? Yes, but will he? The markets to date have been trading that way. This ...
- Submitted Sep 12, 2012|From forexblog.oanda.com|4 comments

The EUR rallying to its highest level in four months reflects a market that is getting more bullish on the single currency, and not just less bearish. Apart from the hot money being poured into the market, there is some longer-term funds behind this ...
- Submitted Sep 11, 2012|From forexblog.oanda.com

Today the various global asset classes are consolidating after a good run up late last week. Now that the ECB has unveiled its “unclear” bond buying plan to address Euro periphery debt stress issues, the focus has shifted to helicopter Ben and his ...
- Submitted Sep 10, 2012|From forexblog.oanda.com|1 comment

Historically the first trading day after a NFP release tends to be the slowest and most boring of trading days in that month. So far, this Monday has not disappointed, as Capital Markets prepares for an intense event laden week. With no economic ...
- Submitted Sep 7, 2012|From forexblog.oanda.com

The ECB’s “big gun”- unlimited bond buying or OMT could end up backfiring. The Euro-zones political and economic uncertainty has not disappeared. The Spanish still have not asked officially for a handout. This is a precondition for the ECB to buy ...
- Submitted Sep 7, 2012|From forexblog.oanda.com|4 comments

Was Mario Super? Has he been able to save his credibility? The ECB delivered what was expected in ‘their’ appropriately leaked rumors. How else are they going to manage any potential fallout unless they also coordinate the rumors? The ECB program or ...
- Submitted Sep 6, 2012|From forexblog.oanda.com|15 comments

Is this it? Are we finally going to get what we have been speculating for some time or will Draghi fall on his sword as his own credibility gets tested in a few hours? Investors are hoping that Super Mario will deliver on his promise to save the ...
- Submitted Sep 5, 2012|From forexblog.oanda.com

The EUR gains in the latter half of last month have been mostly about positioning, with a market caught record short the ‘single unit’ heading into a five-week stretch of significant policy responses. Helicopter Ben’s dovish message from Jackson ...
- Submitted Sep 4, 2012|From forexblog.oanda.com|6 comments

The currency, unlike similar interest rate and risk sensitive currencies, does have a genuine split personality. Many see the Canadian Dollar as a “safe haven” in times of global uncertainty, while others see it as a “risk sensitive” bet that ...