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- Submitted Sep 1, 2012|From forexblog.oanda.com

The MoF latest data shows that Japan remains a major foreign bond buyer. Volumes remain very high with sales of Y2.478t against purchases of Y3.5205t as many made their way back from the Oban-summer holidays. The dollar again seems to have been the ...
- Submitted Sep 1, 2012|From forexblog.oanda.com

Anyone looking for some clear evidence from Bernanke on the Fed’s next steps in Jackson Hole was left disappointed ahead of the long weekend. He again pledged to provide additional support as needed, without mentioning any new specific bond buying ...
- Submitted Aug 31, 2012|From forexblog.oanda.com|11 comments

All it took was for a few key stop losses to be activated yesterday midmorning to get this market to act temporarily trigger happy ahead of Helicopter Ben’s all important keynote speech in Jackson Hole this morning. Even month end requests managed ...
- Submitted Aug 30, 2012|From forexblog.oanda.com|10 comments

Price action in FX continues to be range bound ahead of the busy September schedule and helicopter Ben’s highly anticipated speech tomorrow in Jackson hole. Some investors, in lieu of event risk, have been reversing tactical long risk positions ...
- Submitted Aug 29, 2012|From forexblog.oanda.com|4 comments

This market is struggling to come up with anything innovative ahead of Jackson Hole in fear of being caught badly offside with any surprise outcome from Bernanke’s speech. It’s no wonder that there is a stranglehold on volatility, especially more so ...
- Submitted Aug 28, 2012|From forexblog.oanda.com

Yesterday, French President Hollande was lobbying on behalf of Greece and other weaker European economies, reiterating his support for a mutualization of the euro-zone debt and in danger of alienating his supposed largest ally. A day later and we ...
- Submitted Aug 24, 2012|From forexblog.oanda.com

This week saw a considerable number of politicians and policy makers make statements regarding Greece. German policy makers were probably the toughest giving no quarter and hinting at inflexibility. This was preempting Greek PM Samaras due on German ...
- Submitted Aug 24, 2012|From forexblog.oanda.com|4 comments

EUR/USD is starting to retreat after hitting 7 week highs boosted by the European who have openly pledged support for Greece and Spain. Today marks another important meeting between Greek Prime Minister Samaras and German officials who have been ...
- Submitted Aug 22, 2012|From forexblog.oanda.com|2 comments

So far the EUR remains on the main menu, despite so much of the single currency on offer at these lofty heights. There is market talk of another ‘yard’ (+EUR1b) to go at 1.25. Even with the ample supple, the market short wide currency of choice ...
- Submitted Aug 21, 2012|From forexblog.oanda.com|12 comments

Finally some market movement, and it seems to have picked the obvious side. The EUR right hand squeeze is on and the question remains will dealers be able to defend the obvious option barrier levels? If they cannot, a plethora of stop losses will be ...
- Submitted Aug 20, 2012|From forexblog.oanda.com|1 comment

I thought I was being jaded and biased, but it’s officially true, the EUR is currently trading in the tightest range in five years based on last weeks range as this summer lull has sent G10 currencies mostly to sleep. Global scheduled and ...
- Submitted Aug 17, 2012|From forexblog.oanda.com|1 comment

It has been an uninspiring jobbing week for the single currency. The EUR has been confined to within a tight two cent trading range. Volatility blips have been fueled by strong rhetoric from Merkel, very much backing earlier Draghi comments, a think ...
- Submitted Aug 17, 2012|From forexblog.oanda.com

It another day of “ditto” with a different EUR handle. With so many different holidays being respected it’s a wonder we have a market pulse whatsoever. Yesterdays only excitement came when the electronic executioners were called into action when a ...
- Submitted Aug 15, 2012|From forexblog.oanda.com

Together this is still a EUR sellers market despite the news drought. It not a surprise that the summer doldrums have taken hold of the single unit in Asia with the bulk of the action again confined to a narrow thirty pip range. Europe stop loss ...
- Submitted Aug 14, 2012|From forexblog.oanda.com

In the dog day’s of summer the single currency movement is relentless, inching ever higher, squeezing the weaker short positions into submission and now beginning to test the wits of the long time negatively converted. It does not feel market ...
- Submitted Aug 11, 2012|From forexblog.oanda.com|1 comment

It was not unusual to see Chinese Government Bonds end the week on a high note, especially after a weaker than expected trade and loan data for July fueled investor expectations that the PBoC could announce a cut in the bank’s reserve requirement ...
- Submitted Aug 10, 2012|From forexblog.oanda.com

The EUR’s lackluster performance this week, especially after printing a five-week high (1.2444), paints a picture of uncertainty for the single currency as expected follow through gains have failed to develop. Not helping the single currency’s ...
- Submitted Aug 10, 2012|From forexblog.oanda.com

Capital markets are trapped in a range as investors await further details from the ECB on Spain, in particular when and under what circumstances the Iberian member will apply for financial aid or until China announces another RRR cut. Investors ...
- Submitted Aug 9, 2012|From forexblog.oanda.com|3 comments

Capital markets are beginning to thin out more so than normal. The is emphasizing that the holiday season is here and trader empathy is abundant. With both the FED and ECB all talk so far, few traders want to do anything of substance, with many ...
- Submitted Aug 8, 2012|From forexblog.oanda.com|1 comment

Very few of us know little else. Unless the EUR is under pressure, the pressure is on our trading. You win a little and you lose a little. That so far is the general mood, nothing too big on either side of the equation. Market risk is easing after a ...