- Search Crypto Craft
- Submitted Sep 29, 2011|From forexblog.oanda.com
Despite the toing and froing of austerity ideas and Greek sovereign debt solution suggestions, the market remains in a defined range as dealers execute month and quarter end-demand requirements. It can be the silly season for price action, and ...
- Submitted Sep 28, 2011|From forexblog.oanda.com
Risk sentiment remains vulnerable to headlines out of Europe. EC President Barroso “State of the Union” has done little to garner stronger EUR support this morning. European policy makers continue to find it difficult to agree, and remain split over ...
- Submitted Sep 27, 2011|From forexblog.oanda.com
It no wonder investor confidence is at such low levels when you have to interpret irresponsible politicking as well. It seems that Euro finance ministers cannot whistle to the same tune. There has been talk about leveraging EFSF monies to ...
- Submitted Sep 26, 2011|From forexblog.oanda.com|1 comment
The market had expected to hear something more positive this weekend, instead of the acknowledgment of the gravity of the situation that required Europe to face an attempted scolding from Geithner. Investors now seem to believe that a Greek ...
- Submitted Sep 23, 2011|From forexblog.oanda.com
The Fed’s magic bullet is failing to improve consumer confidence. Bernanke and company did what was expected of them this week and announced a new plan to stimulate growth by implementing “Operation Twist”. In the process, they defied Republican ...
- Submitted Sep 23, 2011|From forexblog.oanda.com
The market is taking a deep breath. It seems to be pinning its hopes on the G20 and IMF meetings to produce a policy response to the recent market panic. Already the G20 finance ministers’ communiqué delivered nothing new and suggests ...
- Submitted Sep 22, 2011|From forexblog.oanda.com|5 comments
Desperate times call for desperate actions. The Fed did was expected of them. They have introduced something innovative. Bernanke and company have reverted to “operation twist”, a program that has not been implemented in nearly half-a-century. The ...
- Submitted Sep 21, 2011|From forexblog.oanda.com|1 comment
In the past 24-hours the market has dealt with 1.25 CHF peg rumor, a weak German ZEW print, an Italian downgrade, an IMF growth cut and a dovish BoE this morning. You gotta believe it’s easier to predict what the FOMC will deliver this afternoon. ...
- Submitted Sep 17, 2011|From forexblog.oanda.com
The week started on the back foot, carrying over of an imminent Greek default fear from the previous Friday. The Group of 7 came empty handed and left, promising nothing. The SNB did all the promising, despite still looking for credibility, and ...
- Submitted Sep 15, 2011|From forexblog.oanda.com
Currently, the market is betting on “convinced”, Merkel and Sarkozy are convinced that Greece will remain one of its fraternity members. Papandreou looks likely to be receiving the next tranche of IMF funds (EUR8b) to increase the chance that the ...
- Submitted Sep 14, 2011|From forexblog.oanda.com|1 comment
Fears that Greece is heading towards an inevitable default have increased significantly in the past two weeks. And now it appears that as the likelihood of a default increases, the fate of Greece has driven a wedge between the two main parties in ...
- Submitted Sep 14, 2011|From forexblog.oanda.com|7 comments
Merkel and company have been out in full force providing rhetoric support for the EURO idea, trying to reassure the market that there is no quick fix, stabilizing measures take time. Time is a precious commodity in capital markets. Unfortunately, a ...
- Submitted Sep 13, 2011|From forexblog.oanda.com
Merkel seems to burning the candle at both ends and doing everything in her power to prevent a Greek default. She is side stepping her own domestic supporters by moves of perception. Always be seen doing the correct thing, this is being fulfilled by ...
- Submitted Sep 12, 2011|From forexblog.oanda.com
Last week ended on a sour note with the market being spooked by default provisioning talk. This morning the market continues to price in that Greek possibility. The G7 have done a lousy job in boosting investors confidence last weekend, their ...
- Submitted Sep 9, 2011|From forexblog.oanda.com
All policy makers have been reading from the same dovish script this week. The general message from central banks is to turn more ‘cautious and neutral’ given the rapid slowing and stagnation evident in key macro indicators. That was the easy part ...
- Submitted Sep 9, 2011|From forexblog.oanda.com|5 comments
Australia:The Reserve Bank of Australia (RBA) kept rates on hold at +4.75% as widely expected. Reactions were muted with the AUD rates market pricing for RBA rate cuts over the next 12 months unchanged around 129bp. Importantly, the RBA removed the ...
-
OANDA commented Sep 9, 2011As JollyRoger explained the Swiss have a natural defense and that's the printing press. Currently amongst the different asset classes the desire for risk is not out there. Only a mass 'hysteria' breakdown is capable of overwhelming the SNB ...
EUR-CHF 1.20 fixation-who will do the pushing?
- OANDA commented Sep 9, 2011
Was distracted by the Rugby World Cup Opening-I was referring to EUR/CHF at 1.20...apologies
EUR-CHF 1.20 fixation-who will do the pushing?
- Submitted Sep 9, 2011|From forexblog.oanda.com|11 comments
Investors are too beat up to be running ahead on speculation. It’s G7 day and the rumors of possible concerted monetary easing, the bait, is not been taken by this market. It seems it prefers to wait for more concrete evidence. Will the Japanese ...
- Submitted Sep 8, 2011|From forexblog.oanda.com|28 comments
When President Obama finally hits the airwaves this evening, capital markets will already be juggling with a few extra balls. Bernanke gets to front run Obama’s highly anticipated job speech, where market participants are already expecting measures ...