Submitted Jan 3, 2012|From forexblog.oanda.com

When it comes to Greece and the Eurozone, it is difficult sometimes to tell just who is playing whom. The latest example of the delicate dance within the Eurozone was on display today following the release of a carefully-worded communiqué ...

Submitted Jan 3, 2012|From forexblog.oanda.com|9 comments

We are back. Back to half-truths, a little despair and hope. The Euro agenda has not changed, leaders are out to save their beleaguered union, their currency and years of hard grafting. The US will spend the next 10-months deciding who has the honor ...

Submitted Dec 21, 2011|From forexblog.oanda.com

Currency traders look to many indicators in an attempt to form a view for future exchange rate movements. These usually include GDP and employment rates together with other factors providing feedback on the overall health of the economy. Traders pay ...

Submitted Dec 17, 2011|From forexblog.oanda.com|1 comment

As we round out the year there are only a few currencies that investors are gravitating towards, and one of them is the yen. The Aussie seems to have become afflicted by its strong association with China and her ‘softer’ data. The EUR is a story ...

Submitted Dec 16, 2011|From forexblog.oanda.com

The EUR certainly hogged most of the headline this week. It seems investors appear most bullish on the USD and JPY and overwhelmingly bearish on the EUR and AUD. US data continues to pleasantly surprise even with the Euro-zone believed to be ...

Submitted Dec 16, 2011|From forexblog.oanda.com|2 comments

The overnight session can only be described as a “modest’ rally for risk. Global equities managed to pare their weekly losses, but the sooner we can get out of this month, this quarter, this year, the better. Observing the past quarter is almost ...

Submitted Dec 15, 2011|From forexblog.oanda.com|15 comments

Even with Euro risk sentiment remaining on the back foot, the Euro periphery bond deals are getting done, but at a price. Now that there are more sales coming down the pipe, more concessions will be expected. The market was not that impressed with ...

Submitted Dec 14, 2011|From forexblog.oanda.com|10 comments

This month and year may be winding down, but the heat on the Euro-zone is certainly becoming more intense. Investors are trading up against some key support levels for the currency, levels that when breached could see another decent run to the ...

Submitted Dec 13, 2011|From forexblog.oanda.com

Ongoing fears about European debt continue to dominate market sentiment. Rating agencies are already doing their bit this week by adding pressure in warning on the future of the Euro-zone. The agency’s rarely bring us good news in this trading ...

Submitted Dec 12, 2011|From forexblog.oanda.com|1 comment

The euro fell to $1.310 by 2:30 pm in New York on Monday and continues to be assailed on two fronts. Investors clearly remain unmoved by the outcome of the weekend summit meeting and this has money leaving the euro in favor of safer destinations. In ...

Submitted Dec 10, 2011|From forexblog.oanda.com

Timothy shuffling over to Europe and declaring that he had “a lot” of confidence in efforts by France and Germany to ramp up Euro-zone fiscal governance with proposed EU treaty changes seem to have done the trick. On the face of it, the Euro summit ...

Submitted Dec 10, 2011|From forexblog.oanda.com|1 comment

Anyone disappointed in how the Euro summit concluded, giving us a rather underwhelming result, must have taken heart in China’s fund announcement. Is the ‘Red Knight’ coming to global Capital Markets rescue again? China is planning to create two ...

Submitted Dec 9, 2011|From forexblog.oanda.com

This week was supposed to be an historic week for the EUR. It’s actually ending on a whimper. The ECB cut rates and delivered more significant measures to improve bank funding conditions. However, the ECB has again stopped short of signaling a level ...

Submitted Dec 7, 2011|From forexblog.oanda.com|4 comments

Nothing is going any where fast, at least not until the Euro Summit shows and plays its hand we think. The one note of consistence it seems in the last 24-hours is how many analysts have revised their 12-month prediction for the EUR. The results are ...

Submitted Dec 6, 2011|From forexblog.oanda.com

Governor Carney did what was expected and kept Canadian rates on hold (+1%) this morning. The accompanying statement was a tad surprising, less dovish than expected. The fact that the Bank mentioned that there was “considerable monetary policy ...

Submitted Dec 6, 2011|From forexblog.oanda.com

Is it a real surprise that a Credit agency, again, hogs the limelight? Is it a motivational strategy? Do Euro-member leaders require that extra pressure to get the “job” done? It’s interesting that S&P, who has put the 15 Euro-members, including ...

Submitted Dec 5, 2011|From forexblog.oanda.com

With Merkel and Sarkozy meeting in Paris has US treasuries under pressure. The respective leaders want to rewrite the EU treaty allowing a new one to contain a debt turmoil clause, reducing refuge demand. The long end of the US curve is leading the ...

Submitted Dec 5, 2011|From forexblog.oanda.com|5 comments

This is the week of reckoning for the EUR along with a few central bank decisions thrown into the mix. Will the market follow through and build on its appreciation for risk now that we are getting some better US employment numbers or are we to ...

Submitted Dec 3, 2011|From forexblog.oanda.com

The BoJ and PBoC did their bit and helped take some heat off a burdened Euro financial system. Japan took part directly in coordinated actions to provide liquidity support to the global financial system. China, she took the internal route and cut ...

Submitted Dec 2, 2011|From forexblog.oanda.com|1 comment

North American employment reports came, we saw and they have been trying to conquer the risk trade ever since. It certainly was a mixed bag of data to end ‘this’ of all weeks on. Canada did a U-turn, and provided us with as many job losses (-18.7k) ...