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- Submitted Dec 2, 2011|From forexblog.oanda.com
Markets have been trying to add risk as the hangover effect from central bank actions earlier in the week remains. However, it’s a rather tenuous relationship with next weeks Euro-event risk on everyone’s radar and Friday’s NFP labor participation ...
- Submitted Dec 1, 2011|From forexblog.oanda.com|4 comments
When one trades close to the ‘core’ of negativity for such a long period it’s not impossible to be a tad cynical with some of yesterdays moves, being month-end and all. November was the month to own the dollar and US treasuries while again ...
- Submitted Nov 29, 2011|From forexblog.oanda.com|1 comment
Italy issued up to €8b worth of bonds this morning with maturities ranging between 2014 and 2020. The major concern to the market has always been any evidence of further weakening in investor demand for “peripheral” sovereign paper. The Italian ...
- Submitted Nov 28, 2011|From forexblog.oanda.com|1 comment
Despite Euro-yields trading within striking distance of their record highs, the US FI market has managed to back away from its record low yields for a second-consecutive day. The US price curve dropped on speculation that European leaders are closer ...
- Submitted Nov 28, 2011|From forexblog.oanda.com|2 comments
The USD is opening this weeks account a good deal weaker. Asian and Euro-bourses have rebounded from their biggest selloff in nearly two-months amid speculation policy makers are intensifying their efforts to contain “the” debt crisis. For most of ...
- Submitted Nov 27, 2011|From forexblog.oanda.com
Central Banks are thinking outside the box this week, with one aim in mind, and that’s to cheapen their own currency. Unless of course you happen to be in the emerging market category. On Friday, there were rumors that the SNB was about to change ...
- Submitted Nov 26, 2011|From forexblog.oanda.com
In the US, it was a holiday shortened trading week. Thanksgiving stuck near the end of the week has investors trading a thin post market. All the Euro toxic headline prints have created a bias towards light trading, dominated by risk aversion ...
- Submitted Nov 25, 2011|From forexblog.oanda.com
For two days, German policy makers tried to explain away the disastrous bid-to-cover ratio of their Benchmark 10-year offering, blaming the low level of yields and market uncertainty. Germany, the atlas of Europe, is not invincible and the market ...
- Submitted Nov 25, 2011|From forexblog.oanda.com
Are credit agencies on a weekly quota? There is Portugal followed by Hungary. Is there actual collusion? Fitch followed by Moodys. Is there an agency ombudsman? We can all agree that we are in this mess together and that we are all paying for it in ...
- Submitted Nov 24, 2011|From forexblog.oanda.com
During a press conference earlier today, French President Nicolas Sarkozy and German Chancellor Angela Merkel attempted to patch up a public rift stemming from an incident last week. The two leaders also used the session to express confidence in ...
- Submitted Nov 24, 2011|From forexblog.oanda.com
Crude oil ($96.74) rose from it lowest price in two-weeks as a surprise drop in weekly US inventories coupled with violent outbursts in Saudi Arabia countered concern that Europe’s sovereign debt crisis will threaten the global economy. Stockpiles ...
- Submitted Nov 23, 2011|From forexblog.oanda.com
As evidenced by the poor showing for German bonds at today’s Bundesbank bond offering, it is obvious for all to see that the debt contagion tide is now threatening Germany’s coastline. Of the 6 billion euros ($8.1 billion) in German sovereign debt ...
- Submitted Nov 23, 2011|From forexblog.oanda.com
Despite the Loonie out performing its peers of late, the currency outright (1.0490), has managed to print a fresh six-week low on the back of a failed German 10-year bond auction. Demand for the offering saw only Eur+3.9b coveted from the Eur+6b ...
- Submitted Nov 22, 2011|From forexblog.oanda.com
The theme remains the same for the Fixed Income market. Euro-yields continue to balloon. This morning’s Spanish T-bill auctioned happened to hit a 14-year yield high as political uncertainty about a solution to the Euro-Zone’s sovereign debt crisis ...
- Submitted Nov 22, 2011|From forexblog.oanda.com|1 comment
As yield rates for France’s sovereign debt climbs to levels most analysts feel to be unsustainable, the country’s triple A credit rating is firmly in the sights of the major ratings agencies. 10-year French government bonds rose to 3.5 percent as ...
- Submitted Nov 22, 2011|From forexblog.oanda.com|26 comments
Worrying about a European recovery has very much come to a standstill, with trading ranges nothing to write home about. The Euro has extended it’s European morning rally, moving the price above it’s 10-DMA (1.3540), triggering some weaker ...
- Submitted Nov 21, 2011|From forexblog.oanda.com|1 comment
Crude oil took it on the chin from a couple of variables so far today. Prices have fallen on concerns about economic growth and demand for the commodity being curbed by debt problems in Europe and the US. Not helping the situation has been the ...
- Submitted Nov 21, 2011|From forexblog.oanda.com|3 comments
As pressure mounts on British Prime Minister David Cameron to address growth concerns and recession concerns, comes word that the government is planning to introduce a “massive” credit easing initiative. In his speech today before the Confederation ...
- Submitted Nov 21, 2011|From forexblog.oanda.com
Despite the Loonie out performing its peers of late, the currency outright, has managed to print a fresh six-week low on the back of its neighbor’s “super committee’ political impasse and Europe’s sovereign-debt crisis. Global uncertainty is ...
- Submitted Nov 19, 2011|From forexblog.oanda.com
The market, by all accounts, seems to have turned more outright bearish on the EUR. It has returned to being bullish on the JPY after BoJ intervention reduced interests in the last few weeks. The yen is twinned with the dollar as the go-to reserve ...