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- Submitted Mar 29, 2012|From forexblog.oanda.com|1 comment
It is frustrating to digest the same FX story day after day while other asset classes see movement. Of late, during North America, watching some of the price action is like watching paint dry. It seems that more chatter is putting further emphasis ...
- Submitted Mar 27, 2012|From forexblog.oanda.com
Helicopter Ben’s remarks yesterday morning on the US job market are being considered his most dovish stance to date. The dollar for most of this month, so much in demand, continues to underperform, triggering stop losses outright against its major ...
- Submitted Mar 24, 2012|From forexblog.oanda.com
It seems that the USD rally does not fit into the recent trend of dollar strength, and resemble the more traditional “risk-off” dynamic that investors have become accustomed too over the past year. Some will argue that the dollar price action is ...
- Submitted Mar 24, 2012|From forexblog.oanda.com
China using the CNY fix and rumors of an imminent RRR cut has many investors wondering about changing their risk profile, specifically after a week that saw both equities and fixed-income holding and FX dance to another tune after weaker global ...
- Submitted Mar 23, 2012|From forexblog.oanda.com
With risk appetite stabilizing, the EUR is ending the week influenced more by month and quarter-end demands and by various option strangleholds. The single currency has managed to hold up well in the global PMI shakeout and is on the cusp of ...
- Submitted Mar 23, 2012|From forexblog.oanda.com
The EUR bears certainly got the short end of the stick after the weaker global PMI releases. In a market where you would expect the single currency to underperform more so, has seen the rumored bottom feeders from Russia support and buy in size. ...
- Submitted Mar 22, 2012|From forexblog.oanda.com
Just like our cup of java, we have got our jolt. A mixed bag of global overnight data finally has this currency market on the move. This morning, we are getting our wake up call to global growth risk concerns. Touted by many, recent economic outlook ...
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OANDA commented Mar 21, 2012According to Consumer Report, it's literally too hot for him!
EUR Bias Remains The Same
- Submitted Mar 21, 2012|From forexblog.oanda.com|3 comments
It’s difficult to get excited by helicopter Ben two days in a row, however, here we are and its seems we have to try. Yesterday, he followed through with only his history lecture, urging us to keep the lessons from the Great Depression to evaluate ...
- Submitted Mar 20, 2012|From forexblog.oanda.com|1 comment
The mighty, somewhat subjective dollar, has managed to claw back some of its recent losses in the overnight session. Until now, the buck has been trading close to its weekly lows outright on speculation that the Fed Chair Ben Bernanke will reiterate ...
- Submitted Mar 19, 2012|From forexblog.oanda.com|3 comments
Last week, the dollar succumbed to profit taking from Fed Evans dovish overtones on Friday. This weeks direction will be set early by New York Fed Dudley’s speech later this morning. The market will be focusing on whether he will be able to talk ...
- Submitted Mar 15, 2012|From forexblog.oanda.com
The main takeaway from yesterday’s market was the strengthening of the U.S. dollar most notably against the Japanese Yen and the Euro as the result of the positive economic indicators to come out of the United States and the Federal Reserve comments ...
- Submitted Mar 14, 2012|From forexblog.oanda.com
1. Convince European officials to provide another bailout to the tune of 130 billion euros? Check. 2. Persuade your creditors to “voluntarily” accept 100 billion euros less in repayment? Check. 3. Close the Eurozone debt file as “solved”? Not a ...
- Submitted Mar 10, 2012|From forexblog.oanda.com
After the tsunami that struck Japan and sent the currency to its strongest level in months government and exporters were in agreement a weaker Yen was a desired outcome. Now that it has come to pass it is not seen a blessing as that same tsunami ...
- Submitted Mar 8, 2012|From forexblog.oanda.com
This is the market move that investors should have been treated to earlier in the week, rather than a painful consolidation of FX pricing. There is a lot in play today. Investors will be treated to a bit of posturing, much rhetoric and little ...
- Submitted Mar 7, 2012|From forexblog.oanda.com
It has been a night of FX consolidation as the market holds its collective breath after three days of market red ahead of Greece’s Bond Swap pick up announcement tomorrow. The Greek government said it will use collective action clauses to compel ...
- Submitted Mar 6, 2012|From forexblog.oanda.com|10 comments
Everything is fine in the world if you are holding mostly “bear” dominated positions. With global equities seeing red for the third-consecutive day, its longest losing stretch in two-months and market rumors rife, has investors again coveting the ...
- Submitted Mar 5, 2012|From forexblog.oanda.com|2 comments
China is not to be seen as the ‘savior of last resort,’ especially from Europe’s perspective. With sleight of hand and change in Chinese dynamics, has the optimist retreating from field of play in the overnight session, in this rate and employment ...
- Submitted Mar 3, 2012|From forexblog.oanda.com
This week’s global PMI’s and the ECB’s LTRO program imply that the global growth and liquidity background for Asia should continue to improve. It is now believed that Asia’s economy is likely accelerating away from the Q4 cyclical trough. Investors ...
- Submitted Mar 3, 2012|From forexblog.oanda.com
This week’s ECB LTRO program is supportive of emerging and higher yielding G10 currencies. This second 3-year LTRO provided a total of nearly +€530b in fixed rate funding, slightly above the consensus median expectation of +€450b. This excess ...